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BSP: Policy rate 'normalization' likely in second half

Jessica Fenol and Warren De Guzman, ABS-CBN News
Posted at Apr 01 10:56 AM

Monetary policy 'normalization' could begin in the second half of the year, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said. Read more »

BSP eyes keeping 'patient hand' on monetary policies

ABS-CBN News
Posted at Feb 04 10:55 AM

The Bangko Sentral ng Pilipinas said Friday the slower inflation in January provides enough room to remain patient in terms of monetary policies. Read more »

BSP says waiting for right conditions to unwind stimulus

Jekki Pascual, ABS-CBN News
Posted at Jan 06 06:35 PM

The Bangko Sentral ng Pilipinas is ready to unwind its support for the country’s pandemic-battered economy when the conditions are right, Diokno said. Read more »

Banks tighten lending standards in Q3: BSP survey

ABS-CBN News
Posted at Oct 21 09:39 PM

The BSP said banks became stricter about lending money to businesses and consumers in the July to September period, based on its survey. Read more »

Interest rate adjustment, RRR cut untimely: BSP

ABS-CBN News
Updated as of Aug 09 03:50 PM

Raising key borrowing rates and reducing the reserve requirement for banks at this time is "untimely" and would be counterproductive in fostering economic growth, Bangko Sentral Governor Benjamin Diokno said Monday. Read more »

Bangko Sentral keeps key interest rates unchanged

ABS-CBN News
Updated as of Jun 24 05:09 PM

The Bangko Sentral ng Pilipinas on Thursday kept key interest rates steady in line with analysts' expectations. Read more »

Bangko Sentral keeps interest rates steady

ABS-CBN News
Updated as of Feb 11 04:33 PM

The Bangko Sentral ng Pilipinas kept interest rates steady on Thursday in line with analysts' expectations.  Read more »

Bangko Sentral makes surprise rate cut as economic slump continues

ABS-CBN News
Updated as of Nov 19 05:40 PM

The Bangko Sentral ng Pilipinas made a surprise 25 basis points policy rate cut on Thursday, bringing the overnight reverse repurchase facility to a new historic low of 2 percent. Read more »

Bangko Sentral should weaken peso to stimulate economy: economist

ABS-CBN News
Posted at Nov 09 01:27 PM

The Bangko Sentral ng Pilipinas should weaken the peso to stimulate the economy as simply easing monetary policy does not work during recessions, an economist said on Monday.  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 »

Bangko Sentral raises banks' real estate loan limit

ABS-CBN News
Posted at Aug 20 01:17 PM

The Bangko Sentral ng Pilipinas said Thursday it raised the real estate loan limit of universal and commercial banks to infuse more liquidity for real estate lending.  Read more »

Bangko Sentral cuts reserve requirement ratio of thrift, rural banks by 100bps

ABS-CBN News
Updated as of Jul 21 10:32 AM

The Bangko Sentral ng Pilipinas (BSP) on Tuesday said it cut the reserve requirement ratio for thrift, savings and cooperative banks by 100 bps effective July 31. 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 »

Bangko Sentral to cut reserve requirement as needed: Diokno

ABS-CBN News
Posted at May 20 05:09 PM

Bangko Sentral ng Pilpinas Governor Benjamin Diokno said Wednesday he was ready to cut banks' reserve requirement further should financial markets need more cash to circulate. 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 »

Hiking interest rates 'illogical' for banks in time of COVID-19: Bangko Sentral

ABS-CBN News
Posted at Apr 15 11:16 AM

Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Wednesday it would be "illogical" at this time for banks to increase interest rates at a time when regulators are lowering borrowing costs to help the public cope with the COVID-19 pandemic. 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 »

Bangko Sentral likely to resume easing in first half: Fitch Solutions

ABS-CBN News
Updated as of Jan 10 10:28 AM

The Bangko Sentral ng Pilipinas has scope to resume its monetary policy easing in the first half, with inflation within target, a Fitch Solutions analyst said Friday. Read more »