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

Economic Research	24 June 2016
Philippines
Economic Highlights
Policy Rates Keep On Hold In June Under the New IRC System 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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