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As Fed taper looms, global central banks eye their own exits from stimulus

Leika Kihara, Mfuneko Toyana and Karin Strohecker, Reuters
Posted at Jun 10 01:08 PM

The more vulnerable emerging market central banks, such as Brazil, Ghana and Armenia, have already started their tightening cycle on rising inflation pressures.  Read more »

Nomura sees remittances growing 5.1 percent this year

ABS-CBN News
Posted at May 18 04:30 PM

Remittances from overseas Filipinos may grow 5.1 percent this year after declining 0.8 percent in 2020, according to international financial services company Nomura.    Read more »

Bangko Sentral keeps key rate steady to support recovery

ABS-CBN News
Updated as of May 12 09:01 PM

The BSP kept its overnight reverse repurchase rate at a record low of 2 percent as the Philippines continued to struggle with the surge in COVID-19 cases that threatens economic recovery.  Read more »

Bank lending falls 4.5 percent in March

ABS-CBN News
Posted at May 10 06:29 PM

Bank lending fell in March as a surge in COVID-19 cases dampened economic outlook, the Bangko Sentral ng Pilipinas said on Monday. Read more »

BSP to keep rates steady; economy remaining in recession: Reuters poll

Reuters
Posted at May 10 03:59 PM

The Bangko Sentral ng Pilipinas is expected to keep its benchmark interest rate at a record low on Thursday, after the economy likely contracted for a fifth straight quarter in the January to March period, a Reuters poll showed. Read more »

Bangko Sentral says not yet inclined to tighten monetary policy

ABS-CBN News
Posted at Mar 11 04:42 PM

The Bangko Sentral ng Pilipinas is not inclined to tighten monetary policy at this time, despite supply-side factors keeping inflation above the 2 to 4 percent target range, BSP Governor Benjamin Diokno said on Thursday. Read more »

Credit card limit: Paano sine-set ng bangko ang limit mo?

Moneymax.ph
Posted at Mar 08 07:51 AM

Kapag may credit card ka, swipe is life! Pero tandaan na lahat ng bagay ay may limit, lalo na ang iyong credit card. Read more »

HSBC economist sees BSP raising rates next year by up to 75 basis points

ABS-CBN News
Posted at Feb 18 04:04 PM

The Bangko Sentral ng Pilipinas may raise interest rates next year by as much as 75 basis points, an HSBC economist said in an ANC interview on Thursday.   Read more »

Philippine economy seen contracting again in Q1, return to positive growth in Q2

ABS-CBN News
Posted at Feb 17 12:29 PM

Former Socioeconomic Planning Secretary Ernesto Pernia said the country could post year-on-year gross domestic product (GDP) growth in the second quarter as the government further eases restrictions and rolls out vaccines.  Read more »

4 Security Tips to Prevent Credit Card Fraud

Moneymax.ph
Updated as of Feb 04 11:17 AM

Credit card fraud is a real problem and you don’t want that kind of smoke. Here are some tips on how to protect your credit card.  Read more »

Bank lending drops for the first time in 14 years in Dec

Reuters
Posted at Feb 03 06:56 PM

Philippine bank lending fell for the first time in more than 14 years in December, reflecting weak consumer and business activity, with the trend expected to persist as coronavirus restrictions remain in place in many parts of the country. Read more »

BSP to keep rates low, says inflation 'least' of worries

ABS-CBN News
Posted at Jan 05 11:53 AM

The Bangko Sentral intends to keep interest rates low for “many quarters to come” and that inflation was the “least” of its worries despite consumer prices rising at their fastest pace since March 2019.  Read more »

Ayala ‘cautiously optimistic’ on 2021 growth, wary of second wave infections

ABS-CBN News
Posted at Jan 04 04:41 PM

The president of one of the country’s biggest conglomerates said he is “cautiously optimistic” over the Philippine economy’s growth prospects for this year.    Read more »

December inflation likely below BSP forecast, new rate cut also possible: economist

ABS-CBN News
Posted at Jan 04 03:32 PM

The Philippine economy and inflation are seen to settle below government targets as the country remains to have overall weak demand, an economist said Monday. Read more »

Bangko Sentral sees December inflation within 2.9 to 3.7 pct

ABS-CBN News
Posted at Dec 29 03:18 PM

The BSP said higher prices of domestic petroleum products and key agricultural items contributed to upward price pressures during the month.    Read more »

Bangko Sentral seen holding rates steady after surprise cut

Enrico Dela Cruz, Reuters
Posted at Dec 17 09:18 AM

The Philippine central bank is expected to hold interest rates steady on Thursday, awaiting further signals on whether it needs to provide more policy support to the country's pandemic-hit economy, a Reuters poll showed. Read more »

Nomura sees PH 'growth disappointment' in 2021, new rate cuts

ABS-CBN News
Posted at Dec 08 10:07 PM

Philippine economic growth next year will likely disappoint because of limited fiscal support, and this will lead the Bangko Sentral ng Pilipinas to cut rates, global financial services firm Nomura said on Tuesday.  Read more »

PH banks' growth 'tempered' until 2021 on weaker economy, COVID cases: analyst

ABS-CBN News
Updated as of Nov 25 02:35 PM

MANILA - Philippine banks' recovery and growth are seen to be "tempered" until next year given the lingering effects of the pandemic on the economy, an analyst at Fitch Ratings told ANC's Market Edge. Read more »

Bangko Sentral expected to hold rates despite Q3 GDP slide

Enrico Dela Cruz, Reuters
Posted at Nov 19 09:58 AM

The Philippine central bank is expected to hold interest rates steady on Thursday, with liquidity in the economy still ample and despite a deeper-than-expected contraction in third-quarter gross domestic product, a Reuters poll found.  Read more »

New limits on credit card interest rates: How will they affect you?

Moneymax.ph
Posted at Nov 12 02:29 PM

What exactly are these interest rate charge caps and how will they benefit you? Here’s a quick primer to help you understand.  Read more »