News

Espenilla: Storm disruptions to agriculture 'short-lived, localized'

ABS-CBN News
Updated as of Sep 18 08:26 AM

Espenilla said the BSP would review its inflation targets "once more information is available." Imports compensating for damage will also be considered, he said. Read more »

Bangko Sentral doesn't expect inflation to hit 6 or 7 pct

Neil Jerome Morales, Reuters
Posted at Aug 23 05:25 PM

The Philippine central bank does not expect inflation to reach 6 or even 7 percent, and is optimistic that it will ease after peaking either in August or September, its governor said on Thursday. Read more »

BSP raises inflation forecast for 2018, 2019

ABS-CBN News
Updated as of Aug 09 08:48 PM

The BSP raised its inflation forecast for this year to an average of 4.9% from 4.5% announced in June.  Read more »

Bangko Sentral pulls trigger on highest rate hike in 10 years

ABS-CBN News
Updated as of Aug 09 05:49 PM

The highest increase in 10 years brought the overnight borrowing rate to 4 percent. It was also the third straight hike this year. The BSP raised rates twice by 25-basis point increments. Read more »

Bangko Sentral considering 'strong monetary action' to tame price pressures

Reuters
Posted at Jul 20 03:37 PM

The Philippine central bank is considering "strong monetary action" at its meeting next month to tame inflation and foreign exchange volatility, its governor said on Friday, signalling a third interest rate rise this year. Read more »

BSP may hike key rate for 2nd straight time: analyst

ABS-CBN News
Updated as of Jun 19 04:38 PM

The Bangko Sentral ng Pilipinas may raise its benchmark interest rate on Wednesday, the second increase this year, to address rising consumer prices, an analyst said.   Read more »

Espenilla: BSP 'ready' to adjust policy 'as necessary'

ABS-CBN News
Posted at Jun 19 10:33 AM

The BSP's Monetary Board, in its last meeting on May 10, raised the benchmark rate by 25 basis points, the first adjustment since September 2014. Read more »

Bangko Sentral raises key policy rate

ABS-CBN News
Updated as of May 10 06:51 PM

The Bangko Sentral ng Pilipinas on Thursday raised the benchmark interest rate for the first time in nearly 4 years, after inflation reached its highest level in over 5 years. Read more »

Espenilla on rate hike: Inflation data needs 'hard look'

ABS-CBN News
Updated as of May 04 04:16 PM

Monetary authorities will take a "hard look" at inflation data during their meeting next week, Bangko Sentral ng Pilipinas Governor Nestor Espenilla said Friday, after the rise in consumer prices quickened for the fourth straight month. Read more »

Bangko Sentral can't delay rate hikes further: economist

ABS-CBN News
Updated as of Mar 24 06:27 AM

An economist from Nomura Securities believe the Bangko Sentral ng Pilipinas cannot delay hiking rates further. Read more »

Bangko Sentral keeps key rate steady

ABS-CBN News
Posted at Mar 22 04:23 PM

The Bangko Sentral ng Pilipinas on Thursday kept borrowing rates unchanged, saying the rise in consumer prices was within target. Read more »

Espenilla: Faster February inflation 'in line' with expectations

ABS-CBN News
Posted at Mar 06 02:30 PM

Bangko Sentral ng Pilipinas Governor Nestor Espenilla said Tuesday the rise in consumer prices last month was "in line" with expectations. Read more »

BSP Gov Espenilla recovering from early stage cancer

ABS-CBN News
Posted at Feb 25 10:55 AM

Bangko Sentral ng Pilipinas Governor Nestor Espenilla said Sunday he was recovering from a bout with tongue cancer and was expecting a full recovery.  Read more »

Peso holds at P52-level vs dollar

ABS-CBN News
Posted at Feb 20 09:57 AM

The peso held at the P52 level against the dollar on Tuesday, its weakest in nearly 12 years, as investors gauged the effects of the Bangko Sentral ng Pilipinas' decision to cut the reserve requirement for banks. Read more »

Make up your mind, BSP tells market on reserve ratio, overheating

Michelle Ong, ABS-CBN News
Updated as of Jan 19 04:39 PM

Bangko Sentral ng Pilipinas Deputy Governor Diwa Guinigundo said Friday the market should make up its mind whether regulators should cut the reserve requirement for banks or address concerns over the economy overheating. Read more »

Inflation top risk to economy this year, 2 rate hikes likely: analyst

ABS-CBN News
Updated as of Jan 18 04:37 PM

Gradually rising inflation poses the biggest risk to the economy, with the central bank likely to raise benchmark rates up to 2 times this year, an analyst said Thursday. Read more »

Bank lending picks up while domestic liquidity slows: BSP

ABS-CBN News
Posted at Oct 31 05:54 PM

The Bangko Sentral ng Pilipinas said bank loans amounted to P6.76 trillion in September this year or P1.18 trillion higher than the P5.58 trillion recorded in the same month last year. Read more »

Tax reforms won't require policy response: Espenilla

Reuters
Posted at Oct 04 02:59 PM

The Philippines' plan to overhaul its tax system will only have a modest inflationary impact and will not need a monetary policy response, said the central bank governor, who also brushed off a sharp decline in the peso currency in an upbeat message on the economy.   Read more »

Fed's 'Great Unwinding' lifts dollar, yields and bank stocks

Marc Jones, Reuters
Posted at Sep 21 06:48 PM

Signals the Federal Reserve will hike U.S. interest rates again this year and begin the 'Great Unwinding' of a decade of aggressive stimulus, drove the dollar to a two-month high versus the yen on Thursday and sent bonds and commodities lower. Read more »

Bangko Sentral keeps rates steady as expected

ABS-CBN News
Posted at Sep 21 04:53 PM

The Philippine central bank left its benchmark interest rate unchanged at 3.0 percent on Thursday, as expected. Read more »