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BSP likely to cut policy rates this month

TARLAC — The central bank will cut benchmark interest rates as early as this month, with the regulator also studying when to implement further reductions to lenders’ reserve ratios.

BSP seen keeping rates steady

THE CENTRAL BANK has enough room to keep interest rates steady over the next few months, global banks said in separate reports, noting that attention has shifted to market liquidity now that inflation has slowed.

PHL economy seen to withstand further tightening

THE ECONOMY can withstand further policy tightening from the Bangko Sentral ng Pilipinas (BSP), even as it fired off its strongest response in a decade last month, according to the minutes of the Monetary Board meeting.

August inflation fastest in nearly a decade

HEADLINE INFLATION in August caught state economic managers and financial markets by surprise, shooting up to its fastest clip in almost a decade, according to official data the Philippine Statistics Authority (PSA) released on Wednesday.

Fed is most at risk of falling behind, says Swiss Re...

As central banks the world over find their place in the monetary policy tightening cycle, the one at the helm is the most at...

Fed chief takes stage under Trump’s critical gaze

Washington, United States -- President Donald Trump's renewed criticism of the Federal Reserve's handling of the economy mean politics may overshadow highly anticipated comments...

Expectations of another interest rate hike mount

A FOURTH successive tightening move may be announced by the central bank next month, a global bank said, as it sees inflation topping six percent until September.

Fixed exchange rate ‘dangerous’ for PHL economy, BSP chief says

THE BANGKO SENTRAL ng Pilipinas (BSP) will not opt to set a fixed exchange rate for the peso, with its chief calling it a “dangerous” move for the economy.

Trump’s Fed comments dent dollar

London, United Kingdom -- The dollar fell versus the euro and yen Tuesday after US President Donald Trump hit out at the Federal Reserve's...

Fed’s Powell to keep hiking as US growth overshadows Turkey turmoil

Don’t count on a Powell Pause. That’s the message seasoned watchers of the Federal Reserve have for any investors hoping that turmoil in Turkey and...

BSP raises policy rates anew

The Bangko Sentral ng Pilipinas (BSP) raised rates anew on Thursday, Aug. 9, in a more aggressive move as expected, to arrest faster inflation...

Biggest rate hike in a decade on the cards for the...

The question facing policy makers in the Philippines is not whether to raise interest rates for a third time in a row, but by...

Economists expect fresh rate hike

THE BANGKO SENTRAL ng Pilipinas (BSP) will most likely raise benchmark interest rates anew this week as inflation can be expected to have spiked further in July, analysts said in a BusinessWorld poll, with some noting there is room for a 50-basis-point (bp) hike to ease price pressures.

BDO earnings dip in Q2

Sy-led BDO Unibank, Inc. reported a P13.1-billion net income as of end-June, down from a year ago amid lower non-interest gains and bigger operating...

Peso slightly firms up on BSP’s hint of August rate hike

The peso strengthened against the dollar on Friday, July 20, after the local central bank hinted at another interest rate hike during its next...

Inflation surge spurs rate hike view

INFLATION surged in June to a fresh five-year high as it beat market and government estimates given for the month, leaving the door open for another policy interest rate hike.

Southeast Asia diverges on rate policy as currency rout deepens

Southeast Asia’s central bankers are taking diverging policy stances even as their economies get slammed by the same headwinds. Dollar strength, higher oil prices, and...

Fed minutes may offer clues on rate-hike limits testing Powell

A discussion about how high US interest rates should go in this tightening cycle could feature prominently in the release of minutes later this...

Moody’s sees little risk of problem loans despite rising rates

THERE SHOULD BE little risk of problem loans even as interest rates rise further, a global credit rater said, noting that policy adjustments can be expected to temper credit growth.

S&P, BMI see need for another rate hike

S&P GLOBAL RATINGS and Fitch Group’s BMI Research expect another rate hike from the Bangko Sentral ng Pilipinas (BSP) within the year, citing the need for further tightening to curb faster inflation and ease pressures on the peso.

Second rate hike may not be enough to help markets

WHILE the Bangko Sentral ng Pilipinas increased its benchmark interest rate for a second month on Wednesday, the action may not be enough to help lift Asia’s worst-performing market, according to some analysts.

BSP tightens anew to temper inflation

THE Bangko Sentral ng Pilipinas (BSP) raised rates yesterday after a similar move in May in a bid to arrest future inflation and keep local yields competitive.

BSP hikes rates to contain ‘elevated’ inflation

By Melissa Luz T. Lopez, Senior Reporter The Bangko Sentral ng Pilipinas (BSP) raised rates on Wednesday, June 20, following a similar move in May...

BSP could maintain policy for now — poll

THE BANGKO SENTRAL ng Pilipinas (BSP) may find room to keep interest rates unchanged this week amid signs that inflation may be slowing, economists said in a poll even as they kept the window open for another hike later this year.

US Federal Reserve raises key interest rate to 1.75-2%

Washington -- The US Federal Reserve raised the benchmark lending rate on Wednesday, the second increase of the year, and signaled two more hikes...

Central bank faces ‘complex’ policy environment

THE MONETARY BOARD (MB) is gearing up for an earlier rate-setting meeting next week as it faces a “fairly complex” mix of faster inflation, a weakening peso and robust economic growth.

BSP exec downplays rate hike calls

A CENTRAL BANK official has downplayed calls for a fresh hike in benchmark interest rates in the face of faster inflation, arguing such a move will not arrest supply-driven pressures.

All eyes on Fed, ECB as they tighten policy in tandem

FRANKFURT -- Tightening policy by a notch just one day apart, the world’s top two central banks will hope to signal confidence in global economic growth, despite risks of a trade war, currency swings and political turbulence.

BSP may need to tighten policy further — Deutsche Bank

SUCCEEDING rate hikes may need to be implemented by the Bangko Sentral ng Pilipinas (BSP) over the coming year in order to arrest faster inflation and keep the peso competitive, a global bank said.

Deutsche Bank says more BSP rate hikes necessary

Succeeding rate hikes may be needed for the Bangko Sentral ng Pilipinas (BSP) over the coming years in order to arrest faster inflation and...

Government flags inflation concern

INFLATION clocked slower than expected in May but still marked the fastest clip in more than five years and kept the year-to-date pace past the government’s 2-4% target for 2018, prompting state economic managers to express concern and assure the public of action in separate statements on Tuesday.

Stocks end week in rally mode

Stocks continued to rise on the trading week's end following the central bank's decision to increase interest rates on Friday, May 11. The local bellwether...

Philippines ready to take more action after raising rate

The Philippines became the latest emerging market to raise interest rates, with the central bank prepared to take more action after following through with...

BSP raises rates on elevated inflation and robust economic growth

The Bangko Sentral ng Pilipinas (BSP) raised rates on Thursday, May 10, marking the first tightening move in nearly four years at a time of...

Peso inches up as investors await BSP policy meeting

The peso inched higher against the dollar on Tuesday, May 8, ahead of the local monetary policy meeting as well as inflation data in...

PSEi drops ahead of GDP data, BSP policy review

THE MAIN INDEX opened the week on a negative note as investors were on a wait-and-see mode ahead of the release of first-quarter economic...

Analysts’ Expectation on Policy Rates

THE BANGKO SENTRAL ng Pilipinas (BSP) may raise interest rates this week after nearly four years of staying on hold, with inflation hitting five-year...

Military asserts no-ransom policy as Misuari help sought for 2 kidnapped...

JOINT TASK Force (JTF) Sulu is maintaining its no-ransom policy for the two police officers abducted by members of the Abu Sayyaf in Patikul,...

Shares snap climb ahead of Fed policy statement

By Krista A.M. Montealegre, National Correspondent STOCKS broke a three-day winning streak on Wednesday, as investors looked ahead to the conclusion of the United States...

Instituting bayanihan in governance and policy making

By May Zuleika Salao and Michael Henry Ll.Yusingco EVERY Filipino has been taught that bayanihan is the indigenous cultural phenomenon of community solidarity. It is...

Fed chief Powell’s policy gambit bets job market stays hot, inflation...

FEDERAL RESERVE officials are sounding increasingly confident they can run the US economy hot without a harmful rise of inflation, a risky gamble for...

Policy rates could rise this quarter — report

THE BANGKO SENTRAL ng Pilipinas (BSP) may consider raising rates this quarter in the face of quickening inflation and faster economic growth, analysts at...

Fed favors gradual rate approach — US central bank chief

Chicago, United States -- Federal Reserve Chairman Jerome Powell on Friday used his first speech as central bank chief to offer a rosy view...

Inflation to hit peak in 3rd quarter

INFLATION is expected to keep rising to hit a peak in July to September, the Bangko Sentral ng Pilipinas (BSP) said, but maintained that...

Economy to withstand higher interest rates

By Melissa Luz T. Lopez Senior Reporter THE PHILIPPINE economy is robust enough to afford higher borrowing rates, the country’s central bank chief said, following dovish...