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Inflation accelerates to 4.9 percent in August

ABS-CBN News
Updated as of Sep 07 11:57 AM

This was the fastest rise in prices in 32 months, or since December 2018. Read more »

Dollar near one-month low on bets for later Fed taper

Kevin Buckland, Reuters
Updated as of Sep 06 09:32 AM

The dollar languished near a one-month low versus major peers on Monday, as investors pushed back expectations for when the Fed tapering will begin. Read more »

Inflation likely to remain elevated in 2021: BSP

Warren De Guzman, ABS-CBN News
Posted at Aug 13 04:24 PM

Inflation may remain elevated in the short term before settling within the government target of 2 to 4 percent, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Friday. Read more »

Money-Saving Tips for Building Your Child’s Tuition Fund

Moneymax.ph
Posted at Jul 15 07:56 AM

If there’s one universal truth in the Philippines, it’s this: mahal magpa-aral! Not every parent can afford millions to pay for college tuition. Read more »

PH seen remaining a laggard in ASEAN as window for new fiscal stimulus closes

Warren de Guzman, ABS-CBN News
Updated as of Jul 05 06:16 PM

 Japanese investment bank Nomura said on Monday it expects the Philippines to continue to lag behind its neighbors in terms of economic recovery after missing its window for additional fiscal spending to offset the effects of the COVID-19 pandemic. Read more »

Consumer confidence improves in Q2, Q3 this year, next 12 months, survey shows

ABS-CBN News
Posted at Jul 02 04:34 PM

The consumer confidence improved in the second quarter of the year as the overall confidence index (CI) rose to -30.9 percent from -34.7 percent in the previous quarter, according to the Consumer Expectation Survey by the Bangko Sentral ng Pilipinas released Friday.   Read more »

Simple Ways to Achieve Debt-Free Living

Moneymax.ph
Posted at Jun 30 06:14 PM

#SanaAll walang utang! Contrary to popular belief, living debt-free in the Philippines is completely possible.    Read more »

BSP needs to keep rates steady, gov't to boost spending for recovery: think tank

Warren de Guzman, ABS-CBN News
Posted at Jun 29 03:56 PM

AMRO said it doesn’t see any urgency for the BSP to tighten monetary policy, despite elevated inflation in recent months.  Read more »

Fitch Solutions sees inflation easing, BSP keeping rates through 2nd half of 2022

ABS-CBN News
Posted at Jun 28 04:41 PM

Fitch Solutions on Monday said it expects the Bangko Sentral ng Pilipinas to keep its policy rate on hold at 2 percent through the second half of 2022 before hiking it by 50 basis points at the end of next year.    Read more »

Better data analysis seen as key to boosting bank lenk lending

ABS-CBN News
Posted at Jun 28 03:11 PM

Arellano noted that even with record-low interest rates, bank lending which is supposed to stimulate the economy, has barely grown as banks remained reluctant to lend due to worries over clients’ ability to pay. Read more »

Philippine shares recover from slide as key interest rates remain same

ABS-CBN News
Posted at Jun 25 11:35 PM

Philippine shares recover from Thursday's slide as investors welcome the central bank's decision to keep key interest rates unchanged.  Read more »

Hawkish Fed fuels dollar, leaves stocks and bonds bruised

Marc Jones, Reuters
Posted at Jun 17 09:19 PM

World equities were heading for their biggest fall in weeks on Thursday after the US Federal Reserve startled investors by signaling it might raise interest rates at a much faster pace than assumed, sending bond yields and the dollar sharply higher.   Read more »

BSP says small enterprises benefitted from cheap loans but lending still weak

ABS-CBN News
Posted at Jun 17 05:06 PM

Micro, small and medium enterprises have benefitted from low interest rates as the Bangko Sentral ng Pilipinas ensured that there is ample liquidity in the market, a central bank official said Thursday.  Read more »

Fed signals higher rates in 2023, bond-buying taper talks as virus fades

Reuters
Updated as of Jun 17 12:49 PM

The Federal Reserve on Wednesday began closing the door on its pandemic-driven monetary policy as officials projected an accelerated timetable for interest rate increases, opened talks on how to end crisis-era bond-buying, and said the 15-month-old health emergency was no longer a core constraint on US commerce.   Read more »

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 »