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)...
While the Bangko Sentral ng Pilipinas (BSP) sees no need just yet to defend the Philippine peso amid global oil price risks, the plunging local currency may push monetary authorities into more cautious policy easing moving forward, economists said. Japanese financial giant MUFG Bank Ltd. said that...
The peso dropped to the ₱57 level against the United States (US) dollar on Thursday morning, June 19, ahead of the expected Bangko Sentral ng Pilipinas (BSP) interest rate cut later in the day. According to the Bankers Association of the Philippines (BAP), the local currency opened at ₱57.1,...
Singapore-based United Overseas Bank (UOB) has downgraded its 2025 economic growth forecast for the Philippines amid global trade uncertainties, which, in turn, bolstered its expectations of further interest rate cuts. In its new quarterly global outlook report for the third quarter of 2025,...
Even as the Philippine peso depreciated against the United States (US) dollar at a pace that was among the worst among emerging market (EM) currencies last week, the Bangko Sentral ng Pilipinas (BSP) is still expected to cut interest rates this week. Data from the Bankers Association of the...
Netherlands-based financial giant ING does not expect the Bangko Sentral ng Pilipinas (BSP) to end its easing cycle in the upcoming monetary policy meeting, citing below-target inflation and a continued appreciation of the peso. These factors, coupled with “high real rates, and uncertainty over...
Expectations are growing among foreign banks for the Bangko Sentral ng Pilipinas (BSP) to reduce key interest rates consecutively when its Monetary Board (MB) decides on the policy stance in June and August, with global investment banking giant Goldman Sachs joining the chorus. "We continue to...
Singapore 's DBS Bank Ltd. expects the Bangko Sentral ng Pilipinas (BSP) to end its easing cycle in the third quarter of this year—a year after it began loosening monetary policy in August last year. "The Philippine central bank, the BSP, is on course with its rate cuts. Another 50-basis...
Department of Foreign Affairs (DFA) Secretary Enrique Manalo and United States Secretary of State Marco Rubio will meet on Monday, June 9, “to discuss matters of mutual interest.” (From left) US Secretary of State Marco Rubio and DFA Secretary Enrique Manalo (AP, DFA) In his pre-departure...
With falling inflation and elevated positive real interest rates, the Bangko Sentral ng Pilipinas (BSP) is all set to further slash the key borrowing rate on June 19, according to Singapore-based United Overseas Bank (UOB). The five-and-a-half-year low headline inflation of 1.3 percent recorded in...
With inflation accelerating to its lowest pace in nearly six years in May, private-sector economists expect the Bangko Sentral ng Pilipinas (BSP) to continue reducing key borrowing costs this month. Inflation slowed further to 1.3 percent in May from 1.4 percent in April, marking the slowest pace...
The further interest rate cuts anticipated from the Bangko Sentral ng Pilipinas (BSP) may slightly weaken the peso to beyond the mid-₱56 level this year, according to consensus forecasts collected by the Barcelona-based FocusEconomics. In its June 2025 consensus forecast report for the...
