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BSP holds key rate to boost recovery - BusinessWorld

BSP holds key rate to boost recovery - BusinessWorld
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.

BSP wants banks to shift to alternate rates way ahead of LIBOR exit

Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno is encouraging local banks to “proactively” transition all of its London Inter-Bank Offered Rate (LIBOR)-related exposures to alternate or replacement reference rates before it begins its cessation process in three months or in January 20

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