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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 »

BSP in wait-and-see mode, to keep rates on hold

Enrico dela Cruz, Reuters
Updated as of Oct 01 10:27 AM

The Philippine central bank is expected to keep key interest rates unchanged on Thursday while assessing future moves after some aggressive policy easing this year to support the pandemic-ravaged economy, a Reuters poll showed. Read more »

Credit card interest rate cap 'eases burden' of Filipinos hit by pandemic: BAP

ABS-CBN News
Posted at Sep 25 11:53 AM

The cap on credit card interest rate will help reduce the burden of Filipinos reeling from the impact of the COVID-19 pandemic, the Bankers Association of the Philippines said Friday.    Read more »

Low interest rates 'here to stay': European economist

Bruce Rodriguez, ABS-CBN News
Posted at Sep 15 07:16 PM

Record low interest rates are “here to stay” as monetary authorities across the globe seek to accelerate the recovery of businesses affected by the COVID-19 pandemic, an economist based in Europe said on Tuesday.    Read more »

Why should I pay my credit card bill in full?

Moneymax.ph
Posted at Aug 31 10:17 AM

One useful feature of a credit card is that you can pay just the minimum balance every month. But should you do this? Here are compelling reasons why you should opt to pay your credit card bill in full instead.  Read more »

Brazil cuts interest rate to new low as virus rages

Agence France-Presse
Posted at Aug 06 08:24 AM

Brazil's central bank cut its benchmark interest rate Wednesday to a new record low, seeking to help Latin America's biggest economy recover from the coronavirus pandemic.   Read more »

Fed keeps rates unchanged as US recovery depends on stopping virus, govt relief

Agence France-Presse
Posted at Jul 30 08:40 AM

The resurgence in coronavirus cases in recent weeks is weighing on US economic activity, and a recovery will depend both on checking the virus and government aid, Federal Reserve Chair Jerome Powell said Wednesday. Read more »

Indonesia cuts rates as virus batters SE Asia's biggest economy

Agence France-Presse
Posted at Jul 16 08:01 PM

Indonesia's central bank on Thursday cut interest rates for the fourth time this year, with Southeast Asia's biggest economy battered by the coronavirus pandemic.  Read more »

Bangko Sentral says rate cut pause to help market ‘digest’ easing actions

ABS-CBN News
Updated as of Jul 13 11:30 AM

Bangko Sentral ng Pilipinas Governor Banjamin Diokno said Monday the country still has "lots of bullets" to fire if needed to support the economy in its fight against the coronavirus pandemic.  Read more »

Malaysia slashes rates to record low to fight virus impact

Agence France-Presse
Posted at Jul 07 06:09 PM

Malaysia's central bank on Tuesday slashed interest rates to a record low to fight the impact of the coronavirus pandemic, and warned that the pace of economic recovery was uncertain.   Read more »

Trouble repaying loans? Talk to your bank says BSP chief

Arianne Merez, ABS-CBN News
Updated as of Jul 06 05:38 PM

Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno urged consumers on Monday to discuss interest rates with their banks if they are having trouble paying loans. Read more »

Fed revisits 'Great Recession-era' promise of keeping interest rates low

Reuters
Posted at Jul 02 08:26 AM

Federal Reserve policymakers are looking at reviving a Great Recession-era promise to keep interest rates low until certain conditions are met, in a bid to deliver a more rapid recovery from the recession triggered by the coronavirus pandemic. Read more »