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Hawkish Fed fuels dollar, leaves stocks and bonds bruised

Marc Jones, Reuters
Posted at Jun 17 09:19 PM

World equities were heading for their biggest fall in weeks on Thursday after the US Federal Reserve startled investors by signaling it might raise interest rates at a much faster pace than assumed, sending bond yields and the dollar sharply higher.   Read more »

Fed signals higher rates in 2023, bond-buying taper talks as virus fades

Reuters
Updated as of Jun 17 12:49 PM

The Federal Reserve on Wednesday began closing the door on its pandemic-driven monetary policy as officials projected an accelerated timetable for interest rate increases, opened talks on how to end crisis-era bond-buying, and said the 15-month-old health emergency was no longer a core constraint on US commerce.   Read more »

Fed expected to signal start of monetary policy shift debate

Howard Schneider, Reuters
Posted at Jun 16 03:00 PM

Federal Reserve officials on Wednesday are expected to at least flag the pending start of talks about when and how to exit from the crisis-era policies the US central bank put in place at the onset of the coronavirus pandemic last year. Read more »

‘Too big to fail’ banks remain on solid footing despite pandemic: BSP

Warren de Guzman, ABS-CBN News
Posted at Jun 10 08:56 PM

The Bangko Sentral ng Pilipinas said it is monitoring the health of banks considered “too big to fail” but sees no cause for worry despite the disruptions caused by the COVID-19 pandemic. Read more »

SEC backs changes to bank secrecy law

ABS-CBN News
Posted at Jun 10 04:26 PM

The Securities and Exchange Commission said Thursday it is backing amendments to the Bank Secrecy Law to help its efforts against financial crimes. Read more »

As Fed taper looms, global central banks eye their own exits from stimulus

Leika Kihara, Mfuneko Toyana and Karin Strohecker, Reuters
Posted at Jun 10 01:08 PM

The more vulnerable emerging market central banks, such as Brazil, Ghana and Armenia, have already started their tightening cycle on rising inflation pressures.  Read more »

S&P Global Ratings affirms Philippines' investment grade BBB+ rating

ABS-CBN News
Posted at May 27 08:40 PM

Debt watcher S&P Global Ratings affirmed on Thursday the Philippines’ investment-grade credit rating of BBB+ with a stable outlook, saying the country’s economy was beginning to recover from the disruptions of the COVID-19 pandemic.    Read more »

Philippines posts $2.6 billion BOP surplus in April

ABS-CBN News
Posted at May 26 06:31 PM

The Philippines posted a balance of payments surplus of $2.61 billion in April, higher than the $1.67 billion BOP surplus recorded in the same month last year, the Bangko Sentral ng Pilipinas said Wednesday.  Read more »

HSBC CEO says Bitcoin not for us

Lawrence White and Rachel Armstrong, Reuters
Posted at May 25 08:57 AM

HSBC has no plans to launch a cryptocurrency trading desk or offer the digital coins as an investment to customers, because they are too volatile and lack transparency, its Chief Executive Noel Quinn told Reuters. Read more »

BSP chief says Philippines won’t exceed debt thresholds

Warren de Guzman, ABS-CBN News
Posted at May 20 05:03 PM

The Philippines' debt situation is under control and the country will not exceed its borrowing threshold, the head of the Bangko Sentral ng Pilipinas said on Thursday.  Read more »

Cash remittances hit $2.5 billion in March, up 4.9 percent

ABS-CBN News
Posted at May 17 04:17 PM

Cash remittances from overseas Filipinos rose 4.9 percent to $2.514 billion in March, from $2.397 billion in the same month last year, the Bangko Sentral ng Pilipinas said on Monday. Read more »

Bangko Sentral keeps key rate steady to support recovery

ABS-CBN News
Updated as of May 12 09:01 PM

The BSP kept its overnight reverse repurchase rate at a record low of 2 percent as the Philippines continued to struggle with the surge in COVID-19 cases that threatens economic recovery.  Read more »

BSP to keep rates steady; economy remaining in recession: Reuters poll

Reuters
Posted at May 10 03:59 PM

The Bangko Sentral ng Pilipinas is expected to keep its benchmark interest rate at a record low on Thursday, after the economy likely contracted for a fifth straight quarter in the January to March period, a Reuters poll showed. Read more »

The great exit: central banks line up to taper emergency stimulus

Reuters
Posted at May 07 03:11 PM

The Bank of England's decision on Thursday to slow the pace of its bond-buying makes it the second central bank from a G7 economy to begin the slow exit from pandemic-era money-printing stimulus schemes. Read more »

Bangko Sentral 'studying' central bank-issued digital currency, says Deputy Gov

ABS-CBN News
Posted at May 07 11:13 AM

The Bangko Sentral ng Pilipinas is "studying" central bank-issued digital currencies and comparing notes with its counterparts to see its viability, an official said Friday.    Read more »

Bank of Japan lifts growth forecast, keeps policy unchanged

Agence France-Presse
Posted at Apr 27 02:46 PM

Japan's central bank on Tuesday raised its growth forecasts for the world's third-largest economy, citing expected stronger demand, and left its ultra-loose monetary policy in place. Read more »

Asian shares shake off US tax fears; cryptocurrencies slump

Andrew Galbraith, Reuters
Posted at Apr 23 03:33 PM

Modest moves in equities markets contrasted with ructions in cryptocurrencies as investors fretted over the impact of tax changes.   Read more »

Expanded access to satellite technology to boost digitalization in PH: BSP

Bruce Rodriguez, ABS-CBN News
Posted at Apr 15 06:10 PM

The Bangko Sentral ng Pilipinas said Thursday the measure meant to expand internet providers' access to satellite services will "contribute" to its financial inclusion and digitalization goals. Read more »

FIST to let Philippine banks offload billions in bad debts in next 2 years: BSP

Bruce Rodriguez, ABS-CBN News
Posted at Mar 29 08:39 PM

Philippine banks which were badly affected by the COVID-19 pandemic will get a much-needed boost from the implementation of the Financial Institutions Strategic Transfer (FIST) Act, which will let them offload billions of pesos of bad debts. Read more »

Bangko Sentral says inflation manageable, vows to keep support for economy

ABS-CBN News
Updated as of Mar 24 04:11 PM

BSP Governor Benjamin Diokno said monetary policy will continue to remain supportive of economic activity to ensure sustained recovery.  Read more »