With headline inflation falling to its lowest level in over five years, local and international financial institutions now expect the Bangko Sentral ng Pilipinas (BSP) to cut key interest rates by a total of 75 basis points (bps) by year-end, with the first reduction likely as early as the upcoming...
China has summoned Philippine Ambassador to China Jaime FlorCruz in Beijing to raise concerns over the Philippines’ decision to ease restrictions on government officials traveling to Taiwan to promote economic and trade relations. (Flags of China and Philippines) “Beijing has lodged...
BSP Governor Eli Remolona Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. is optimistic that the resumption of monetary policy easing will help narrow the gap between the economy’s subpar output growth and its full potential. “I hope so. That’s [policy easing] our main tool. We...
With the Bangko Sentral ng Pilipinas (BSP) resuming cuts on borrowing costs, private-sector economists expect the central bank to slash the key interest rate by an additional three-quarter point by the end of 2025. This followed the Monetary Board (MB) decision to reduce the policy rate by 25 basis...
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...
The Commission on Elections (Comelec) has asked Mataas na Kahoy town Vice Mayor Jay Ilagan explain on Monday, April 7 his controversial remarks about rival Batangas gubernatorial candidate and former actress Vilma Santos-Recto. Mataas na Kahoy Vice Mayor Jay Ilagan (Photo from Jay Manalo Ilagan...
The Commission on Elections (Comelec) issued a show cause order against Misamis Oriental Governor Peter Unabia over his derogatory remarks against nurses during a campaign event last April 3. Misamis Oriental Governor Peter Unabia. (Screenshot from Peter "Sr. Pedro" Unabia Facebook page) Comelec's...
Amid tariff war-saturated global uncertainty and rising domestic prices, the potential for an inflation surge weighs heavily on the central bank's contemplated April 10 interest rate reduction. Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. said in an interview with Bloomberg...
Finance Secretary Ralph G. Recto President Marcos’ chief economic manager and representative in the Monetary Board (MB) has projected a 75-basis point (bp) reduction in the central bank’s interest rates this year, anticipating this would catalyze economic growth to seven percent or...
BSP Governor Eli M. Remolona Jr. Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. has confirmed that another cut in borrowing costs is possible at the upcoming April 10 monetary policy meeting, potentially bringing the key policy rate down to 5.5 percent. “When we think...
If the Bangko Sentral ng Pilipinas (BSP) prolongs its monetary policy easing pause, it may be forced to implement steeper interest rate reductions later, as persisting economic weakness threatens growth, according to Deutsche Bank. "Delaying further rate cuts could risk the BSP having to do more in...
Singapore-based United Overseas Bank (UOB) believes the Bangko Sentral ng Pilipinas (BSP) will no longer slash reserve requirement ratios (RRRs) beyond its across-the-board cuts announced last week. “With RRR for big banks reaching a mid-single digit as envisioned by the BSP under its medium-term...
