With BSP’s policy rates now at record low levels, average interest rates charged by banks to their customers have also dropped to single digit levels. This has benefitted consumers in terms of access to more affordable credit while business is able to expand and create new jobs with lower financing costs.
This is the second leg of the regional conference since its launch in Cebu City on September 28, 2021. The RCMS is one of Regional Operations' many efforts to bring the BSP closer to the Filipino people. We are doing this virtually for now but I look forward to when we can finally do this face to face.