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Inflation holds steady in October, below government target

ABS-CBN News
Updated as of Nov 05 11:12 AM

Governor Benjamin Diokno of the Bangko Sentral said Monday there would be no more cuts in the benchmark interest rate and the reserve requirement ratio or RRR for banks for the rest of 2019. Read more »

Bangko Sentral ends interest rate, reserve requirement cutting for 2019

ABS-CBN News
Updated as of Nov 04 02:55 PM

The central bank will "pause for a while" after slashing the benchmark interest rate by 75 basis points, bringing it to 4 percent, and reducing the reserve requirement ratio for banks to 14 percent, Diokno told ANC. Read more »

US Fed faces balancing act in delivering rate cut

Douglas Gillison, Agence France-Presse
Posted at Oct 30 10:31 AM

Notwithstanding President Donald Trump's crticism, some influential voices are calling for a pause in the stimulus so the Fed can assess global economic and trade developments, which may improve. Read more »

Bangko Sentral seen to pause rate cuts for 'extended period'

ABS-CBN News
Updated as of Oct 25 03:32 PM

The BSP slashed the overnight borrowing rate by a total 75 basis points, bringing it to 4 percent. The last of 3 25-point cuts was announced last Sept. 26. Read more »

Diokno says 2020 inflation risks tilt to 'upside' due to swine fever, oil

ABS-CBN News
Updated as of Oct 25 11:37 AM

For the rest of 2019, Diokno said inflation would stay within the "lower half" of the BSP's 2 to 4 percent target.  Read more »

South Korea cuts interest rate again as Japan trade row rumbles

Agence France-Presse
Posted at Oct 16 12:55 PM

South Korea's central bank on Wednesday cut its key interest rate to the lowest point in two years in an effort to prop up its slowing economy as it is hit by a trade spat with Japan.  Read more »

Bangko Sentral to continue cutting RRR in next 2 years: analyst

ABS-CBN News
Posted at Sep 30 11:51 AM

The Bangko Sentral ng Pilipinas will likely cut reserve requirement for banks in the next 2 years, in line with its long-term goal of bringing the total to single digit, an analyst said Monday.  Read more »

'Benign inflation' set favorable backdrop for further monetary policy easing: analyst

ABS-CBN News
Posted at Sep 27 10:16 AM

The BSP on Thursday cut interest rates for the third time this year, bringing the benchmark to 4 percent from 4.75 percent in 2018. Read more »

Bangko Sentral cuts interest rates for third time this year

ABS-CBN News
Updated as of Sep 26 07:36 PM

The Bangko Sentral ng Pilipinas cut the benchmark interest rate on Thursday amid expectations of cooling inflation slowing growth. Read more »

China says in 'no rush' for economic stimulus

Agence France-Presse
Posted at Sep 24 05:25 PM

China is in "no rush" to add a monetary stimulus to cope with downward pressure on the world's number-two economy, the head of the country's central bank said Tuesday. Read more »

BSP seen cutting rates for 3rd time this year on Thursday

Karen Lema, Reuters
Posted at Sep 23 07:15 PM

Ten out of 11 economists polled expect the central bank to use the room afforded to it by slowing inflation to cut the rate on its overnight reverse repurchase facility by 25 basis points to 4 percent.  Read more »

China cuts new loan rate for second month but struggling economy likely needs more

Reuters
Posted at Sep 20 06:05 PM

China cut its new one-year benchmark lending rate for the second month in a row on Friday, a step by the central bank to try to wrestle down borrowing costs and support the economy as the Sino-US trade war drags on. Read more »

Indonesian central bank cuts policy rate to 5.25 percent

Kyodo News
Posted at Sep 19 10:27 PM

Indonesia's central bank on Thursday cut its benchmark interest rate for the third straight month in an attempt to boost domestic economic growth. Read more »

Bank of Japan keeps rates, resists global easing trend

Kyodo News
Posted at Sep 19 02:49 PM

The Bank of Japan left its ultra-easy monetary policy unchanged Thursday, resisting pressure to join other major central banks in taking additional steps to stimulate growth amid global economic uncertainty. Read more »

Why is the NY Fed pumping billions into the money market?

Juliette Michel, Agence France-Presse
Posted at Sep 19 09:12 AM

To bring rates down, the New York Fed pumped fresh liquidity into the system through repo operations -- $53 billion on Tuesday, $75 billion on Wednesday, with another $75 billion planned for Thursday morning. Read more »

Trump urges ‘big’ rate cut as Fed faces challenges

Jeanna Smialek, The New York Times
Posted at Sep 17 07:51 AM

The central bank’s leadership is under immense political pressure from Trump, who denounces its reluctance to slash rates more aggressively on Twitter almost daily. Read more »

Diokno: Interest rate, RRR cuts may come 'sooner than later'

ABS-CBN News
Posted at Sep 13 12:08 PM

The MB last cut the overnight borrowing rate used by banks to price loans by 25 basis points last Aug. 8, after first half growth slowed to a 4-year low. The policy body has 3 more meetings left this year, on Sept. 26, Nov. 14 and Dec. 12. Read more »

ECB cuts key rate, to restart bond purchases

Reuters
Posted at Sep 12 08:32 PM

The European Central Bank approved a fresh stimulus package as expected on Thursday, cutting interest rates and approving a new round of bond purchases to prop up eurozone growth and halt a worrisome drop in inflation expectations. Read more »

Trump: Fed should get US interest rate 'down to ZERO, or less'

Agence France-Presse
Posted at Sep 11 08:57 PM

President Donald Trump wants US "interest rates down to ZERO, or less," he tweeted Wednesday amid widespread expectations that the Federal Reserve will cut rates later this month. Read more »

Rate cuts to drive credit demand in Philippines: Moody's

ABS-CBN News
Updated as of Sep 04 10:24 AM

Cooling inflation due to lower prices of rice and oil gives the BSP room for more interest rate and RRR cuts this year. Read more »