Peso weakens on rising virus cases in Europe, hawkish Fed comments

THE PESO declined on Monday amid concerns over rising cases of the coronavirus in some economies and hawkish comments from US central bank officials.

T-bill rates may inch up as funds shift to RTBs

RATES of Treasury bills (T-bills) could inch higher this week as funds are expected to shift to the government’s ongoing retail bond offer.

China FX committee urges banks to cap speculation as yuan surges

AN ORGANIZATION formed by key participants in China’s currency market urged banks to limit speculative foreign-exchange (FX) trading after the yuan climbed to a six-year high versus peers.

UBS, Deutsche set the course for new era with new chairmen

TWO of Europe’s banking giants picked the leaders who will help chart their next era as they named successors for the chairmen who steered them through a decade of restructuring.

Peso may strengthen vs dollar on local data, oil price decline

THE PESO may appreciate versus the greenback this week amid a decline in global oil prices and ahead of the release of October budget balance data.

Debt yields drop as BSP cuts inflation estimate

YIELDS on government securities inched down last week after the central bank lowered its inflation forecast and amid strong demand for the government’s retail Treasury bond (RTB) offer.

BSP organizes precursor to committee on data-sharing rules

The Bangko Sentral ng Pilipinas (BSP) has created an interim transition group ahead of a pending industry-led open finance oversight committee (OFOC) that will...

Peso weakens as central bank flags inflation risks

The peso weakened against the dollar Friday after the central bank warned of inflation risks next year. The peso closed at P50.41 Friday against its...

Bank lending to get boost from reopening, vaccination progress

PROGRESS in the country’s vaccination drive and the gradual reopening of the economy are expected to help boost confidence and spur lending, a central...

BSP should collect more data from other financial institutions, IMF says

THE International Monetary Fund (IMF) recommended that the central bank should widen the scope of data collected from nonbank institutions to improve its monitoring...