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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 »

ECB opens door to rate cuts, more QE, tiering

Reuters
Updated as of Jul 26 07:39 AM

The European Central Bank revamped its interest rate guidance on Thursday and asked its staff to prepare options for more policy easing, explicitly opening the door to a rate cut as well as more bond buys as soon as September. Read more »

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 »