INQUIRER.net stock images MANILA  -Bank regulators maintained the interest cap on credit card transactions at 3 percent per month or 36 percent per year, at least through the next six months, amid a balancing act between encouraging consumption by borrowers and making business sustainable for lenders. The cap was raised to the current level last January from 2 percent per month or 24 percent per year, which the Bangko Sentral ng Pilipinas (BSP) back then said was needed to help consumers when they were enduring the brunt of the COVID-19 pandemic.

https://business.inquirer.net/417229/credit-card-users-get-lift-as-bsp-keeps-rate-cap

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