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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 »

BSP sees 2 more quarters of contraction before economic rebound

ABS-CBN News
Posted at May 07 04:22 PM

Bangko Sentral Governor Benjamin Diokno said Thursday the economy would likely continue contracting in the second and third quarters due to the COVID-19 pandemic before a "strong" recovery at the end of the year. Read more »

'Soft landing' for economy: Bangko Sentral signals deeper interest rate cuts

ABS-CBN News
Posted at Apr 12 02:03 PM

Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Sunday the benchmark interest rate should be cut "deeper" as the Philippines faces a "once in a lifetime crisis" due to the COVID-19 pandemic. Read more »

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 »