Another 25-basis-point (bp) interest rate cut by the Bangko Sentral ng Pilipinas (BSP) is widely expected at its monetary policy meeting next month, as inflation slides and economic growth weakens. In a May 9 report, Deutsche Bank Research said the lower-than-expected 5.4-percent gross domestic...
Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. has warned that trade shocks are more damaging than supply shocks—as they can shrink the country’s capital stock and slow growth—which monetary policy is not equipped to address. Remolona said at the International Monetary Fund (IMF)...
Union Bank of the Philippines and the ATRAM Group have finalized their partnership, aiming to revolutionize the Philippine asset management landscape by merging their trust operations and leveraging digital innovation. Under the agreement, UnionBank will acquire a 27.5 percent stake in ATR Asset...
The coast isn 't clear yet for domestic inflation, as Singapore-based United Overseas Bank (UOB) sees looming United States (US) tariffs as a global price risk for an economy like the Philippines, which imports the bulk of the goods it consumes. "The US reciprocal tariffs after the 90-day...
Robust government spending ahead of the May 12 elections likely sped up economic growth in the first quarter, despite private consumption largely being in wait-and-see mode as Filipinos save up, according to the research arm of global financial giant Deutsche Bank. In a May 3 report received by...
Inflation would likely fall to a five-year low in 2025, providing policy space for more interest rate cuts supportive of economic growth, according to the think tank Capital Economics. "We expect GDP [gross domestic product] growth in the Philippines to remain relatively strong in 2025, helped by...
Citing a slowdown in food inflation alongside a stronger peso, the Bangko Sentral ng Pilipinas (BSP) has forecast that the April headline inflation may fall below the government’s two- to four-percent target band—potentially the slowest rate in over half a decade. Specifically, the central bank...
The Bangko Sentral ng Pilipinas (BSP) reported that domestic claims of other financial corporations reached ₱10.07 trillion in the fourth quarter of 2024, slightly increasing due to higher bank deposits. Preliminary results from the other Financial Corporations Survey (OFCS) showed that domestic...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. vowed to continue implementing measures to keep inflation under control and support sustainable economic growth, following Fitch Ratings’ reaffirmation of the country’s BBB credit rating. “The BSP took actions to help keep...
The Bangko Sentral ng Pilipinasa (BSP) approved $6.29 billion (over ₱350 billion) in proposed foreign borrowings by the Marcos administration in the first quarter of 2025, more than double last year’s figure, as the government frontloaded its debt in a cautious move to navigate volatile global...
The Bangko Sentral ng Pilipinas (BSP) on Sunday, April 28, said it is actively coordinating with CIMB Bank Philippines to address unauthorized fund transfers that have affected certain customers. Citing a statement issued by the digital-only commercial bank last Friday, April 26, CIMB Bank...
Bangko Sentral ng Pilipinas (BSP) Deputy Governor Bernadette Romulo-Puyat (second from right) led the launching of “BSP Mobile” app on April 14 at the BSP head office in Manila. Displaying the app on their mobile phones with her are (from left) BSP Deputy Governors Mamerto E. Tangonan and...
