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Bangko Sentral seen to cut rates further as inflation cools

ABS-CBN News
Posted at Jul 19 04:27 PM

The Bangko Sentral ng Pilipinas is expected to further cut interest rates. At least one economist sees recent inflation data prompting that move. Read more »

Peso hovers near 18-month high as dollar weakens

ABS-CBN News
Updated as of Jul 16 07:01 PM

The Philippine peso on Tuesday was at its strongest since January 2018 as the US dollar weakens amid expected monetary policy easing by the Federal Reserve. Read more »

Philippine shares break into bull market territory with over 20-pct gain

ABS-CBN News
Updated as of Jul 16 12:18 PM

Philippine stocks entered bull market territory, buoyed by expectations of lower interest rates due to cooling inflation and an upbeat outlook for corporate earnings, analysts said Read more »

HSBC sees rate cut in August with inflation seen slowing further

ABS-CBN News
Updated as of Jul 03 09:58 AM

HSBC is expecting a 25-basis point cut in the benchmark rate in the third quarter and a 100-basis point reduction in the reserve ratio requirement by the fourth quarter. Read more »

BSP keeps interest rates steady as inflation stabilizes

ABS-CBN News
Updated as of Jun 20 06:13 PM

The Bangko Sentral ng Pilipinas kept interest rates steady on Thursday, with inflation seen stabilizing. Read more »

Bangko Sentral cuts reserve requirement for banks

ABS-CBN News
Updated as of May 16 11:46 PM

A 100-basis point cut will take effect on May 31, followed by two other cuts of 50 basis points each on June 28 and July 26. Read more »

Reserve requirement cut must follow rate reduction: HSBC

ABS-CBN News
Posted at May 10 03:10 PM

Cutting the overnight borrowing rate "is a good first step but I think it’s insufficient," HSBC Asia economist Noelan Arbis told ANC's Market Edge. Read more »

BSP's Diokno looking to 'ramp up growth' after Q1 slowdown: Pernia

ABS-CBN News
Posted at May 09 10:52 AM

Gross domestic product grew 5.6 percent in the January to March period, the slowest in 16 quarters, dragged by the delay in the passage of the 2019 budget. The data was released hours before Diokno was to convene a meeting of the Monetary Board. Read more »

Budget delay trims GDP growth to slowest in 4 years

ABS-CBN News
Updated as of May 09 12:39 PM

Gross domestic product grew 5.6 percent in the first quarter, from 6.3 percent in the fourth quarter of 2018. Growth would have accelerated to 6.6 percent had the country operated on the 2019 budget at the start of the year. Read more »

Banking officials expect BSP to ease policy

ABS-CBN News
Posted at May 08 11:56 PM

Several local banks have been raising funds at the local debt market. Read more »

Nomura: 'No need' for Bangko Sentral to rush interest rate cut

ABS-CBN News
Updated as of May 08 10:31 AM

The Bangko Sentral ng Pilipinas will decide on monetary policy on Thursday after the release of data on cooling inflation. Read more »

Analysts expect BSP to ease monetary policy after April inflation data

ABS-CBN News
Posted at May 07 10:23 PM

Market watchers and economists are now more optimistic the Bangko Sentral ng Pilipinas will use the latest inflation data to justify easing monetary policy. Read more »

Inflation cools further in April, sets stage for interest rate cut

ABS-CBN News
Updated as of May 07 03:57 PM

The consumer price index rose 3 percent in April, slowing for the sixth straight month and staying within the BSP's 2 to 4 percent goal for the third straight month. It also matched the forecast of analysts in a Reuters poll. Read more »

Reserve ratio should be single digit before 2023: Diokno

Reuters
Posted at Apr 29 04:07 PM

Bangko Sentral ng Pilipinas governor Benjamin Diokno said on Monday that the country's reserve requirement ratio (RRR) for banks, currently at 18 percent, should be reduced to a single digit before his term ends in 2023.  Read more »

What the BSP says on possible US recession

ABS-CBN News
Posted at Mar 28 11:14 PM

The Bangko Sentral ng Pilipinas weighs in on the possible recession in the US, and what it means for the Philippines' monetary policy.  Read more »

Bangko Sentral keeps rates steady in first meeting under Diokno

ABS-CBN News
Updated as of Mar 21 05:09 PM

Diokno, who assumed office in early March, said he favored "steady, strong" growth, which was seen by the markets as signal that he could ease policy faster than expected. Read more »

Bangko Sentral seen keeping rates steady under Diokno

Karen Lema, Reuters
Posted at Mar 19 01:26 PM

All 13 economists in the poll predicted the central bank would keep the interest rate on its overnight reverse repurchase policy steady at 4.75 percent at its meeting on Thursday, the first under its new governor, Benjamin Diokno. Read more »

Easing inflation gives Diokno scope for rate cut: Standard Chartered

ABS-CBN News
Updated as of Mar 15 12:11 PM

A 100-basis point cut in the benchmark borrowing rate and a 200-basis point reduction in the reserve ratio requirement for banks can help spur growth in the economy, said Standard Chartered Asia economist Chidu Narayanan. Read more »

Economic growth of 6 percent possible despite budget impasse: RCBC

ABS-CBN News
Posted at Mar 14 11:42 AM

Economic managers on Wednesday warned that the impasse over the budget could slow gross domestic product growth, which averaged 6.2 percent in 2018. Read more »

BSP under Diokno likely to 'accelerate' policy easing: HSBC

ABS-CBN News
Updated as of Mar 13 10:35 AM

The BSP could bring key borrowing rates to 4.25 by year-end with a 50-basis points cut, and the reserve requirement ratio to 15 percent by end of 2019 with 100-basis points cuts each quarter, said HSBC economist Noelan Arbis said.  Read more »