The Bangko Sentral ng Pilipinas (BSP) is seen cutting interest rates for two consecutive policy meetings as inflation falls to below-target levels, according to Deutsche Bank Research. In a May 31 report emailed on Monday, June 2, Deutsche Bank Research forecast headline inflation in May at 1.5...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. said that further cuts in banks’ reserve requirement ratio (RRR) may happen next year as the central bank looks to ramp up its liquidity management and make the yield curve more reliable. “It might be for next year. We are trying to...
Bangko Sentral ng Pilipinas (BSP) Assistant Governor Zeno Ronald R. Abenoja was officially sworn in on Tuesday, May 20, as the new Deputy Governor for the Monetary and Economic Sector, succeeding Francis Dakila following his recent retirement. BSP Governor Eli M. Remolona Jr. administered the oath...
The Bangko Sentral ng Pilipinas (BSP) is expected to immediately follow through on last week's 25-basis-point (bp) cut in key interest rates with a similar reduction at its next policy meeting on June 19. "For now, we maintain our view for the BSP's next 25-bp rate cut in June, but it remains...
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...
While a possibility of a 75 basis-point cut in the key policy rate remains off the table, the Bangko Sentral ng Pilipinas (BSP) has signaled a total of 50 basis points (bps) over 2025, a move to cushion inflation risks. BSP Governor Eli M. Remolona Jr. told reporters during a media...
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...
The Bangko Sentral ng Pilipinas (BSP) urges banks to prioritize digitalization and financial inclusion to boost economic growth. This call by BSP Governor Eli M. Remolona Jr. to action came during the annual bankers' night held last Friday, Jan. 10, which was attended by key figures in the banking...
The Bangko Sentral ng Pilipinas (BSP) highlighted the Philippines’ potential as an investment destination for Islamic finance, citing the country's growing economy and the government’s push for financial inclusion. In a statement on Monday, Dec. 2, BSP Governor Eli M. Remolona, Jr. said that...
Mactan, Cebu — The Bangko Sentral ng Pilipinas (BSP) may keep borrowing costs steady if inflationary pressures continue and economic growth remains sluggish in the final quarter of the year, the central bank chief said. "Our readings indicate that there’s still some inflationary pressure, and...
Mactan, Cebu — Amid Trump's comeback, the Bangko Sentral ng Pilipinas (BSP) is considering a 25 basis points (bps) reduction in borrowing costs, either in December or at the next Monetary Board (MB) meeting, as the central bank continues its easing cycle, according to an official. During the...
JPMorgan Chase boss Jamie Dimon met with local business leaders and Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. on Wednesday, Sept. 25. The roundtable discussion featured prominent business leaders, including SM Investments Corp. Chairman Amando M. Tetangco Jr., Ayala Corporation...
