The Bangko Sentral ng Pilipinas (BSP) expects August 2025 inflation to accelerate to a median of 1.4 percent, a modest increase from July but a significant deceleration from last year. The central bank projects a range of 1.0 percent to 1.8 percent for the month. The forecast is a jump from...
For over three weeks now, the news has been centered on the negative: the questionable, if not altogether ghost, flood control project; online gambling; and the recent unceremonious departure of four-star Philippine National Police Chief Gen. Nicolas Torre III. Yes, Virginia, all these developing...
While the Bangko Sentral ng Pilipinas (BSP) has signaled one more interest rate cut by year-end following the widely expected 25-basis-point (bp) reduction on Thursday, Aug. 28, the central bank chief said the next move could mark the end of the easing cycle. “With the data we’re looking at...
Citing steady domestic demand coupled with still-tame inflation, the Bangko Sentral ng Pilipinas (BSP) has delivered its widely expected third key policy rate cut, lowering it by a quarter of a point to five percent. “The Monetary Board (MB) observed that domestic demand has held firm,” BSP...
Ayala-led Bank of the Philippine Islands (BPI) expects the Bangko Sentral ng Pilipinas (BSP) to extend its easing cycle until the first quarter of 2026, after the widely expected two-quarter-point rate cuts by year-end, to stimulate growth as price pressures remain subdued. “We think there’s...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. has expressed concern over growing divisions among United States (US) officials on the monetary policy direction of the world’s largest economy. On the sidelines of the Manila Tech Summit on Tuesday, Aug. 26, Remolona told reporters...
Investment banking giant Goldman Sachs expects the Bangko Sentral ng Pilipinas (BSP) to cut key interest rates by 25 basis points (bps) on Thursday, Aug. 28, amid low domestic inflation and slower economic growth. In an Aug. 22 report obtained by Manila Bulletin, Goldman Sachs Economics Research...
While the Bangko Sentral ng Pilipinas (BSP) has already moved to unlink in-app online gambling platforms from financial institutions, the central bank chief affirmed the possibility of the Philippines returning to the money-laundering watchlist should the government fail to contain persisting...
Germany-based Deutsche Bank said a quarter-point rate cut on Thursday would help support Philippine economic activity, following the Bangko Sentral ng Pilipinas’ (BSP) revised forecast that the negative output gap will persist until 2027. “We see the BSP lowering its policy rate by 25 bps...
Housing construction, which sharply slowed in the second quarter and pulled gross domestic product (GDP) growth toward the lower end of the government’s target, will likely recover only if the Bangko Sentral ng Pilipinas (BSP) delivers a jumbo rate cut on Thursday. While the University of Asia...
In a shift from its recent cautious stance, British banking giant HSBC now believes the Bangko Sentral ng Pilipinas (BSP) has the room to quicken and deepen its monetary easing cycle, driven by continued positive developments in the inflation outlook. According to HSBC ASEAN Economist Aris...
“As a policy, we don’t touch online gambling. It’s a prohibited category for us!” This was the clear-cut response from my former colleague in the banking and finance beat, Jay Tirona, now the chief executive officer of NTT DATA Payment Services Philippines. He said this at the launch of...
