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Philippines: Economists give mixed views on BSP rate moves

MANILA, Philippines — While most economists are convinced the Bangko Sentral ng Pilipinas (BSP) has ended its tightening cycle by keeping key policy rates steady over the past two months, some still believe the door for rate hikes remains open. Moody’s Analytics said the BSP’s Monetary Board remains hawkish as it stands ready to respond […]

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Philippines: Cross-currency swap market launched

To manage risks MANILA, Philippines — The Bankers Association of the Philippines (BAP) has launched a new facility, allowing members and customers to better manage foreign exchange and interest rate risks. In a statement, the group said that it has introduced the dollar-peso cross-currency swap (USDPHP CCS) market that would allow banks to utilize hedging […]

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