Peso to climb on expectations of strong local data
THE PESO is expected to appreciate this week, to be supported by local data releases, including inflation and trade balance.
Bank Mandiri in talks to enter Philippine market
AN INDONESIAN BANK is currently in talks with the Philippine government as they look to open a branch here, which comes ahead of a bilateral deal between the central banks of these two countries.
Peso weakens as US inflation, rate hike bets fuel dollar’s rise
THE PESO weakened on Monday due to broad dollar strength ahead of the release of the January US consumer price index (CPI) report on...
Peso strengthens on dovish Fed minutes
THE PESO appreciated further against the dollar on Thursday following dovish signals from minutes of the US Federal Reserve’s meeting last month.
The local currency...
BSP amends guidelines for participants of Peso Real-Time Gross Settlement system
THE BANGKO SENTRAL ng Pilipinas (BSP) has amended its guidelines for the Peso Real-Time Gross Settlement (RTGS) system to revise the penalties for erring...
Liquidity growth steady in June despite RRR cuts
MONEY SUPPLY growth remained steady amid slightly lower demand for credit, the Bangko Sentral ng Pilipinas (BSP) reported Wednesday, even as the central bank trimmed lenders’ reserve requirement ratios (RRR).
Gov’t makes partial award of fresh 7-year Treasury bonds
THE GOVERNMENT partially awarded the fresh seven-year Treasury bonds (T-bonds) it auctioned off on Tuesday even as the offer was oversubscribed as investors asked for higher returns on expectations of more rate hikes here and abroad.
BSP may raise rates by 125 bps more this year as inflation has yet...
THE Bangko Sentral ng Pilipinas (BSP) may hike its key interest rates by another 125 basis points (bps) this year, beginning with a 50-bp hike next week, to curb stubborn inflation, Nomura Global Markets Research said.
Term deposit yields end steady
By Melissa Luz T. Lopez,
Senior Reporter
Yields under the central bank’s term deposit facility (TDF) moved sideways yesterday despite tepid demand, as banks opted to...
Gov’t makes partial award of bonds as rates rise
By Karl Angelo N. Vidal
THE GOVERNMENT made a partial award of fresh five-year Treasury bonds (T-bonds) it offered yesterday as investors sought higher returns...
Peso edges sideways on US data, tax reform
THE PESO moved sideways against the dollar on Friday, with strong US data and the passage of the tax reform plan in the world’s...
China pushes back against yuan slide, pledges stability
CHINA will keep the currency stable at an equilibrium level, and the central bank will maintain a prudent, neutral policy stance, according to People’s Bank of China (PBoC) Governor Yi Gang.