The Bangko Sentral ng Pilipinas (BSP) is seen cutting interest rates for two consecutive policy meetings as inflation falls to below-target levels, according to Deutsche Bank Research. In a May 31 report emailed on Monday, June 2, Deutsche Bank Research forecast headline inflation in May at 1.5...
Inflation would likely fall to a five-year low in 2025, providing policy space for more interest rate cuts supportive of economic growth, according to the think tank Capital Economics. "We expect GDP [gross domestic product] growth in the Philippines to remain relatively strong in 2025, helped by...
The Economist Intelligence Unit (EIU) expects the Bangko Sentral ng Pilipinas (BSP) to cut key interest rates by an additional 100 basis points (bps) for the remainder of 2025 to arrest potentially slower economic growth as a result of the intensifying global trade war. "The BSP has room to...
The Bangko Sentral ng Pilipinas (BSP) is expected to finally push through with its much-awaited reduction in key interest rates to protect the economy from the likelihood of a wider negative outlook gap, no thanks to United States (US) President Donald Trump's reciprocal tariffs. In an April 4...
Christmas to me is riding a bike around the CCP complex when it was quieter and most of the streets were off limits to motorists. I would bike as fast as I could, challenging gravity, while singing “God Rest Ye Merry Gentlemen” faster and faster until I could go no faster on the bike, let alone...
The Monetary Board (MB) has announced a second reduction in policy rates by 25 basis points for 2024 while noting that it will “maintain a measured approach in its easing cycle.” In a statement, the Bangko Sentral ng Pilipinas said the MB decided to reduce the Target Reverse Repurchase (RRP)...
Veteran banker Jose L. Querubin will take his oath of office on Thursday, Sept. 5, as the seventh member of the Monetary Board, the top policymaking body of the Bangko Sentral ng Pilipinas (BSP). Jose L. Querubin (Photo credit: Gawad Kalinga Canada) BSP Governor Eli M. Remolona Jr....
President Marcos has appointed top banker Walter Wassmer to join the Banko Sentral ng Pilipinas (BSP) Monetary Board, the Presidential Communications Office (PCO) announced on Thursday, July 11. Walter Wassmer (file photo) Before joining the public sector, Wassmer was a consultant and non-executive...
Anita Linda R. Aquino and V. Bruce J. Tolentino's names have been struck off the roster of Monetary Board members at the Bangko Sentral ng Pilipinas (BSP). Their removal was evident on the central bank's website on Tuesday, July 2, subsequent to reports indicating their resignation effective June...
President Marcos is expected to soon announce the appointment of two bankers to the highest policy-making body of the Bangko Sentral ng Pilipinas (BSP). Walter C. Wassmer Insiders told Manila Bulletin that Walter C. Wassmer, a veteran executive from BDO Unibank Inc., will likely join...
The country’s balance of payments (BOP) is seen to register a slight surplus this year, but will reverse into a deficit in 2025, based on the latest projections approved by the Monetary Board that incorporate most recent data and developments. “The emerging external outlook for 2024 and 2025 is...
Finance Secretary Ralph G. Recto said that the central bank’s Monetary Board (MB) will hold its policy meeting on Wednesday, Feb. 14, instead of the originally scheduled Thursday, Feb. 15. Recto, who represents the government on the MB, explained that the seven-member body decided to advance the...
