interest-rate-hike | ABS-CBN News

BSP likely to hike rates 25 bps or keep steady: Diokno

Jekki Pascual, ABS-CBN News
Posted at Mar 20 04:50 PM

Finance Secretary Benjamin Diokno said the Bangko Sentral ng Pilipinas could raise the benchmark rate by 25 basis points or keep it steady on its next meeting this month. Read more »

Medalla says US Fed may hike interest rate by 25 basis points

ABS-CBN News
Posted at Mar 17 11:12 AM

The US Federal Reserve may hike interest rate by just 25 basis points during its policy setting meeting this March, BSP Gov. Felipe Medalla said. Read more »

Fed mulls bigger rate hikes to cool US economy

Daniel Avis, Agence France-Presse
Posted at Mar 08 08:23 AM

The United States is prepared to speed up interest rate hikes –- and could raise them higher than anticipated -- if needed to cool inflation and a strong jobs market, Federal Reserve Chair Jerome Powell said. Read more »

Fed official warns of more rate hikes on 'too hot' data

Agence France-Presse
Posted at Mar 03 08:44 AM

The US Federal Reserve may have to raise interest rates to a higher level than earlier anticipated if "data reports continue to come in too hot," Fed Governor Christopher Waller warned. Read more »

Inflation likely between 8.5 to 9.3 pct in February says BSP

ABS-CBN News
Posted at Feb 28 04:22 PM

The Bangko Sentral ng Pilipinas said on Tuesday inflation likely settled between the 8.5 to 9.3 percent range in February. Read more »

South Korea freezes rates, ending year-long run of hikes

Agence France-Presse
Posted at Feb 23 12:31 PM

South Korea's central bank on Thursday froze benchmark interest rates at 3.5 percent owing to concerns over the slowing economy, ending a year-long run of hikes. Read more »

Asian markets fluctuate with rates set to go higher

Agence France-Presse
Posted at Feb 21 11:46 AM

Asian markets swung Tuesday, with traders trying to gauge the outlook for the US economy as they price in more interest rate hikes than previously feared. Read more »

BSP seen to implement more rate hikes due to elevated inflation: Fitch

ABS-CBN News
Posted at Feb 20 12:21 PM

The Bangko Sentral ng Pilipinas is seen to continue hiking the country's key policy rate in the first half of 2023 due to the elevated inflation, Fitch Solutions said. Read more »

Asian markets mostly up but rate worries keep optimism in check

Agence France-Presse
Posted at Feb 08 03:59 PM

Sydney, Seoul, Singapore, Wellington, Taipei, Manila, Mumbai and Jakarta all rose Wednesday but Hong Kong, Shanghai, Tokyo and Bangkok fell. Read more »

Inflation quickens to 8.7 percent in January 2023

ABS-CBN News
Updated as of Feb 07 05:49 PM

Inflation in January accelerated further due to higher electric and water rates, housing rental costs, as well as the continued rise in food and vegetable prices. Read more »

US stocks rally, dollar falls after Fed decision

Agence France-Presse
Posted at Feb 02 08:02 AM

Wall Street stocks rallied and the dollar retreated Wednesday after the Federal Reserve enacted a smaller interest rate hike while acknowledging progress in the fight against inflation. Read more »

Bank lending rose in Dec. 2022 despite interest rate hikes

ABS-CBN News
Posted at Feb 01 11:06 PM

Business and consumers in the Philippines incurred more debt in December 2022 despite higher interest rates. Read more »

Philippine economy seen to grow 6.2 percent in 2023: Citi economist

Jessica Fenol, ABS-CBN News
Posted at Feb 01 03:04 PM

The Philippine economy is expected to post a robust growth in 2023 but slower than the above-target expansion last year, an economist said on Wednesday. Read more »

Canada central bank raises key interest rate to 4.5 percent

Agence France-Presse
Posted at Jan 26 08:15 AM

Canada's central bank on Wednesday raised its key lending rate for the eighth time in less than a year, this time by 25 basis points to 4.5 percent, as it tries to tame inflation. Read more »

Fed Vice Chair sees high rates 'for some time' to cool prices

Agence France-Presse
Posted at Jan 20 08:56 AM

US interest rates will need to remain high for some time even as inflation eases, Federal Reserve Vice Chair Lael Brainard said, vowing the central bank plans to "stay the course" in fighting price increases. Read more »

US economic activity tepid but prices seen easing: Fed

Agence France-Presse
Posted at Jan 19 08:30 AM

Economic activity in the United States remained lukewarm in recent weeks, said a report published by the Federal Reserve, with expectations of "little growth in the months ahead." Read more »

Stocks rise as US inflation falls

Agence France-Presse
Posted at Jan 13 09:27 AM

Global stocks mostly rose Thursday as investors digested data showing a softening of US consumer inflation, potentially giving the Federal Reserve room to slow its interest rate hikes.- Read more »

'Worst is over': Medalla says inflation may revert within target by Q3

Jessica Fenol, ABS-CBN News
Posted at Jan 12 11:01 AM

BSP Governor Medalla said the worst could be over for inflation as signs of depreciation are observed. Read more »

Fed officials do not expect US interest rate cuts this year

Agence France-Presse
Posted at Jan 05 08:37 AM

US central bankers do not expect it will be "appropriate" to start cutting interest rates this year with inflation remaining high, according to minutes of the latest Federal Reserve policy meeting. Read more »

Credit card fee hike? BSP to review ceiling as rates rise

ABS-CBN News
Posted at Dec 15 05:04 PM

The BSP said it is set to review the ceiling placed on fees imposed on credit card interest rates and fees due to recent hikes in the benchmark rate. Read more »