INFLATION data due to be released in two weeks, as well as the outcome of the US Federal Reserve’s (Fed) final meeting for the year will determine the Monetary Board’s next moves, Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla said on Tuesday. “Well, it depends on what the US does. It depends on what […]
Read MoreMANILA, Philippines — Credit growth in the Philippines may slow down to a range of five to seven percent next year from the projected seven to nine percent growth rate this year amid the aggressive rate hikes delivered by the Bangko Sentral ng Pilipinas (BSP). In a report, Nikita Anand, primary credit analyst at S&P, […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has ruled out additional huge interest rate hikes after raising key policy rates by a total of 300 basis points. In an interview with reporters on the sidelines of a forum on digital economy, BSP Governor Felipe Medalla said the US Federal Reserve is set to […]
Read MoreMANILA, Philippines — The tightening cycle of the Bangko Sentral ng Pilipinas (BSP) may extend up to next year as inflation remained above the government’s two to four percent target, according to Fitch Solutions Country Risk & Industry Research. In a report, Fitch Solutions said the BSP was likely to increase its key policy rates […]
Read MoreMANILA, Philippines — The Federation of Free Farmers (FFF) is urging President Marcos to reject the proposal of economic managers to extend low tariffs on imported rice until next year as it is seen non-beneficial to the country with rice exporting countries cutting shipments and raising tariffs. The proposal was to extend Executive Order 171, […]
Read MoreMANILA, Philippines — The series of rate hikes have started feeding through to the net interest margins (NIMs) of big banks in the Philippines, according to independent credit research provider CreditSights Inc. In a report, CreditSights said the rate increases delivered by the Bangko Sentral ng Pilipinas (BSP) boosted the net interest income of banks […]
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