He assured that the central bank will make optimum use of the monetary and accommodative micro-prudential policy mix and accelerate payment system digitalization to support economic recovery efforts.
Related news: BI leaves key rate unchanged again amid low inflation outlook
During the two-day meeting ended Thursday, BI also decided to maintain the deposit facility rate at 2.75 percent and the fixed-ending facility rate at 4.25 percent.
BI has kept its benchmark rate at 3.5 percent at three consecutive meetings on March 17-18, April 19-20, and May 24-25 this year.
The central bank had lowered the benchmark rate by 25 basis points to 3.5 percent from 3.75 percent during a meeting held on February 17-18, 2021.
Since last year until February this year, the bank has lowered its benchmark rate by a total of 150 basis points. (INE)
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Related news: BI lowers benchmark rate to 3.5 percent
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