Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. indicated that the central bank is considering another 25-basis-point (bps) reduction in its key interest rate as early as August. “A further reduction in the key interest rate is 'on the table’,” Remolona told reporters on...
Debt watcher Moody’s Ratings said that the Bangko Sentral ng Pilipinas’ (BSP) continued easing of key borrowing costs would cushion the local economy amid a challenging external environment, driven especially by the persisting crossfire between Israel and Iran. “Continued monetary easing will...
While private-sector economists project further cuts by year-end, the escalating tensions between Israel and Iran have posed challenges for the Bangko Sentral ng Pilipinas (BSP) in its future policy stance, given the lingering threats to inflation and the peso. Bank of the Philippine Islands (BPI)...
In the aftermath of the midterm election that showed surprising upsets—and despite the prevailing uncertainty surrounding the United States’ (US) tariffs—the domestic market is gearing up for a possible interest rate cut by the Bangko Sentral ng Pilipinas (BSP). Talks going around the market...
With headline inflation falling to its lowest level in over five years, local and international financial institutions now expect the Bangko Sentral ng Pilipinas (BSP) to cut key interest rates by a total of 75 basis points (bps) by year-end, with the first reduction likely as early as the upcoming...
President Marcos’ chief economic manager stated that low and steady inflation in January gives the central bank room to cut key borrowing costs further to spur economic growth. “This is a strong indicator of the government’s commitment to keeping prices stable and signals that the BSP...
BAGUIO CITY — Another policy rate cut could be possible at the next Monetary Board (MB) meeting as the Philippine economy grows below capacity, according to the central bank’s governor. During a media information session, Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. told...
While the Philippine economy has likely accelerated further in the last three months of 2024, majority of the private-sector economists polled by Manila Bulletin doubt its degree was enough to reach the government’s growth target. Following the lower-than-expected quarter-three gross...
The Philippine central bank’s third consecutive interest rate cut this year has prompted private sector economists to anticipate continued easing, citing sluggish economic growth and subdued inflation. On Dec. 19, the Monetary Board (MB) reduced the key borrowing cost by 25 basis points (bps),...
Monetary Board (MB) member and Department of Finance (DOF) Secretary Ralph G. Recto aligned with market consensus, expecting that the central bank will likely reduce its key borrowing cost by 25 basis points during its final policy meeting on Thursday, Dec. 19. "I agree with the market consensus of...
With inflation remaining within the government's target range and economic growth slowing, private sector economists expect that the Bangko Sentral ng Pilipinas (BSP) will further reduce its borrowing cost at its Dec. 19 meeting. According to the Bank of the Philippine Islands (BPI) and think tanks...
Singapore-based United Overseas Bank (UOB) anticipates the Philippine central bank will lower borrowing costs in December, citing manageable inflation and rising risks to economic growth. “Monetary policy is well-positioned for what lies ahead,” said Julia Goh, senior economist at executive...
