The relative strength or weakness of the Philippine peso would be a consideration for monetary authorities in determining the extent and pace of the ongoing policy easing cycle, economists said. Following the 25-basis point (bp) reduction in the policy rate to six percent on Wednesday, Oct. 16,...
Economic think tanks look forward to more interest rate cuts by the Bangko Sentral ng Pilipinas (BSP) following its second-straight 25-basis point (bp) reduction in the policy rate on Wednesday, Oct. 16. Capital Economics assistant economist Harry Chambers noted in a report that after the BSP again...
By DERCO ROSAL As another Bangko Sentral ng Pilipinas (BSP) interest rate cut looms, economists and bankers are citing various factors entailing easy monetary policy, including slowing inflation and economic growth. Bank of the Philippine Islands (BPI) lead economist Emilio S. Neri Jr. also expects...
The Chamber of Thrift Banks (CTB) is once again urging the Bangko Sentral ng Pilipinas (BSP) to reduce the minimum liquidity ratio (MLR) for thrift banks to 16 percent. Despite the central bank's opposition, CTB president Cecilio San Pedro said a lower MLR would provide much-needed flexibility for...
DoubleDragon Corporation is looking to raise as much as P30 billion over the next two years through the issuance of retail bonds as part of its plan to boost its financial position and cash reserves. In a regulatory filing on Wednesday, Oct. 9, DoubleDragon said that the bonds will be issued in...
The drop in Philippine inflation reflects weaker demand as consumers' pockets hurt by high prices and interest rates dry up, according to Deutsche Bank Research. Citing the over four-year low headline rate, Deutsche Bank's economist for the Philippines Junjie Huang said in an Oct. 4 report that "if...
By Derco Rosal Amid consensus expectations that inflation slid in September, the majority of economists polled by Manila Bulletin are looking forward to the Bangko Sentral ng Pilipinas' (BSP) decision to further reduce interest rates during its upcoming monetary policy meeting on Oct 16. Following...
Downward interest rates and bank reserves would bolster loans to productive economic sectors in the Philippines, according to the World Bank. "Along with lower inflation, the reductions in the real interest rate and lower reserve requirements could spur demand for credit in the near term by...
Senate President Francis "Chiz" Escudero says it's about time to waive service fees on certain electronic fund transfers, as these are long overdue. Escudero had this to say as he backed Bangko Sentral ng Pilipinas' (BSP) move to remove such charges for personal transactions and payments to micro,...
As inflation eases, more economists anticipate two additional interest rate cuts of 25 basis points (bps) each by the Bangko Sentral ng Pilipinas (BSP) in its remaining policy meetings for 2024. In a Sept. 27 report, senior Asia economist Gareth Leather and assistant economist Harry Chambers at...
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...
President Marcos' chief economic manager expects further appreciation of the peso against the US dollar, driven by increased remittance inflows during the upcoming holiday season. In a briefing on Tuesday, Sept. 24, Finance Secretary Ralph G. Recto explained that the local currency typically...
