BusinessWorld Online: Banking & Finance
BSP asked to increase rates
The state-run pension fund appears dissatisfied with a scheme by monetary authorities to lure government firms into depositing their funds with the central bank.
Winston Garcia, president and general manager of the Government Service Insurance System, said the Bangko Sentral ng Pilipinas (BSP) should offer deposit terms comparable to that offered to commercial banks under the central bank’s overnight borrowing window.
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