President Ferdinand "Bongbong" Marcos Jr. has appointed Iglesia ni Cristo (INC) Executive Minister Eduardo Manalo as Special Envoy of the President for Overseas Filipino Concerns, the Presidential Communications Office (PCO) revealed on Saturday, Sept. 2. File photo of President Marcos with Iglesia...
The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) is expected to leave its policy rate steady at two percent during Thursday’s policy meeting, according to Moody’s Analytics. “The near-term prospects remain worrisome for the Philippines as the country copes with an intense domestic...
Last May 12, a day after the Philippine Statistical authority (PSA) reported that the country’s gross domestic product (GDP) contracted by 4.2 percent in the first quarter of the year, the Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) “decided to maintain the interest rate on...
Inflation forecast adjusted upwards The central bank’s Monetary Board decided today (February 11) to keep policy settings unchanged but adjusted the inflation forecast for 2021 higher as it sees consumer price index remaining elevated for most of this year due to supply side shocks. Bangko...
The Bangko Sentral ng Pilipinas (BSP) said Friday the Monetary Board has approved a total of $17.7 billion public sector foreign borrowings in 2020 mostly for COVID-19 response, up 82.5 percent from 2019’s $9.7 billion. In the fourth quarter of 2020 alone, the BSP approved $4.2 billion public...
After a surprised interest rate cut last month, the central bank’s Monetary Board may still decide to bring the policy rate to below two percent when it meets for the last time this year on December 17. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said Thursday that they continue...
The Bangko Sentral ng Pilipinas (BSP) is expected to keep the benchmark rate unchanged when it meets on November 19, the second to its last two Monetary Board policy meetings for the year. ING Bank, HSBC and Union Bank of the Philippines’ analysts all said that the Monetary Board will not...
The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has approved the National Government’s $3.919 billion foreign borrowings in July to September, up 47.69 percent from same period last year of $2.654 billion. The approved foreign borrowings in the third quarter include five project loans...
The Bangko Sentral ng Pilipinas (BSP) is giving banks more time to submit a transition analysis on the management of interest risk in the banking book (IRRBB) that will include how they will handle stress due to changes in IRRBB exposures. MB File The circular on IRRBB was approved by the Monetary...
MB File The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has decided to leave the key policy rate or overnight reverse repurchase (RRP) rate unchanged on Thursday, citing continued appropriate policy settings and benign inflation. In the same meeting, the seven-member BSP...
The Duterte administration has requested for a fresh provisional advance from the Bangko Sentral ng Pilipinas (BSP) in the amount of P540 billion. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. (Bloomberg file photo) “The NG has requested for fresh provisional advance of P540...
