benchmark-rate | ABS-CBN News

Bangko Sentral hikes benchmark by 25 bps to 6.25 percent

ABS-CBN News
Updated as of Mar 23 05:41 PM

The Bangko Sentral ng Pilipinas has raised its benchmark rate by 25 basis points, bringing it to 6.25 percent. Read more »

BSP hikes benchmark by 50 bps, key rate now 6 percent

ABS-CBN News
Updated as of Feb 16 05:51 PM

The Bangko Sentral ng Pilipinas on Thursday hiked its benchmark overnight reverse repurchase rate by 50 basis points, bringing it to 6 percent as it tries to tame inflation. Read more »

Bank lending up 13.4 percent in December

ABS-CBN News
Posted at Jan 31 01:11 PM

Despite interest rates hitting a 14-year high, bank lending expanded by 13.4 percent in December 2022 compared to the same month in 2021, the Bangko Sentral said. Read more »

Inflation accelerates to 8 percent in November

ABS-CBN News
Updated as of Dec 06 10:56 AM

Inflation in November quickened further as prices of select items continued to rise, the state statistics bureau said on Tuesday. Read more »

Conglomerates turn cautious as interest rates rise

Warren de Guzman, ABS-CBN News
Posted at Nov 09 09:24 PM

Big businesses have become more cautious about expansion and undertaking new projects as borrowing costs continue to rise. Read more »

BSP signals further rate hikes after Fed raises rates

ABS-CBN News
Posted at Jul 28 01:06 PM

The Bangko Sentral ng Pilipinas on Thursday signaled its readiness to further hike interest rates in the country after the US Federal Reserve again implemented another aggressive rate hike. Read more »

BSP may hike rate by 50-basis points in August: Medalla

ABS-CBN News
Posted at Jul 08 01:25 PM

The Bangko Sentral ng Pilipinas is prepared to raise interest rate by 50-basis points in its Aug. 18 meeting, BSP Governor Felipe Medalla said. Read more »

Peso closes at P55.06 to the dollar

ABS-CBN News
Updated as of Jun 29 07:12 PM

The Philippine peso settled at P55.06 to the dollar at the end of Wednesday’s trading, according to the Bankers Association of the Philippines. Read more »

Exports, remittances, BPOs to support peso: next BSP chief

ABS-CBN News
Posted at Jun 28 09:10 PM

A day after the peso weakened to P55.15 to the dollar in intraday trading Felipe Medalla said nearly all currencies are depreciating against the greenback. Read more »

Stocks dive, peso weakens ahead of BSP rate meeting

ABS-CBN News
Posted at Jun 22 05:16 PM

Philippine stocks took a beating for the second straight day, and the peso lost further ground a day ahead of the rate-setting meeting of the Bangko Sentral ng Pilipinas. Read more »

BSP may hike rates by 50 bps after Fed move: BPI

ABS-CBN News
Posted at Jun 16 03:33 PM

BPI said a very narrow gap between US and Philippine interest rates will likely exert more pressure on the peso, which will eventually translate to more inflation. Read more »

Diokno says Fed hike no immediate effect on PH rates

Jekki Pascual, ABS-CBN News
Updated as of Mar 18 08:08 AM

A week before the central bank’s next policy-setting meeting, the BSP said the Fed’s rate hike is only one of several factors that Philippine policymakers look at. Read more »

S. Korea raises interest rate as inflation rises

Kyodo News
Posted at Nov 25 02:50 PM

The decision to lift the benchmark rate by 0.25 percentage point, the second hike in three months, came as inflation continues and household debts surge. Read more »

BSP seen hiking rates by 75 bps in 2022

ABS-CBN News
Posted at Nov 22 11:18 AM

The Bangko Sentral ng Pilipinas will keep its benchmark rate steady this year but is likely to hike rates by 75 basis points next year, Fitch Solutions said on Monday. Read more »

BSP panel keeps eye on ‘systemic risks’ from global recession

ABS-CBN News
Posted at Aug 26 07:04 PM

The BSP said its board-level Financial Stability Policy Committee met again to assess these risks, as well as identify further interventions in line with the transition to the "New Economy."   Read more »

Cuts in reserve requirements 'remain on the table', BSP Diokno says

ABS-CBN News
Updated as of Jun 29 11:18 AM

Cutting the reserve requirement ratio for banks "remains on the table," Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Monday, following a surprise cut in the benchmark interest rate last June 25.  Read more »