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Bangko Sentral keeps interest rate at 2 percent

ABS-CBN News
Updated as of Sep 23 06:54 PM

The Bangko Sentral ng Pilipinas on Thursday kept the benchmark policy rate steady at 2 percent. Read more »

US Fed preparing to remove stimulus 'soon' despite slower recovery

Heather Scott, Agence France-Presse
Posted at Sep 23 08:40 AM

The closely-watched announcement left policy unchanged for now, but new forecasts from central bankers show they expect the first interest rate increase next year. Read more »

BSP seen keeping rates low for extended period

Jessica Fenol, ABS-CBN News
Posted at Sep 22 03:15 PM

The BSP is likely to maintain an accommodative monetary policy for an "extended period of time," an official of Citi Philippines said. Read more »

Diokno says 'no urgency' for monetary action

ABS-CBN News
Updated as of Aug 23 11:51 AM

The revised and lower economic growth target of 4 to 5 percent this year is "doable" despite the restrictions imposed in Metro Manila to mitigate the spread of COVID-19, Bangko Sentral ng Pilipinas Gov. Benjamin Diokno said Monday. Read more »

Bangko Sentral keeps interest rates steady

ABS-CBN News
Updated as of Aug 13 03:42 PM

The Bangko Sentral ng Pilipinas kept its overnight reverse repurchase rate steady at the record low 2 percent in line with analysts' forecasts. Read more »

Fed says economic recovery remains on track despite COVID-19 surge

Howard Schneider, Lindsay Dunsmuir and Ann Saphir, Reuters
Posted at Jul 29 08:06 PM

The US economic recovery is still on track despite a rise in coronavirus infections, the Federal Reserve said on Wednesday in a new policy statement that remained upbeat and flagged ongoing talks around the eventual withdrawal of monetary policy support. Read more »

Inflation eases in Q2, to remain within target despite rising oil: BSP

ABS-CBN News
Posted at Jul 22 07:28 PM

Average headline inflation eased in the second quarter, and inflation is expected to remain within the government’s target range despite rising prices of crude oil, the Bangko Sentral ng Pilipinas said on Thursday.  Read more »

Delta variant spread could delay Fed policy shift: BSP chief

Warren de Guzman, ABS-CBN News
Posted at Jul 15 05:06 PM

The spread of COVID-19’s delta variant could delay moves by the US Federal Reserve to shift monetary policy, the head of the Bangko Sentral ng Pilipinas said on Thursday. Read more »

Negative rating outlook to affect investor sentiment, capital flows: ADB economist

Bruce Rodriguez, ABS-CBN News
Posted at Jul 14 06:52 PM

An ADB economist said investor sentiment and capital flows in the Emerging East Asia region could be disrupted, after a series of credit rating outlook downgrades on major developing economies. Read more »

Bangko Sentral says recent peso weakness not cause for worry

Warren de Guzman, ABS-CBN News
Posted at Jul 08 04:23 PM

The Philippine peso's recent depreciation versus the US dollar is cause for concern, the head of the Bangko Sentral ng Pilipinas said on Thursday. 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 »

Bangko Sentral keeps key interest rates unchanged

ABS-CBN News
Updated as of Jun 24 05:09 PM

The Bangko Sentral ng Pilipinas on Thursday kept key interest rates steady in line with analysts' expectations. Read more »

Bangko Sentral to keep benchmark rate at record low: Reuters poll

Reuters
Posted at Jun 24 01:28 PM

The poll comes after BSP Governor Benjamin Diokno's recently said monetary policy would remain accommodative as long as necessary, brushing aside for now any implications if the US Federal Reserve opts for policy tightening. Read more »

Fed chairman's testimony shows Biden's economic plan working: White House

Reuters
Posted at Jun 23 09:15 AM

Congressional testimony from Federal Reserve Board Chairman Jerome Powell on Tuesday shows that President Joe Biden's economic plan is working, a White House official said. Read more »

Tokyo's Nikkei drops 3 percent on US rate hike fear

Agence France-Presse
Posted at Jun 21 09:33 AM

Tokyo's key Nikkei index tumbled just over three percent after the open on Monday, tracking losses on Wall Street as investors digested Federal Reserve messaging on more restrictive monetary policy. 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 »

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 »

Fed expected to signal start of monetary policy shift debate

Howard Schneider, Reuters
Posted at Jun 16 03:00 PM

Federal Reserve officials on Wednesday are expected to at least flag the pending start of talks about when and how to exit from the crisis-era policies the US central bank put in place at the onset of the coronavirus pandemic last year. Read more »

US Fed expected to stand its ground despite rising inflation

Heather Scott, Agence France-Presse
Posted at Jun 13 12:01 PM

Even in the face of rising inflation, the lackluster progress on restoring jobs lost during the pandemic means the US Federal Reserve is unlikely to budge on monetary policy when it meets next week.   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 »