Tuesday, June 28, 2016

Policy Rates Keep On Hold In June Under the New IRC System


Economic Research
24 June 2016
Philippines

Economic Highlights




Starting 3 June, the Bangko Sentral ng Pilipinas’ (BSP) shifted its monetary operations to an interest rate corridor (IRC) system. The IRC is a system for guiding short-term market rates towards the BSP policy interest rate which is
the overnight reverse repurchase (RRP) rate.

Economist:  Rizki Fajar  | +6221 2970 7207


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