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Bangko Sentral keeps interest rate at 2 percent

ABS-CBN News
Updated as of Sep 23 06:54 PM

The Bangko Sentral ng Pilipinas on Thursday kept the benchmark policy rate steady at 2 percent. Read more »

US Fed preparing to remove stimulus 'soon' despite slower recovery

Heather Scott, Agence France-Presse
Posted at Sep 23 08:40 AM

The closely-watched announcement left policy unchanged for now, but new forecasts from central bankers show they expect the first interest rate increase next year. Read more »

BSP seen keeping rates low for extended period

Jessica Fenol, ABS-CBN News
Posted at Sep 22 03:15 PM

The BSP is likely to maintain an accommodative monetary policy for an "extended period of time," an official of Citi Philippines said. Read more »

Bangko Sentral keeps interest rates steady

ABS-CBN News
Updated as of Aug 13 03:42 PM

The Bangko Sentral ng Pilipinas kept its overnight reverse repurchase rate steady at the record low 2 percent in line with analysts' forecasts. Read more »

Interest rate adjustment, RRR cut untimely: BSP

ABS-CBN News
Updated as of Aug 09 03:50 PM

Raising key borrowing rates and reducing the reserve requirement for banks at this time is "untimely" and would be counterproductive in fostering economic growth, Bangko Sentral Governor Benjamin Diokno said Monday. Read more »

Bank lending declines in June, slower than previous month: BSP

ABS-CBN News
Posted at Jul 30 04:32 PM

Consumer loans to residents dropped by 8.6 percent in June from a 9.2 percent decrease in May "as motor vehicle loans and salary-based consumption loans declined further," the central bank said. Read more »

Delta variant spread could delay Fed policy shift: BSP chief

Warren de Guzman, ABS-CBN News
Posted at Jul 15 05:06 PM

The spread of COVID-19’s delta variant could delay moves by the US Federal Reserve to shift monetary policy, the head of the Bangko Sentral ng Pilipinas said on Thursday. Read more »

RCBC eyes digital banking license to boost profits, official says

Bruce Rodriguez, ABS-CBN News
Updated as of Jun 30 10:33 AM

Rizal Commercial Banking Corp has plans to apply for a digital banking license, its president and CEO Eugene Acevedo said Tuesday. Read more »

Bangko Sentral keeps key interest rates unchanged

ABS-CBN News
Updated as of Jun 24 05:09 PM

The Bangko Sentral ng Pilipinas on Thursday kept key interest rates steady in line with analysts' expectations. Read more »

Bangko Sentral to keep benchmark rate at record low: Reuters poll

Reuters
Posted at Jun 24 01:28 PM

The poll comes after BSP Governor Benjamin Diokno's recently said monetary policy would remain accommodative as long as necessary, brushing aside for now any implications if the US Federal Reserve opts for policy tightening. Read more »

Fed chairman's testimony shows Biden's economic plan working: White House

Reuters
Posted at Jun 23 09:15 AM

Congressional testimony from Federal Reserve Board Chairman Jerome Powell on Tuesday shows that President Joe Biden's economic plan is working, a White House official said. Read more »

Philippines 'ready' if US increases interest rates: central bank

ABS-CBN News
Posted at Jun 08 10:41 AM

The Philippines is ready should the United States increase its interest rates, the central bank said Tuesday. Read more »

Inflation steady at 4.5 percent in May

ABS-CBN News
Updated as of Jun 04 12:57 PM

Inflation remained unchanged for the third straight month in May, reflecting the stable prices of basic commodities, the state statistics bureau said Friday. Read more »

Unspent money, vaccination program seen to 'perk up' economy: BSP Gov. Diokno

ABS-CBN News
Posted at May 31 03:57 PM

Unspent money and the government's vaccination plan could stimulate economic activities, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Monday.  Read more »

Enrolled in BPI Maxi-Saver? By June, your minimum balance should be P2 million

ABS-CBN News
Posted at Apr 15 02:20 PM

The Bank of the Philippine Islands (BPI) said it would implement changes to the terms and conditions for all Peso Maxi-Savings Accounts including the raise in the average daily balance requirement to P2 million for both debit card and passbook.  Read more »

Bangko Sentral keeps cap on credit card interest rate, monthly add-ons

ABS-CBN News
Posted at Apr 08 05:27 PM

The maximum credit card interest rate or finance charges on unpaid outstanding balance were kept at 2 percent per month or 24 percent per year. Read more »

Inflation eases to 4.5 percent in March

ABS-CBN News
Updated as of Apr 06 11:23 AM

Inflation slightly eased in March due to slower price movement of food and non-alcoholic beverages following 5 straight months of acceleration, government data released Tuesday showed.  Read more »

Bangko Sentral keeps interest rates unchanged as COVID-19 threatens recovery

ABS-CBN News
Updated as of Mar 25 04:19 PM

The Bangko Sentral ng Pilipinas on Thursday kept the benchmark interest rates at 2 percent as it pledged to support a sustained economic recovery.   Read more »

BSP seen holding interest rates at record-low amid recovery concerns

Reuters
Posted at Mar 23 01:26 PM

All 13 economists surveyed predicted the Bangko Sentral ng Pilipinas will keep the rate on its overnight reverse repurchase facility at a record low of 2 percent for a third straight meeting. Read more »

Bangko Sentral keeps interest rates steady

ABS-CBN News
Updated as of Feb 11 04:33 PM

The Bangko Sentral ng Pilipinas kept interest rates steady on Thursday in line with analysts' expectations.  Read more »