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China leaves lending benchmark unchanged but rate hike expectations grow

Reuters
Posted at Dec 21 03:06 PM

The one-year loan prime rate was kept at 3.85 percent, while the five-year LPR remained at 4.65 percent. The rates have been unchanged for eight straight months. Read more »

Series of storms seen pushing Nov inflation to 3 pct

ABS-CBN News
Posted at Nov 30 04:17 PM

The series of strong storms that hit the Philippines in October and November will likely accelerate this month’s inflation, and affect even prices in December, an analyst said on Monday.  Read more »

Bangko Sentral makes surprise rate cut as economic slump continues

ABS-CBN News
Updated as of Nov 19 05:40 PM

The Bangko Sentral ng Pilipinas made a surprise 25 basis points policy rate cut on Thursday, bringing the overnight reverse repurchase facility to a new historic low of 2 percent. Read more »

BSP not rushing to cut rates despite steep GDP contraction in third quarter

ABS-CBN News
Posted at Nov 12 12:45 PM

The Bangko Sentral ng Pilipinas said Thursday it is not going to rush new rate cuts despite the Philippine economy's worse than expected contraction in the third quarter. Read more »

Bangko Sentral should weaken peso to stimulate economy: economist

ABS-CBN News
Posted at Nov 09 01:27 PM

The Bangko Sentral ng Pilipinas should weaken the peso to stimulate the economy as simply easing monetary policy does not work during recessions, an economist said on Monday.  Read more »

Cap on credit card interest rate, fees takes effect Nov. 3: BSP

ABS-CBN News
Updated as of Nov 03 08:07 PM

Credit card companies may charge interest or finance charge up to only 24 percent yearly, or a monthly interest rate of up to 2 percent on all transactions. Read more »

Singapore's economy shrinks at slower pace as virus curbs eased

Agence France-Presse
Posted at Oct 14 10:06 AM

Singapore's coronavirus-hit economy shrank at a slower pace in the third quarter as restrictions were eased, official data showed Wednesday, but the trade-reliant city-state still faces a long road to recovery. Read more »

BSP keeps key rates steady for second straight session

ABS-CBN News
Updated as of Oct 01 04:38 PM

The Bangko Sentral ng Pilipinas on Thursday kept the key interest rate at a record-low 2.25 percent as the economy continues to gradually reopen following the lockdowns to curb the spread of the virus.   Read more »

Credit card interest rate cap to bring 'unintended' impact to consumers: group

ABS-CBN News
Posted at Sep 28 01:35 PM

The cap on credit card interest rate to 2 percent per month also has an "unintended" consequences for card holders in the long run as banks are likely to cut some costs to offset foregone revenue, the Credit Card Association of the Philippines said Monday.  Read more »

BSP interest cap to bring immediate savings to credit card holders

Aneth Ng-Lim
Posted at Sep 28 08:37 AM

Some 9 million consumers can look forward to a kinder November for their wallet, thanks to the welcome move of the Bangko Sentral ng Pilipinas (BSP) to cap credit card interest rates. Read more »

Credit card interest rate cap 'eases burden' of Filipinos hit by pandemic: BAP

ABS-CBN News
Posted at Sep 25 11:53 AM

The cap on credit card interest rate will help reduce the burden of Filipinos reeling from the impact of the COVID-19 pandemic, the Bankers Association of the Philippines said Friday.    Read more »

Bangko Sentral caps credit card interest rates at 2 percent per month

Warren de Guzman, ABS-CBN News
Posted at Sep 24 06:21 PM

The Bangko Sentral ng Pilipinas said Thursday it is capping the interest rate that banks are allowed to charge for credit cards at 24 percent per annum starting Nov. 3.  Read more »

Bank of England eyes negative interest rates

Agence France-Presse
Posted at Sep 17 09:07 PM

The Bank of England on Thursday gave its strongest hint yet that negative interest rates could be on the way as the UK economy battles against coronavirus and Brexit headwinds.   Read more »

Bankers, business groups support proposed cap on credit card interest rates

ABS-CBN News
Posted at Aug 25 02:35 PM

Business and industry groups said Tuesday they were "supportive" of the Bangko Sentral ng Pilipinas' proposal to put a cap on credit card interest rates. Read more »

Bangko Sentral mulls 'cap' on credit card interest rates

ABS-CBN News
Updated as of Aug 24 11:10 AM

Bangko Sentral ng Pilipinas Gov. Benjamin Diokno said Monday they are eyeing to put a cap on credit card interest rates to be at par with its Asian neighbors. Read more »

BSP pauses, keeps key rates unchanged after 4 cuts in a row

ABS-CBN News
Updated as of Aug 20 05:05 PM

The Bangko Sentral ng Pilipinas on Thursday kept the overnight borrowing rates steady at 2.25 percent as the newly downgraded COVID-19 restrictions stepped up the gas for economic recovery.  Read more »

Bangko Sentral raises banks' real estate loan limit

ABS-CBN News
Posted at Aug 20 01:17 PM

The Bangko Sentral ng Pilipinas said Thursday it raised the real estate loan limit of universal and commercial banks to infuse more liquidity for real estate lending.  Read more »

'No compelling reason' for further policy cut despite plunging into recession: BSP

ABS-CBN News
Updated as of Aug 10 10:29 AM

Bangko Sentral ng Pilipinas Gov. Benjamin Diokno said Monday there was "no compelling reason" for further policy rate cut despite the steep economy nosedive into recession due to the coronavirus pandemic.  Read more »

July inflation likely within 2.2 to 3 percent range: BSP think tank

ABS-CBN News
Posted at Jul 30 03:57 PM

Inflation likely settled within 2.2 to 3 percent range in July, the Bangko Sentral ng Pilipinas' Department of Economic Research said Thursday.    Read more »

Bangko Sentral gets 'ahead of the game' with surprise rate cut: economist

ABS-CBN News
Posted at Jun 26 09:39 AM

The Bangko Sentral ng Pilipinas' surprise key interest rate cut would ensure that the environment is conducive enough for growth as more lockdown restrictions ease, an economist said Friday. Read more »