Despite recent pronouncements by the Bangko Sentral ng Pilipinas (BSP) that one more policy rate cut before year-end would maintain the “Goldilocks” level, the Economist Intelligence Unit (EIU) still forecasts two more reductions at each of the two remaining Monetary Board (MB) interest rate...
Consumer prices may have risen at a faster pace in August, the central bank projected, as recent typhoons and excessive rainfall likely stoked the cost of basic goods, especially food items. Last month’s inflation is expected to clock within the range of one percent to 1.8 percent, according to...
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...
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...
“I was thrilled,” Bangko Sentral ng Pilipinas (BSP) Deputy Governor for regional operations and advocacy sector, Bernadette “Berna” Romulo-Puyat, unabashedly shared her feelings about her close encounter with US Federal Reserve (US Fed) Chairman Jerome Powell. DG Berna was among the...
With an already narrow output gap and the economy in a “goldilocks” or ideal state, the Bangko Sentral ng Pilipinas (BSP) said slashing key borrowing costs further by three-quarters of a point is unlikely, with two cuts more likely than one. “I think two is more likely than one. Two is still...
Despite recent interest rate cuts by the Bangko Sentral ng Pilipinas (BSP), inflation hitting nearly six-year lows in recent months, and still-muted second-quarter growth in some sectors, further reductions in key borrowing costs are seen as necessary. “We think the second-quarter GDP [gross...
Amid expectations of slower economic growth and lower inflation this year, global investment banking giant Goldman Sachs sees more interest rate cuts by the Bangko Sentral ng Pilipinas’ (BSP) Monetary Board (MB) during the next three quarters before pausing its easing cycle. In an Aug. 7 report,...
The Philippines and Southeast Asia may attract foreign investments avoiding China and India if the United States (US) pushes through with its threat of higher tariffs on Indian goods, according to the think tank Capital Economics. “[US] President [Donald] Trump’s threat to impose an additional...
