The Bangko Sentral ng Pilipinas' (BSP) monetary policy easing cycle is expected to extend until the first half of 2025, to slash the key interest rate to 4.75 percent, according to the think tank Capital Economics. "The central bank [BSP] cut interest rates at its August meeting. With growth set to...
Beyond the potential for the Bangko Sentral ng Pilipinas (BSP) to ease monetary policy further, what are the broader implications of the US Federal Reserve's substantial 50 basis points interest rate cut? What effects could this have on the Philippine peso, exports (especially if the peso...
Easy monetary policy supportive of economic growth across the Asia-Pacific region would follow the US Federal Reserve's cut in interest rates by an aggressive 50 basis points (bps), according to the top economist of the Manila-based Asian Development Bank (ADB). "I think it's good for the region...
NEW YORK (AP) — The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses. On Wednesday, the Fed announced that it reduced its key rate by an unusually large...
By Derco Rosal As the Bangko Sentral ng Pilipinas (BSP) started to implement interest rate cuts, small business owners are feeling a wave of optimism. For entrepreneurs like Grace Sarmiento, who owns a hardware store in Cagayan, these changes could signify not just relief but also opportunity. The...
NEW YORK — Mortgage rates, credit card rates, auto loan rates, and business loans with variable rates will all likely maintain their highs, with consequences for consumer spending, after the Federal Reserve indicated Wednesday that it doesn't plan to cut interest rates until it has "greater...
WASHINGTON — The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn't plan to cut interest rates until it has "greater confidence" that price increases are slowing sustainably to its 2% target. The Fed issued its decision in...
CAMP VICENTE LIM, Laguna – The Quezon Police Provincial Office (QPPO) activated on Sunday, March 17, a Special Investigation Task Group (SITG) to probe the murder of a Japanese girl and her Filipino mother in Tayabas City, Quezon last month. POLICE inspect on Saturday, March 16, the area in...
Filipinos looking to take out loans for major expenses can find some relief, as the Department of Finance (DOF) expects that interest rates are likely to remain steady or even decrease in the latter half of the year. On the sidelines of the Bureau of Internal Revenue’s National Tax Campaign...
Finance Secretary Ralph G. Recto said that interest rates would go down in the second semester of the year. On the sidelines of the annual reception for the banking community late Friday, Jan. 26, Recto stated that he expects a decrease in the cost of borrowing, both domestically and offshore,...
The Department of Finance (DOF) said the projected slowdown in inflation this year would not only be favorable for consumers, but it may also serve as a reason for the Bangko Sentral ng Pilipinas (BSP) to reduce borrowing costs. Finance Secretary Benjamin E. Diokno said on Monday, Jan. 8, that the...
There is high probability that gasoline and diesel prices will not change next week, but consumers could expect rollback in kerosene prices by P0.45 to P0.85 per liter, according to the oil companies. Based on the industry players’ calculations, the cost movement for gasoline could either be a...
