Topic page on {?keyword?} | ABS-CBN News

BSP seen to further cut rates as inflation cools

ABS-CBN News
Updated as of Jul 20 02:23 AM

The Philippine central bank is expected to further cut interest rates as the country's inflation continues to ease. Read more »

Dakila takes oath as new BSP Deputy Governor, succeeds Guinigundo

ABS-CBN News
Posted at Jul 11 06:42 PM

Bangko Sentral ng Pilipinas Governor Benjamin Diokno administered the oath of office on Thursday to Francisco Dakila Jr. as BSP Deputy Governor.  Read more »

FDI net inflows down 11.8 percent in April

ABS-CBN News
Updated as of Jul 10 05:01 PM

The Philippines booked $961 million in net inflows of foreign direct investments in April, down 11.8 percent from the same month a year ago.  Read more »

Collapsing bond yields push world stocks to new highs

Tom Wilson, Reuters
Posted at Jul 05 08:16 AM

Germany's 10-year government bond yield, a benchmark for euro zone debt, fell to -0.4 percent and matched the European Central Bank's deposit rate for the first time -- a sign that markets are expecting rate cuts. Read more »

BSP hopes for support from new Congress in legislative agenda push

ABS-CBN News
Posted at Jul 04 12:23 PM

MANILA - The Central Bank Governor on Thursday hopes to get the support of both chambers of Congress in pushing for its legislative agenda. Read more »

BSP projects June inflation rate at 2.2-3 pct within target

ABS-CBN News
Updated as of Jul 04 10:17 AM

MANILA - The Bangko Sentral ng Pilipinas (BSP) on Thursday projected that the inflation rate in June will still fall within the government's target. Read more »

Inflation seen resuming downward trend in June: poll

Reuters
Posted at Jul 03 03:09 PM

Philippine annual inflation likely resumed its downward trend in June after a slight uptick the previous month due to lower rice and fuel prices and a stronger peso, a Reuters poll showed. Read more »

IMF's Lagarde 'honored' to be tapped to head European Central Bank

Agence France-Presse
Posted at Jul 03 09:08 AM

EU leaders announced a deal to fill the top positions in the political and economic bloc, including picking Lagarde to succeed ECB chief Mario Draghi, whose single, eight-year term ends in November. Read more »

BSP keeps interest rates steady as inflation stabilizes

ABS-CBN News
Updated as of Jun 20 06:13 PM

The Bangko Sentral ng Pilipinas kept interest rates steady on Thursday, with inflation seen stabilizing. Read more »

Global stocks rally on G20 hopes, dovish ECB

John Biers, Agence France-Presse
Posted at Jun 19 07:44 AM

Hopes were raised that long-running trade talks between Washington and Beijing may yet yield an agreement after US President Donald Trump said he had a "good" conversation with China's Xi Jinping and would hold an "extended meeting" at the Group of 20 summit in Japan later this month. Read more »

Banks bullish on growth of sector, PH economy: BSP survey

ABS-CBN News
Posted at Jun 13 03:45 PM

Banks remain bullish about the growth of the industry and the expansion of the Philippine economy, the Bangko Sentral ng Pilipinas said Thursday.  Read more »

Net inflows of foreign direct investments fell in first quarter

ABS-CBN News
Posted at Jun 10 05:35 PM

Net inflows of foreign direct investments (FDI) in the Philippines fell in the first three months of the year, the Bangko Sentral ng Pilipinas said Monday.  Read more »

PH posts balance of payments surplus in April

ABS-CBN News
Posted at May 20 03:19 PM

The Philippines posted a balance of payments surplus of $467 million in April, reversing a $270 million deficit posted in the same month last year.  Read more »

Cooling inflation, growth raise chance of cut in benchmark rate, RRR: Reuters poll

Karen Lema, Reuters
Updated as of May 06 09:52 PM

Inflation in the Philippines likely eased for a sixth straight month in April, giving the Bangko Sentral ng Pilipinas (BSP) leeway to ease monetary policy to support a slowing economy, a Reuters poll showed.  Read more »

PH books $627-M balance of payments surplus in March

ABS-CBN News
Posted at Apr 17 04:25 PM

The Philippines booked a balance of payments (BOP) surplus of $627 million in March 2019, the Bangko Sentral ng Pilipinas said Wednesday.  Read more »

World stocks, euro inch higher on ECB stance

Herbert Lash, Reuters
Posted at Apr 11 08:13 AM

ECB President Mario Draghi confirmed policymakers were considering whether measures are needed to mitigate the impact on European banks of the central bank's negative deposit rates. Read more »

FDI net inflows lower in January

ABS-CBN News
Posted at Apr 10 03:28 PM

The Philippines booked $609 million in net inflows of foreign direct investments (FDI) in January, down 38.2 percent from the same month last year, according to central bank data. Read more »

Bangko Sentral sees no asset bubbles in property sector

ABS-CBN News
Posted at Mar 27 12:03 AM

The Bangko Sentral ng Pilipinas allayed concerns an asset bubble was forming amid the pace of credit growth due to strong demand for real estate in the country. Read more »

PH posts $467-M balance of payments surplus in February

ABS-CBN News
Posted at Mar 19 09:28 PM

The Philippines booked a balance of payments (BOP) surplus of $467 million in February, a reversal of the $429 million deficit posted in the same month last year, the Bangko Sentral ng Pilipinas said Tuesday.  Read more »

FDI net inflows down 4.8 pct in December

ABS-CBN News
Updated as of Mar 11 07:53 PM

The Bangko Sentral ng Pilipinas said net inflows of foreign direct investments (FDI) reached $677 million in December last year, which was lower by 4.8 percent compared to the previous period.  Read more »