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Bangko Sentral pauses interest rate cuts

ABS-CBN News
Posted at Nov 14 04:08 PM

The overnight borrowing rate, used by banks to price loans was kept at 4 percent. The Monetary Board last cut the benchmark by 25 basis points last Sept. 26, for a total of 75 basis points this year. Read more »

Economic growth momentum rests on budget passage: analyst

ABS-CBN News
Updated as of Nov 11 12:52 PM

Gross domestic product grew 6.2 percent in the third quarter, on the back of a recovery in government spending that was weight down by the delayed approval of the 2019 budget. Read more »

'On a roll': Malacañang upbeat with country's GDP growth rebound in Q3

ABS-CBN News
Posted at Nov 07 09:27 PM

Malacañang on Thursday said it was 'pleased' with the country's gross domestic product (GDP) in the third quarter, which grew 6.2 percent in the July to September period. Read more »

GDP growth rebounds in Q3 as gov't revs up spending

ABS-CBN News and Reuters
Updated as of Nov 07 10:42 AM

Separate polls by Bloomberg and Reuters both gave a median forecast of 6 percent growth for the July to September period. Read more »

Bangko Sentral ends interest rate, reserve requirement cutting for 2019

ABS-CBN News
Updated as of Nov 04 02:55 PM

The central bank will "pause for a while" after slashing the benchmark interest rate by 75 basis points, bringing it to 4 percent, and reducing the reserve requirement ratio for banks to 14 percent, Diokno told ANC. Read more »

Bangko Sentral seen to pause rate cuts for 'extended period'

ABS-CBN News
Updated as of Oct 25 03:32 PM

The BSP slashed the overnight borrowing rate by a total 75 basis points, bringing it to 4 percent. The last of 3 25-point cuts was announced last Sept. 26. Read more »

Diokno says 2020 inflation risks tilt to 'upside' due to swine fever, oil

ABS-CBN News
Updated as of Oct 25 11:37 AM

For the rest of 2019, Diokno said inflation would stay within the "lower half" of the BSP's 2 to 4 percent target.  Read more »

Bangko Sentral cuts interest rates for third time this year

ABS-CBN News
Updated as of Sep 26 07:36 PM

The Bangko Sentral ng Pilipinas cut the benchmark interest rate on Thursday amid expectations of cooling inflation slowing growth. Read more »

PH growth to finish 'strong' this year as state spending recovers: ING

ABS-CBN News
Posted at Aug 16 12:18 PM

Of the P1.69 billion that was released by the the Department of Budget and Management as of end July, 93 percent or P1.57 billion was utilized, compared to 73 percent utilization during the same period in 2018, ING Bank economist Nicholas Mapa said. Read more »

Interest rate cut seen to help 'jumpstart' growth: economist

ABS-CBN News
Posted at Aug 12 10:30 AM

Investors are expecting a 100-basis point cut in the reserve ratio requirement for banks after the BSP cut the benchmark lending rate by 25 basis points, said Security Bank chief economist Robert Dan Roces. Read more »

Palace seeks 'timely' passage of 2020 national budget

Arianne Merez, ABS-CBN News
Posted at Aug 09 03:57 PM

Malacañang called on lawmakers Friday to pass the 2020 national budget on time to keep the economic growth momentum. Read more »

BSP's Diokno: Banks' reserve requirement may be cut in September

Cathy Yang, ABS-CBN News
Posted at Aug 09 03:41 PM

A cut in the RRR, which would increase liquidity in the financial system, "is always on the table," Diokno said, adding his goal was to reduce it to "single digit" by the end of his term. Read more »

Fitch keeps GDP growth forecast for Philippines

ABS-CBN News
Posted at Aug 09 09:55 AM

The country's gross domestic product grew 5.5 percent in the second quarter, the lowest in 4 years, due to the delayed passage of the 2019 budget, officials said Thursday. The Bangko Sentral ng Pilipinas cut the benchmark borrowing rate by 25 basis points on the same day. Read more »

Bangko Sentral cuts interest rates with GDP growth at 4-year low

ABS-CBN News
Updated as of Aug 08 07:12 PM

The Bangko Sentral ng Pilipinas cut the benchmark interest rate on Thursday amid slowing inflation and weakening growth.  Read more »

'Pro-growth' Diokno will 'do the right thing' on policy, Pernia says

ABS-CBN News
Posted at Aug 08 11:32 AM

Economists expect the BSP to resume its rate-cutting cycle later Thursday with a 25-basis point reduction in the benchmark borrowing rate. The country's GDP grew 5.5 percent in the second quarter, falling below the 5.9-percent media forecast of economists. Read more »

Philippines GDP grows at slowest pace in 4 years

ABS-CBN News
Updated as of Aug 08 11:58 AM

It was the second straight quarter that GDP growth came in below 6 percent. A delay in the passage of the 2019 budget slowed economic expansion in the January to March period.   Read more »

'Simplify,' Duterte tells agencies as he targets red tape

ABS-CBN News
Posted at Jul 22 05:54 PM

Duterte made his fourth annual address to the nation before a joint session of address as inflation cooled and as his economic managers moved to revive economic growth momentum. Read more »

Recto seeks cap on PH debt

Dharel Placido, ABS-CBN News
Updated as of Jul 19 09:13 PM

MANILA - Sen. Ralph Recto filed a bill seeking to put a cap on the Philippines’ debt at 50 percent of the gross domestic product. Read more »

Dissecting Data: Philippine economy under Duterte

ABS-CBN News
Posted at Jul 19 04:51 PM

How did the country's economy perform under 3 years of President Rodrigo Duterte in terms of foreign direct investment, gross domestic product growth and employment? Read more »

China Q2 GDP grows 6.2 pct year-on-year, in line with expectations

Reuters
Posted at Jul 15 10:53 AM

China's economic growth slowed to 6.2 percent in the second quarter from a year earlier, the weakest pace in at least 27 years, as demand at home and abroad faltered amid an escalating trade war with the United States.   Read more »