Bangko Sentral keeps interest rates unchanged at record lows

GMA News December 13, 2012 4:20pm

Monetary authorities on Thursday kept policy rates unchanged amid a strong economy and a greater risk for inflation.

 

Bangko Sentral ng Pilipinas Governor Amando Tetango told reporters the policy-setting Monetary Board kept interest rates at 3.5 percent for overnight borrowing and 5.5 percent for overnight lending, both at record lows.

 

The Monetary Board lowers rates as a springboard for growth and raises rates to curb price pressures. — VS, GMA News