Diokno: Current policy rate remains ‘appropriate’
THE aggressive policy easing fired off by the central bank this year will be “appropriate” as the economy faces challenges brought by the coronavirus disease 2019 (COVID-19) pandemic, according to Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno.
BSP wants single-digit reserve requirement ratio
THERE IS SIZEABLE ROOM to trim big banks’ reserve requirement to as low as single-digit levels from 20% currently, the central bank chief said,...
Peso support at P58 seen holding as BSP pushes back
THE PHILIPPINES’ latest line in the sand for the peso appears to have settled halfway between its previous two, with P58 per dollar the...