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'Too low for too long': Analyst backs interest rate hike in May

ABS-CBN News
Updated as of May 13 11:47 AM

It would be "wise" for the BSP to implement an interest rate hike in May, BPI lead economist Jun Neri said. Read more »

PH debt-to-GDP ratio balloons to 63.5 pct in March

ABS-CBN News
Updated as of May 13 10:06 AM

The Philippines' debt-to-GDP ratio ballooned to 63.5 percent in March from 60.4 percent in December, government data showed. Read more »

PH debt hits P12.68 trillion by end March 2022

ABS-CBN News
Updated as of May 05 02:23 PM

The Philippines' sovereign debt hit P12.68 trillion at the end of March 2022, the Bureau of Treasury said Thursday. Read more »

Bank lending expands in February

ABS-CBN News
Posted at Mar 31 04:59 PM

BSP said said the outstanding loans of universal and commercial banks, net of reverse repurchase placements, grew 8.8 pct year-on-year in February. Read more »

BSP keeps benchmark rate at 2 percent

ABS-CBN News
Updated as of Mar 24 03:59 PM

The Bangko Sentral ng Pilipinas on Thursday kept the country's benchmark interest rate at a record low 2 percent. Read more »

Philippine debt hits P12.03 trillion in January 2022

ABS-CBN News
Posted at Mar 04 10:38 AM

The national government debt has reached P12.03 trillion as of the end of January, the Bureau of Treasury said Friday. Read more »

BSP keeps benchmark rate unchanged

ABS-CBN News
Updated as of Feb 17 04:00 PM

The Bangko Sentral ng Pilipinas on Thursday kept the benchmark rate unchanged as inflation eases and as the economy continues to recover. Read more »

Philippine debt hits P11.73 trillion in 2021

ABS-CBN News
Updated as of Feb 01 06:08 PM

The Philippines' debt hit P11.73 trillion, pushing the debt-to-GDP ratio slightly higher for the year, data from the Bureau of Treasury released Tuesday showed. Read more »

China cuts rates on policy loans, analysts point to more easing ahead

Reuters
Updated as of Jan 17 11:30 AM

China's central bank on Monday unexpectedly cut the borrowing costs of its medium-term loans for the first time since April 2020, while some market analysts expect more policy easing this year to cushion an economic slowdown. Read more »

BSP seen to 'gradually' tighten monetary policy in 2022

Jessica Fenol, ABS-CBN News
Posted at Dec 17 01:34 PM

The Bangko Sentral ng Pilipinas could begin gradually tightening monetary policy in 2022 by bringing interest rate to 2.75 by the end of next year, Fitch Solutions said Friday. Read more »

BSP maintains interest rate at 2 percent

Jessica Fenol and Warren De Guzman, ABS-CBN News
Updated as of Dec 16 05:19 PM

The Bangko Sentral ng Pilipinas on Thursday said the Monetary Board has decided to keep interest rate at its record low of 2 percent. Read more »

Bank lending expands anew in October

ABS-CBN News
Posted at Dec 01 12:00 PM

The outstanding loans of universal and commercial banks, net of reverse repurchase (RRP) placements with the Bangko Sentral ng Pilipinas increased faster at 3.5 percent in October, data from the central bank showed. Read more »

BSP approves $4.66B public sector foreign borrowings in Q3

ABS-CBN News
Posted at Oct 12 11:21 AM

The Monetary Board has approved a total of $4.66 billion public sector foreign borrowings in the third quarter of 2021, the central bank said Tuesday. Read more »

'Gradual BSP policy adjustments likely to start in 2022'

ABS-CBN News
Posted at Sep 30 08:16 PM

The Bangko Sentral ng Pilipinas is likely to raising interest rates next year, anchored mainly to the inflation dynamics, former BSP Deputy Governor Diwa Guinigundo said Thursday. Read more »

Okay bang kumuha ng co-branded credit card?

Moneymax.ph
Posted at Jun 14 08:39 AM

Meron ka bang favorite brand of clothing? What about a go-to mall or restaurant? Isang airline lang din ba ang gamit mo when booking flights? Siguro panahon ng kumuha ng co-branded credit card nila para mas sulit ang bawat gastos mo. Alamin kung ano ito plus the perks and privileges sa guide na ito. Read more »

When ‘strangers’ come borrowing money

Aneth Ng-Lim
Posted at May 24 12:35 PM

It’s been years since I last spoke with a former work colleague, so getting a message from him saying hello was unexpected. Being polite, I had to reply and was surprised that his next message was requesting to borrow money. Read more »

Credit card cash advance: Risky ba ito?

Moneymax.ph
Posted at May 06 09:50 AM

Maliban sa pagiging convenient payment option ngayong may pandemic, madali ring source of funds ang credit card. Pwede kang magwithdraw ng pera sa ATM gamit ang credit card mo and in an instant, makakatanggap ka na ng credit card cash advance. Pero ang tanong: dapat ka bang kumuha ng cash advance? Alamin ang risks ng pagkuha nito in this short guide Read more »

IMF, World Bank begin push to swap debt relief for green projects

Delphine Touitou, Agence France-Presse
Posted at Apr 12 08:29 AM

Low-income countries face a double crisis -- they are under pressure to pay down their debt while also confronting environmental problems. Read more »

Bangko Sentral keeps cap on credit card interest rate, monthly add-ons

ABS-CBN News
Posted at Apr 08 05:27 PM

The maximum credit card interest rate or finance charges on unpaid outstanding balance were kept at 2 percent per month or 24 percent per year. Read more »

BSP: PH external debt rose by $6.5-B in Q4 2020, stood at $98.5-B at year’s end

ABS-CBN News
Posted at Mar 20 05:14 AM

The Philippines’ outstanding external debt stood at $98.5 billion by end of 2020, the country’s central bank said Friday, amid heavy borrowing by government to finance its COVID-19 response.  Read more »