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PHILIPPINE central bank Governor Benjamin Diokno said the nation’s economic growth this year could slow to a range of 5% to 5.5% as the world faces the risk of a recession.
BANGKO SENTRAL ng Pilipinas (BSP) Governor Benjamin E. Diokno downplayed analysts’ expectations of a possible rise in nonperforming loans (NPLs) and slower credit growth due to the coronavirus disease 2019 (COVID-19) outbreak, saying local banks are “adequately capitalized” to withstand such risks.
IT MAY TAKE a while before the financial system fully feels the impact of the easing moves implemented by the central bank this year, according to Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno, with its decision to hold steady to help it assess how the market is taking past cuts.
STATEMENTS by Bangko Sentral ng Pilpinas (BSP) Governor Benjamin E. Diokno that another 25 basis point reduction in benchmark interest rates will be considered at the Monetary Board’s sixth policy review for the year on Sept. 26 — Thursday next week — has led private sector economists to expect more moves soon to unravel last year’s tightening.
BANGKO SENTRAL ng Pilipinas (BSP) Governor Benjamin E. Diokno is “cautiously optimistic about the current state of the Philippine economy,” amid lingering global headwinds.
THE BANGKO SENTRAL ng Pilipinas (BSP) will consider reducing the reserve requirement ratio (RRR) for lenders further if banks don’t misbehave and speculate against the peso, Governor Benjamin E. Diokno said.
THE BANGKO SENTRAL ng Pilipinas (BSP) sees room to “move faster” in easing monetary policy following the sovereign debt rating upgrade last April from S&P Global Ratings, the central bank chief said in an ABS-CBN News Channel (ANC) interview, noting that the domestic economy likely grew “slightly higher” than six percent in the first quarter of the year.
A CUT in benchmark interest rates will be considered on May 9, when the Bangko Sentral ng Pilipinas (BSP) Monetary Board (MB) holds its third policy review for this year, the central bank chief said in an interview with Bloomberg Television, even as he cited risks that could force monetary authorities to again hold off such move.
MALACAÑANG on Friday slammed lawmakers at the House of Representatives for their “unparliamentary behavior” towards Budget Secretary Benjamin E. Diokno.
THE HOUSE of Representatives on Wednesday adopted a resolution urging President Rodrigo R. Duterte to reconsider the appointment of Budget Secretary Benjamin E. Diokno over alleged irregularities in the budget system.
THE HOUSE of Representatives maintained its decision to hold the “Question Hour” on Tuesday and declined Budget Secretary Benjamin E. Diokno’s postponement request.
THE GOVERNMENT is looking at floating Shari’ah-compliant securities next year, but will still wait for the establishment of a legal framework for Islamic banking, the Department of Budget and Management (DBM) said yesterday.
AN ECONOMIC MANAGER said the draft federal constitution submitted by the Consultative Committee (ConCom) to Review the 1987 Constitution may “not yet (be) ripe,” as he proposed such changes as removing term limits and streamlining the federated regions.