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THE OVERALL RISE in prices of widely used goods can be expected to creep closer to six percent this month before peaking in September, the head of the Bangko Sentral ng Pilipinas (BSP) said in a forum on Friday.
MORE FOREIGN FUNDS entered the Philippines in July compared to the preceding month, although the latest flows were a third smaller than a year ago, latest central bank data showed.
THE central bank said it is hard to estimate the impact on inflation of proposed tariff cuts on food imports, as Congress adjourns, giving the President the authority to adjust tariffs on his own while the legislature is in recess.
CASH remittances slipped to a two-month low in June due to smaller flows from the Middle East, the Bangko Sentral ng Pilipinas (BSP) reported on Tuesday.
INFLATION should peak in the next two months before slowing closer to target, the country’s central bank chief said, noting that tax-related price pressures have been “tapering off.”
THE RECENT SURGE in foreign direct investments (FDI) should help fuel merchandise export growth “two or three years from now,” providing added impetus for overall economic expansion to pick up, the chief of the Bangko Sentral ng Pilipinas (BSP) said.
THE CENTRAL BANK has ordered another provincial bank to shut down its operations, marking the eighth lender to fold this year.
PHILIPPINE BANKS will continue to outperform their Asian peers given wider interest margins, with a more aggressive rate hike from the Bangko Sentral ng Pilipinas (BSP) to give lenders another boost.
The question facing policy makers in the Philippines is not whether to raise interest rates for a third time in a row, but by...
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.
DEMAND for term deposits shifted towards shorter tenors yesterday, driving yields slightly lower ahead of monetary policy decisions in the United States and in the Philippines.
THE House of Representatives, voting 219-0, on Tuesday approved on third and final reading the bill strengthening the Bangko Sentral ng Pilipinas (BSP).
THE BANGKO SENTRAL ng Pilipinas (BSP) will require financial firms to use a standard design for quick response (QR) codes to allow simpler transactions across service providers.
THE BANGKO Sentral ng Pilipinas (BSP), in its clearest statement lately on future policy steps, said on Friday that it was “considering strong follow-through monetary adjustment at the next meeting of the Monetary Board in August” in a bid to rein in price pressures.
PHILIPPINE banks kept their lending criteria little changed in the second quarter, although some lenders said they grew stricter in granting business loans due to more stringent regulations, according to the results of a central bank survey.
The peso strengthened against the dollar on Friday, July 20, after the local central bank hinted at another interest rate hike during its next...
Philippine banks kept their lending criteria largely steady in the second quarter of the year, although some lenders said they grew stricter in granting...
Philippine Savings Bank (PSBank) has received the central bank's approval to raise funds through long-term negotiable certificates of deposit (LTNCD) to expand its consumer...
THE CENTRAL BANK may respond with a more aggressive rate hike in the coming months to rein in rapid inflation, economists at the First Metro Investment Corp. (FMIC) said, against a backdrop of a “turbulent” but rapidly growing Philippine economy.
THE BANGKO SENTRAL ng Pilipinas (BSP) has tapped the National Bureau of Investigation (NBI) for a crackdown on peddlers of fake money on social media.