MANILA, Philippines — The Bangko Sentral ng Pilipinas is expected to keep rates unchanged in its next policy meeting, with the likelihood of huge rate cuts getting smaller and smaller.
The BSP has emerged as the most aggressive central bank in the region after it raised interest rates by 450 basis points between May 2022 and October 2023 to tame inflation and stabilize the peso. Despite rising tensions with China, the Philippines expanded its fish catch in the West Philippine Sea last year to...
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Further reductions in banks' reserve requirements possibleThe Philippine financial and banking system can still accommodate further reductions in the reserve requirement ratio (RRR), the Bangko Sentral ng Pilipinas (BSP) said Wednesday.
Source: gmanews - 🏆 11. / 68 Read more »
Domestic liquidity grows 6% to P17 trillion in January–BSP dataThe country’s domestic liquidity reached P17 trillion in January 2024, according to the Bangko Sentral ng Pilipinas (BSP). This marked a 6 percent growth rate compared to January 2023, but slower than the 6.2 percent posted in December 2023.
Source: BusinessMirror - 🏆 19. / 59 Read more »
March inflation may pick up amid high food pricesInflation likely accelerated for the second straight month in March, mainly driven by high rice prices, prompting the Bangko Sentral ng Pilipinas (BSP) to keep borrowing costs unchanged at its next policy review in April, analysts said.
Source: PhilstarNews - 🏆 1. / 94 Read more »
BSP moved its next rate decision to April 8The Bangko Sentral ng Pilipinas moved its Monetary Board’s next meeting date to April 8 (previously April 4).
Source: PhilstarNews - 🏆 1. / 94 Read more »
BSP plans to cut reserve requirement ratiosDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »
BSP upgrades 2024 balance of payments surplus goal to $700mDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »