PH Bank Lending Up 8.9% in December

Total outstanding loans of commercial banks, net of banks’ reverse repurchase (RRP) placements with the Bangko Sentral ng Pilipinas (BSP), continued to expand in December 2010 by 8.9%, broadly similar to the previous month’s expansion of 9%. Bank lending inclusive of RRPs grew at a slower rate of 8.9% from an expansion of 10.3% in […]
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Monetary Board Maintains Policy Rates

The Monetary Board (MB), the policy-making body of the Bangko Sentral ng Pilipinas (BSP), decided to maintain the BSP’s key policy interest rates at 4% for the overnight borrowing or reverse repurchase (RRP) facility and 6% for the overnight lending or repurchase (RP) facility. The interest rates on term RRPs and RPs and special deposit accounts […]
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