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Indonesia central bank cuts rates on virus worries

Agence France-Presse
Posted at Feb 20 06:43 PM

Indonesia's central bank cut a key interest rate and shaved its economic growth forecast Thursday as the deadly new coronavirus batters the country's tourism and aviation sectors. Read more »

China cuts loan rate as it battles coronavirus impact

Agence France-Presse
Updated as of Feb 20 03:17 PM

China on Thursday announced it would cut interest rates in a bid to boost the economy, as it battles the economic fallout of the new coronavirus outbreak.   Read more »

BSP: Virus fallout could shave 0.3 point off PH GDP

ABS-CBN News
Posted at Feb 15 01:06 AM

Despite mounting worries on COVID-19's impact on global supply chain, the Philippine central bank stands by its original forecast, that the country's growth will only suffer a 0.3 percentage drop.  Read more »

Diokno: Virus fallout could shave 0.3 point off Philippines GDP in first half

ABS-CBN News
Updated as of Feb 06 05:37 PM

The outbreak could slow tourist arrivals from China and remittances from Filipino expatriate workers there, Diokno said. Economic managers are aiming for 6.5 to 7.5 GDP growth for 2020.  Read more »

Bank of Thailand cuts rates to record low on coronavirus concerns

Kyodo News
Posted at Feb 05 08:54 PM

Thailand's central bank on Wednesday cut its key interest rate to a record low, as concerns mount over the impact of the coronavirus epidemic. Read more »

Bangko Sentral still eyeing at least 50 bps of rate cuts this year

Reuters
Posted at Jan 30 06:31 PM

The Bangko Sentral ng Pilipinas is still considering cutting its benchmark interest rate by at least 50 basis points this year, its governor said on Thursday.   Read more »

Fed seen to keep rates steady despite virus uncertainty

Heather Scott, Agence France-Presse
Posted at Jan 29 10:52 AM

The US economy is on a steady though tepid growth path, but the outbreak of the novel coronavirus that has spread to other countries has fueled concerns it could slow growth in China and the effects will spill over to the global economy. Read more »

PH central bank unfazed by gov't review of contracts

ABS-CBN News
Posted at Jan 24 11:11 PM

The Philippine central bank is staying calm amid growing worries over the high-profile review of business contracts in the country. Read more »

Asian stocks hold ground as China virus fears persist

Tomo Uetake, Reuters
Posted at Jan 24 12:19 PM

Markets had steadied overnight, as investors took some solace from the World Health Organization labelling the outbreak an emergency for China, where 25 people have died and at least 800 have been infected, but not, as yet, for the rest of the world. Read more »

Bangko Sentral warns public vs fake Facebook account, bank note designs

ABS-CBN News
Updated as of Jan 23 07:35 PM

The BSP made the warning after a picture of supposedly new banknote designs began circulating online after being posted by a fake central bank Facebook page.  Read more »

Bank lending, money supply expand in November

ABS-CBN News
Posted at Jan 08 07:11 PM

Bank lending and the amount of money circulating in the country's financial system both expanded in November, the Bangko Sentral said on Wednesday citing preliminary data. Read more »

Bangko Sentral to sell special P10,000 and P500 coins

ABS-CBN News
Updated as of Jan 10 05:49 PM

The Bangko Sentral ng Pilipinas will be selling special P10,000 and P500 commemorative coins to celebrate the 70th anniversary of central banking in the country. Read more »

Gross international reserves hit $88.9-B in December

ABS-CBN News
Updated as of Jan 07 07:12 PM

The Philippines' gross international reserves (GIR) reached a historic high of $87.86 billion at the end of December, the central bank said on Tuesday.  Read more »

Bangko Sentral keeps benchmark interest rate steady

ABS-CBN News
Updated as of Dec 12 05:30 PM

The Bangko Sentral ng Pilipinas kept the benchmark interest rate steady during its last policy meeting for the year, as it weighed the impact of previous actions on the economy. Read more »

Philippines can grow 6.5 percent in 2020 on 'double-headed stimulus': ING

ABS-CBN News
Updated as of Dec 04 04:02 PM

A "double-headed stimulus" of low borrowing costs and increased government spending can propel the Philippines' economic growth to 6.5 percent in 2020, ING said. Read more »

Inflation seen creeping up in November as base effect fades

Reuters
Posted at Dec 04 03:19 PM

Inflation likely quickened for the first time in six months in November on higher food prices and fading base effect, but the expected number will be below the central bank's comfort range for the year, a Reuters poll showed.  Read more »

BSP pushes for digital services, microfinancing for small businesses

Jessica Fenol, ABS-CBN News
Updated as of Nov 27 07:26 AM

The BSP aims to improve the exposure of micro, small and medium enterprises’ (MSMEs) to loans by supporting policies for innovative services, Diokno said in a speech during the 17th Citi Microentrepreneurship Awards.  Read more »

BSP eases bank reserve rules to inject more cash into economy

ABS-CBN News
Updated as of Nov 26 09:54 AM

After the Philippine central bank adopted a new definition of deposit substitutes, local banks are now eager to see how that new policy will inject more money into the country's economy. Read more »

Big central banks move to wait-and-see mode

Howard Schneider, Francesco Canepa and Leika Kihara, Reuters
Posted at Nov 03 08:26 PM

It is an easing wave that appears to have crested for now. Read more »

Indonesian central bank cuts policy rate by 25 basis points

Kyodo News
Posted at Oct 24 06:59 PM

Indonesia's central bank on Thursday cut its benchmark interest rate for the fourth straight month in an attempt to boost domestic economic growth. Read more »