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Singapore eases monetary policy as virus slams economy

Agence France-Presse
Posted at Mar 30 10:46 AM

The Monetary Authority of Singapore said it had flattened the slope of the band at which the local dollar is allowed to move against a basket of currencies of its major trading partners -- effectively weakening the local unit. Read more »

Bangko Sentral chief Diokno tests negative for COVID-19

ABS-CBN News
Posted at Mar 18 07:39 PM

Bangko Sentral ng Pilipinas Governor Benjamin Diokno is negative for COVID-19, the central bank chief said on Wednesday.  Read more »

Philippines eyes measures to shield economy from coronavirus: Cabinet officials

Arianne Merez, ABS-CBN News
Posted at Mar 05 03:11 PM

Cabinet Secretary Karlo Nograles and Budget Secretary Wendel Avisado said economic managers are looking into employing monetary policy as part of the government’s contingency plan against the virus’ impact on the economy. Read more »

Diokno: Virus fallout could shave 0.3 point off Philippines GDP in first half

ABS-CBN News
Updated as of Feb 06 05:37 PM

The outbreak could slow tourist arrivals from China and remittances from Filipino expatriate workers there, Diokno said. Economic managers are aiming for 6.5 to 7.5 GDP growth for 2020.  Read more »

BSP chief says there's 'a lot of room' for monetary policy adjustments

ABS-CBN News
Posted at Jan 28 12:13 AM

The Bangko Sentral ng Pilipinas is confident it still has a lot of room for monetary policy adjustments despite various inflationary pressures.  Read more »

Diokno: 'No rush' on RRR, interest rate cut to depend on data

ABS-CBN News
Updated as of Dec 20 03:29 PM

The BSP has the "luxury of time" to monitor how earlier reductions in the RRR have affected the market. It's "desire" is for freed up liquidity to go to small and medium scale lending, he said. Read more »

Bangko Sentral's Diokno signals 50-point interest rate cut in 2020

ABS-CBN News
Updated as of Dec 13 05:03 PM

The BSP kept the overnight borrowing rate at 4 percent during its last policy meeting for the year on Thursday, after slashing 75 basis points of the benchmark throughout 2019. Read more »

Bangko Sentral pauses interest rate cuts

ABS-CBN News
Posted at Nov 14 04:08 PM

The overnight borrowing rate, used by banks to price loans was kept at 4 percent. The Monetary Board last cut the benchmark by 25 basis points last Sept. 26, for a total of 75 basis points this year. Read more »

Bangko Sentral ends interest rate, reserve requirement cutting for 2019

ABS-CBN News
Updated as of Nov 04 02:55 PM

The central bank will "pause for a while" after slashing the benchmark interest rate by 75 basis points, bringing it to 4 percent, and reducing the reserve requirement ratio for banks to 14 percent, Diokno told ANC. Read more »

Bangko Sentral seen to pause rate cuts for 'extended period'

ABS-CBN News
Updated as of Oct 25 03:32 PM

The BSP slashed the overnight borrowing rate by a total 75 basis points, bringing it to 4 percent. The last of 3 25-point cuts was announced last Sept. 26. Read more »

Singapore eases monetary policy, avoids recession

Agence France-Presse
Posted at Oct 14 10:38 AM

Singapore eased monetary policy for the first time in over three years Monday as the US-China trade war bites, while the export-reliant economy narrowly avoided recession in the third quarter. Read more »

Bangko Sentral to continue cutting RRR in next 2 years: analyst

ABS-CBN News
Posted at Sep 30 11:51 AM

The Bangko Sentral ng Pilipinas will likely cut reserve requirement for banks in the next 2 years, in line with its long-term goal of bringing the total to single digit, an analyst said Monday.  Read more »

Bangko Sentral cuts reserve requirement for banks by another 100 basis points

ABS-CBN News
Posted at Sep 27 06:27 PM

The reserve requirement for universal and commercial banks was trimmed to 15 percent from 16 percent, thrift banks to 5 percent from 6 percent, and rural banks to 3 percent from 4 percent. Read more »

Bangko Sentral cuts interest rates for third time this year

ABS-CBN News
Updated as of Sep 26 07:36 PM

The Bangko Sentral ng Pilipinas cut the benchmark interest rate on Thursday amid expectations of cooling inflation slowing growth. Read more »

Diokno: Interest rate, RRR cuts may come 'sooner than later'

ABS-CBN News
Posted at Sep 13 12:08 PM

The MB last cut the overnight borrowing rate used by banks to price loans by 25 basis points last Aug. 8, after first half growth slowed to a 4-year low. The policy body has 3 more meetings left this year, on Sept. 26, Nov. 14 and Dec. 12. Read more »

Diokno says another 25-basis point rate cut coming by end-2019

Reuters
Posted at Aug 27 01:43 PM

Further cutting banks' reserve requirement ratio (RRR) is a "live issue," the regulator also said Read more »

World's central banks cut rates as recession worries mount

Jeanna Smialek and Karl Russell, The New York Times
Posted at Aug 16 09:30 AM

The moves collectively end an era when major central banks hoped, and in some cases tried, to return low rates and large balance sheets — hallmarks of recovery efforts after the Great Recession — back to normal levels. Read more »

PH finance chief: Slowdown in PH Q2 GDP growth expected

ABS-CBN News
Posted at Aug 09 11:23 PM

The Philippine economy is widely expected to bounce back from a second quarter of slowing growth. Read more »

BSP's Diokno: Banks' reserve requirement may be cut in September

Cathy Yang, ABS-CBN News
Posted at Aug 09 03:41 PM

A cut in the RRR, which would increase liquidity in the financial system, "is always on the table," Diokno said, adding his goal was to reduce it to "single digit" by the end of his term. Read more »

Bank lending growth slows; domestic liquidity expands: BSP

ABS-CBN News
Posted at Jul 31 07:13 PM

MANILA - The Bangko Sentral ng Pilipinas said bank lending posted slower growth in June compared to May.  Read more »