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THE country's gross international reserves (GIR) continued to decline to the lowest level in about seven years, as the central bank still intervened in...
RATES CHARGED on rediscount loans availed by banks have risen beyond the four percent level starting this week, reflecting higher benchmark yields set by the Bangko Sentral ng Pilipinas (BSP).
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.
The Bangko Sentral ng Pilipinas has approved the plan of UnionBank of the Philippines' savings lending arm to acquire Philippines Resources Savings Bank Corp....
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.
INFLATION momentum has been easing as price spikes due to tax reform have decelerated, the central bank said as it decided to raise rates last month in order to temper future price increases.
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.
THE CENTRAL BANK will stick to its June 30 deadline for all banks to shift to microchip-based cards and terminals to elevate security standards.
THE Bangko Sentral ng Pilipinas (BSP) will closely monitor liquidity buffers held by big banks starting July, ahead of adopting tighter rules which ensure that lenders can stay afloat for at least a year.
THE CENTRAL BANK has approved lenders’ plans to open dressed-down branches nationwide, as the financial firms seek to expand their presence to unbanked areas.
OPTIMISM among firms in the country steadied in the second quarter from the preceding three months -- though it dropped from a year ago -- in the face of expectations of higher prices of goods and as businesses continued to adjust to a new tax regime, a recent central bank survey showed.