Following a string of interest rate cuts last year, bank lending accelerated further in January 2025, posting its fastest growth in over two years, according to the Bangko Sentral ng Pilipinas (BSP). The latest central bank data showed that lending by big banks expanded by 12.8 percent year-on-year...
Private sector economists believe the Bangko Sentral ng Pilipinas (BSP) has room to cut interest rates after February's inflation fell to a five-month low of 2.1 percent. While some urge caution due to global uncertainties, others expects rate cuts as early as June, with the BSP's next meeting on...
With the Philippine central bank holding off on slashing key interest rates amid global economic uncertainties, the World Bank expects its recent move to lower banks’ reserve requirements to stimulate lending activity. According to the multilateral lender’s latest report on the...
The anticipated further reduction in interest rates will support this year's robust Philippine economic expansion, according to the think tank Capital Economics. "We expect growth to remain relatively strong in 2025, helped by policy loosening from the central bank," Capital Economics senior...
If the Bangko Sentral ng Pilipinas (BSP) prolongs its monetary policy easing pause, it may be forced to implement steeper interest rate reductions later, as persisting economic weakness threatens growth, according to Deutsche Bank. "Delaying further rate cuts could risk the BSP having to do more in...
Singapore-based United Overseas Bank (UOB) believes the Bangko Sentral ng Pilipinas (BSP) will no longer slash reserve requirement ratios (RRRs) beyond its across-the-board cuts announced last week. “With RRR for big banks reaching a mid-single digit as envisioned by the BSP under its medium-term...
Foreign banks that previously withdrew from the Philippines may soon return following the country’s official removal from the Financial Action Task Force’s (FATF) ‘grey list,’ signaling improved financial compliance and reduced regulatory risks. On Friday, Feb. 21 (Paris time), the FATF, a...
The Bangko Sentral ng Pilipinas (BSP) reported a net income of ₱113.6 billion from January to November 2024, a surge of over ₱90 billion compared to the same period in 2023. The end-November figure is also a nearly 400 percent increase (387.55 percent) from 2023's net income of ₱23.3...
The Bangko Sentral ng Pilipinas (BSP) has reminded all banks to accept unfit or mutilated Philippine banknotes and coins from the public to maintain the integrity of the national currency. In a statement, the BSP urged banks to exchange damaged currency for fit or clean banknotes and coins free of...
The Bangko Sentral ng Pilipinas (BSP) announced on Friday, Feb. 21 that it will reduce the reserve requirement ratios (RRRs) for big banks by 200 basis points (bps). This reduction will lower the RRRs for universal and commercial banks, as well as non-bank financial institutions with...
Amid heightened uncertainties wrought by US President Donald Trump’s tariffs, a cautious Bangko Sentral ng Pilipinas (BSP) is seen to resume policy easing by April at the earliest after last week’s pause. Think tank Capital Economics said in a Feb. 18 report that rising interest rates in...
Strong demand for government long-term debt papers drove yields lower, fueled by expectations of central bank interest rate cuts and easing US Treasury yields. On Tuesday, Feb. 18, the Bureau of the Treasury (BTr) successfully raised ₱30 billion through the auction of reissued 10-year bonds....
