central-bank | ABS-CBN News

Bank lending up 13.4 pct in Sept: BSP

ABS-CBN News
Posted at Oct 31 04:48 PM

Lending by universal and commercial banks grew 13.4 percent year-on-year in September, the Bangko Sentral said on Monday citing preliminary data. Read more »

Inflation to range 7.1 to 7.9 pct in October: BSP

ABS-CBN News
Posted at Oct 31 03:34 PM

The Bangko Sentral ng Pilipinas on Monday said it expects October inflation to settle within the range of 7.1 to 7.9 percent. Read more »

ECB unveils another jumbo rate hike to tackle inflation

Michelle Fitzpatrick, Agence France-Presse
Posted at Oct 27 09:25 PM

The European Central Bank on Thursday rolled out another bumper rate hike to combat soaring inflation, despite growing concern that the eurozone is hurtling towards a painful recession. Read more »

PH books $367-M ‘hot money’ net outflows in Sept: BSP

ABS-CBN News
Posted at Oct 27 03:27 PM

The BSP said outflows reached $1.259 billion last month while inflows reached $892 million. Read more »

UN body bats for central bank digital currencies

Warren de Guzman, ABS-CBN News
Posted at Oct 26 08:41 PM

A UN body recommended on Wednesday that countries hasten the adoption of central bank digital currencies (CBDCs) to increase financial inclusion. Read more »

ECB again eyes jumbo rate hike to tame inflation

Michelle Fitzpatrick, Agence France-Presse
Posted at Oct 24 02:10 PM

Inflation in the 19-nation eurozone climbed to an all-time high of nearly 10 percent in September, five times the ECB's target of two percent. Read more »

S. Korea lifts key rate to 3 pct to tame inflation

Kyodo News
Posted at Oct 12 01:40 PM

South Korea's central bank raised its benchmark interest rate on Wednesday by a half percentage point to 3 percent. Read more »

Australia hikes rates less than forecast, boosting stocks

Agence France-Presse
Posted at Oct 04 02:59 PM

Australia raised interest rates less than expected Tuesday, boosting stocks and dragging the local dollar lower. Read more »

Dollar softens after rally but Asian stocks struggle to recover

ABS-CBN News
Posted at Sep 27 01:47 PM

The dollar lost a little of its strength Tuesday after starting the week by surging against major peers, including a record high versus the pound, though equity traders struggled to claw back recent losses owing to recession fears. Read more »

Asian markets suffer further losses as central banks turn screws

Agence France-Presse
Posted at Sep 23 11:48 AM

Asian markets fell again Friday as part of a global sell-off fuelled by recession fears after central banks around the world ramped up interest rates to fight decades-high inflation. Read more »

Bank of England hikes rate again as UK enters recession

Roland Jackson, Agence France-Presse
Posted at Sep 22 09:20 PM

The Bank of England hiked its interest rate again on Thursday to combat soaring inflation as it warned that the UK's economy had already slipped into recession. Read more »

Japan central bank keeps ultralow rates, yen falls

Kyodo News
Posted at Sep 22 08:52 PM

The Bank of Japan on Thursday maintained its ultralow rate policy to support the pandemic-hit economy as widely expected. Read more »

Indonesia hikes rates for second straight month to stem inflation

ABS-CBN News
Posted at Sep 22 05:51 PM

Indonesia's central bank hiked its key interest rate for the second month in a row Thursday to combat rising inflation stoked by fuel prices and the war in Ukraine. Read more »

Rate hikes: a double-edged sword for central banks

Ali Bekhtaoui, Agence France-Presse
Posted at Sep 20 08:42 AM

Central banks worldwide are using aggressive interest rate hikes to lasso galloping inflation, at the risk of pulling down the global economy with it. Read more »

PH gross reserves fall as BOP deficit rises in August

ABS-CBN News
Posted at Sep 19 06:46 PM

The Philippines' gross international reserves fell further in August as the country's balance of payments deficit widened again, the Bangko Sentral ng Pilipinas said. Read more »

PESONet, InstaPay transactions reach P5.37-T in first 7 months

ABS-CBN News
Posted at Sep 15 02:28 PM

The combined value of electronic transfers PESONet and InstaPay reached over P5.37 trillion in the first seven months of the year, BSP data showed. Read more »

Euro slides as Fed chief steals ECB's rate hike thunder

Agence France-Presse
Posted at Sep 09 08:37 AM

The euro slid on Thursday against the dollar despite a record interest rate hike by the European Central Bank as Federal Reserve chief Jerome Powell also signaled a tough approach against inflation. Read more »

ECB makes historic rate hike to battle record inflation

Sebastien Ash, Agence France-Presse
Updated as of Sep 08 10:05 PM

The European Central Bank announced the largest rate hike in its history Thursday, as runaway energy prices drove eurozone inflation to new heights. Read more »

ECB poised for big rate hike in face of record inflation

Sebastien Ash, Agence France-Presse
Posted at Sep 05 07:16 PM

After raising interest rates for the first time in over a decade at their last meeting, European Central Bank policymakers are poised to deliver another bumper hike. Read more »

Petrolyo may rollback susunod na linggo

ABS-CBN News
Posted at Sep 02 05:37 PM

Inaasahang bababa ang presyo ng petrolyo sa world market, ayon sa mga taga-industriya. Read more »