monetary-policy | ABS-CBN News

'Worst is over': Medalla says inflation may revert within target by Q3

Jessica Fenol, ABS-CBN News
Posted at Jan 12 11:01 AM

BSP Governor Medalla said the worst could be over for inflation as signs of depreciation are observed. Read more »

Japan central bank tweaks monetary policy, yen strengthens

Hiroshi Hiyama and Sara Hussein, Agence France-Presse
Posted at Dec 20 01:24 PM

Japan's central bank tweaked its longstanding monetary easing program on Tuesday, in a surprise move that saw the yen strengthen quickly against the dollar while Tokyo stock markets fell. Read more »

BSP hikes rate by 75-bps to match Fed, fight inflation

ABS-CBN News
Updated as of Nov 17 04:24 PM

The Bangko Sentral ng Pilipinas on Thursday hiked the benchmark interest rate by 75 basis points to 5 percent. Read more »

US Fed may slow rate hike in December: analyst

ABS-CBN News
Updated as of Nov 17 11:01 AM

The projected lower interest rate hike by the US Federal Reserve in December is an improvement from its successive 75-bps hikes, an analyst said. Read more »

BSP says to 'match' US Fed’s 75 bps rate hike on Nov. 17

ABS-CBN News
Updated as of Nov 03 11:48 AM

The Bangko Sentral ng Pilipinas on Thursday said it is likely to increase the country’s key policy rate by 75 basis points. Read more »

UN urges monetary easing to avert recession threat

Agnès PEDRERO, Agence France-Presse
Updated as of Oct 04 02:45 PM

The United Nations urged central banks to loosen their belts in order to avoid a global recession, saying financial tightening risked pushing the world into grim prolonged stagnation. Read more »

IMF cuts Philippine growth forecast as rates rise

Warren de Guzman, ABS-CBN News
Posted at Sep 26 06:28 PM

The International Monetary Fund has reduced its growth outlook for the Philippines to 6.5 percent, from 6.7 percent. Read more »

NEDA bets on 'pamasko' remittances to stabilize peso

Warren De Guzman, ABS-CBN News
Updated as of Sep 23 06:30 PM

The NEDA is betting on the influx of pamasko and holiday remittances to strengthen the peso against the US dollar, an official said. Read more »

Asian markets suffer further losses as central banks turn screws

Agence France-Presse
Posted at Sep 23 11:48 AM

Asian markets fell again Friday as part of a global sell-off fuelled by recession fears after central banks around the world ramped up interest rates to fight decades-high inflation. Read more »

US Fed opens policy meeting with steep rate hike on the table

Agence France-Presse
Posted at Sep 21 08:24 AM

US central bankers opened their two-day policy meeting on Tuesday with another steep interest rate hike seen as a near certainty amid stubbornly high inflation. Read more »

Medalla: Interest rate hikes stabilizing peso

Jessica Fenol, ABS-CBN News
Posted at Aug 05 05:16 PM

Interest rate hikes appear to be working in stabilizing the peso, BSP Governor Felipe Medalla said Friday. Read more »

More rate hikes seen as prices stay elevated: Fitch Ratings

ABS-CBN News
Posted at Aug 05 12:12 PM

The BSP is likely to implement more interest rate hikes as prices remain on the rise, Fitch Ratings Director for APAC Banks Willie Tanoto said. Read more »

Medalla says policy rate supportive of economic growth; signals hike in August

Jessica Fenol, ABS-CBN News
Posted at Jul 26 11:02 AM

The robust Philippine economy can absorb the recent surprise increase in the benchmark interest rate, BSP Governor Felipe Medalla said. Read more »

ECB surprises with aggressive rate hike, first since 2011

Sebastien Ash, Agence France-Presse
Posted at Jul 21 10:09 PM

The European Central Bank brought an end to the era of negative interest rates in the eurozone, with a bigger than expected half-point hike as inflation soars. Read more »

Another 100 bps rate hike unlikely to hurt economy: analyst

ABS-CBN News
Updated as of Jul 19 04:52 PM

Another 100-basis points interest rate hike is also unlikely to hurt the economic recovery, an analyst said Tuesday. Read more »

Confused on interest rate hike? Here's what it means

Jekki Pascual and Edson Guido, ABS-CBN News
Posted at Jul 15 04:00 PM

Higher interests in loans could discourage people to apply for loans, including housing, car loans or even credit card use. Read more »

Peso closes at P55.979 to a dollar

ABS-CBN News
Posted at Jul 11 05:05 PM

The Philippine peso on Monday closed at P55.979 against the dollar, according to the data by Bankers Association of the Philippines website. Read more »

Peso closes at P55.06 to the dollar

ABS-CBN News
Updated as of Jun 29 07:12 PM

The Philippine peso settled at P55.06 to the dollar at the end of Wednesday’s trading, according to the Bankers Association of the Philippines. Read more »

Exports, remittances, BPOs to support peso: next BSP chief

ABS-CBN News
Posted at Jun 28 09:10 PM

A day after the peso weakened to P55.15 to the dollar in intraday trading Felipe Medalla said nearly all currencies are depreciating against the greenback. Read more »

Central bank chiefs meet to discuss inflation challenge

Agence France-Presse
Posted at Jun 27 03:46 PM

Central bank chiefs and economists gather Monday evening to discuss the best approach to the inflationary challenges exacerbated by Russia's invasion of Ukraine. Read more »