News Articles on {?keyword?} | ABS-CBN News

Bangko Sentral raises inflation outlook for 2021 to 4 percent

Warren de Guzman, ABS-CBN News
Posted at Feb 11 06:32 PM

The Bangko Sentral ng Pilipinas has raised its inflation outlook for the year to 4 percent from an earlier 3.2 percent, and said inflation was likely to remain elevated "in the coming months."   Read more »

Bangko Sentral keeps interest rates steady

ABS-CBN News
Updated as of Feb 11 04:33 PM

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

BSP rate hike will not work on current inflation: analyst

ABS-CBN News
Updated as of Feb 12 05:23 AM

Joey Roxas, president of Eagle Equities, said the current spike in inflation was "cost-push" or driven by rising costs from producers. Read more »

Fed sees rising bond yields, inflation expectations as a possible win

Jonnelle Marte, Ann Saphir and Howard Schneider, Reuters
Posted at Jan 08 11:35 AM

A recent rise in U.S. bond yields and market inflation expectations have bolstered Federal Reserve officials' hopes the central bank's new monetary policy approach is taking hold and could be further buoyed if a Democratic-led Congress rolls out more spending. Read more »

Bangko Sentral keeps rates steady as expected

Vivienne Gulla, ABS-CBN News
Updated as of Dec 17 04:56 PM

The Bangko Sentral ng Pilipinas kept interest rates steady, in line with analysts forecasts given what it sees as a "benign inflation environment". 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 »

Bangko Sentral makes surprise rate cut as economic slump continues

ABS-CBN News
Updated as of Nov 19 05:40 PM

The Bangko Sentral ng Pilipinas made a surprise 25 basis points policy rate cut on Thursday, bringing the overnight reverse repurchase facility to a new historic low of 2 percent. 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 »

Bangko Sentral should weaken peso to stimulate economy: economist

ABS-CBN News
Posted at Nov 09 01:27 PM

The Bangko Sentral ng Pilipinas should weaken the peso to stimulate the economy as simply easing monetary policy does not work during recessions, an economist said on Monday.  Read more »

Split on applying new framework, Fed struggles over economic outlook as well

Howard Schneider and Ann Saphir, Reuters
Posted at Oct 08 09:24 AM

U.S. Federal Reserve policymakers split over how to apply a new strategy for monetary policy at their September meeting, and, amid growing doubts about the path of the economy, offered no clear sense of their next steps to offset the coronavirus recession. Read more »

Bangko Sentral approves P540 billion loan to National Gov’t

ABS-CBN News
Posted at Oct 01 06:20 PM

The Bangko Sentral ng Pilipinas on Thursday said the Monetary Board has approved the National Government’s request for a fresh P540 billion loan.    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 »

What has Abe's signature 'Abenomics' achieved?

Etienne Balmer, Agence France-Presse
Posted at Aug 28 05:12 PM

When Japan's Shinzo Abe took office in 2012, he vowed to reinvigorate the country's economy with a policy that came to be dubbed "Abenomics." But what has the program achieved?   Read more »

Bangko Sentral mulls 'cap' on credit card interest rates

ABS-CBN News
Updated as of Aug 24 11:10 AM

Bangko Sentral ng Pilipinas Gov. Benjamin Diokno said Monday they are eyeing to put a cap on credit card interest rates to be at par with its Asian neighbors. Read more »

BSP pauses, keeps key rates unchanged after 4 cuts in a row

ABS-CBN News
Updated as of Aug 20 05:05 PM

The Bangko Sentral ng Pilipinas on Thursday kept the overnight borrowing rates steady at 2.25 percent as the newly downgraded COVID-19 restrictions stepped up the gas for economic recovery.  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 »

Cuts in reserve requirements 'remain on the table', BSP Diokno says

ABS-CBN News
Updated as of Jun 29 11:18 AM

Cutting the reserve requirement ratio for banks "remains on the table," Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Monday, following a surprise cut in the benchmark interest rate last June 25.  Read more »

Bangko Sentral gets 'ahead of the game' with surprise rate cut: economist

ABS-CBN News
Posted at Jun 26 09:39 AM

The Bangko Sentral ng Pilipinas' surprise key interest rate cut would ensure that the environment is conducive enough for growth as more lockdown restrictions ease, an economist said Friday. Read more »

Rebound 'limited' so far, Diokno says as BSP ponders on next rate cut

ABS-CBN News
Updated as of Jun 22 10:07 AM

Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Monday the economic recovery had been "limited" so far based on data from big tech, ahead of an interest rate-setting meeting this week. Read more »

NEDA chief touts Philippines' tools to restart economy

ABS-CBN News
Posted at May 22 03:51 PM

The Philippines has "other instruments" to stimulate the economy aside from loans and the national budget, Acting Socioeconomic Planning Secretary Karl Kendrick Chua said Friday, as the country prepared for further easing of pandemic lockdowns.   Read more »