The Bangko Sentral ng Pilipinas is considering two more cuts to key borrowing costs, driven by easing inflation and an economic slowdown attributed to consumer and business uncertainty. Two cuts are “possible,” BSP Governor Eli M. Remolona Jr. told reporters on the sidelines of the 32nd BSP...
The Bangko Sentral ng Pilipinas’ (BSP) push for personal equity and retirement accounts (PERA) is expected to promote the wider adoption of open finance in the Philippines, according to the Tokyo-based think tank Asian Development Bank Institute (ADBI). “The BSP remains committed to advancing...
As manufacturers experience only mild producer price inflation, central banks in emerging markets (EMs), including the Philippines, are expected to cut interest rates some more in the near term. “Encouragingly, the price components of the PMIs [purchasing managers’ indices] fell again in June....
Foreign currency-denominated bank loans in the country posted a slight decrease in the first three months of the year, driven by weakened demand for both short and long-term borrowing from residents and non-residents alike. According to data from the Bangko Sentral ng Pilipinas (BSP), foreign...
The Philippines ' net external liabilities surged by nearly six percent in the first quarter of the year, as the growth of the country 's foreign financial obligations outpaced the expansion of its overseas investments. According to the Bangko Sentral ng Pilipinas (BSP), the increase in...
Citing elevated oil prices and the recent depreciation streak of the Philippine peso, the Bangko Sentral ng Pilipinas (BSP) raised its inflation forecast for June, with the upper band at nearly two percent. According to the BSP’s statement, released on Monday, June 30, consumer price increases...
A slightly higher inflation rate that remains below two percent in June would allow the Bangko Sentral ng Pilipinas (BSP) to cut interest rates some more in August, economists said. In a June 27 report, Deutsche Bank Research economist Junjie Huang said headline inflation could have inched up to...
After swinging to a $3-billion deficit in the first quarter, the Philippines’ balance of payments (BOP) is projected to more than double at $6.3 in the second quarter of the year, marking its widest shortfall in more than four years since the $9.14 billion posted in the last quarter of 2020, the...
United States-imposed (US) reciprocal tariffs, a three-month pause of which is concluding 10 days from now, caused a decline in the confidence index of businesses in the second quarter of the year, while Filipino consumers’ confidence was deeply hurt by the insufficient income and fewer jobs...
Prices for housing units in the Philippines rose at a much slower pace in the first three months of the year, although costs in Metro Manila posted a double-digit surge. Data from the Bangko Sentral ng Pilipinas (BSP) showed on Friday, June 27, that the nationwide Residential Property Price Index...
Exactly 34 days from now, a change in the stewardship of the Bangko Sentral ng Pilipinas ' (BSP) Financial Supervision Sector (FSS) is upon us, as its current head reaches the mandatory retirement age. It feels like just yesterday she walked into the corridors of what was then known as the...
Downward inflation across the region would allow Asian central banks, including the Bangko Sentral ng Pilipinas (BSP), to cut interest rates further until year-end, according to the think tank Oxford Economics. “Inflation in Asia is approaching or has already fallen below the lower bound of...
