Monetary officials still see no immediate inflation threat

The Bangko Sentral ng Pilipinas on Thursday slashed the interest rate on special deposit accounts to help curb the appreciation of the peso. Read the rest of this entry »

Real-interest rates across the region are falling, and this development is seen to spur countries in Southeast Asia, the Philippines included, to boost spending on assets and infrastructure, a globally recognized accounting body based in London said. Read the rest of this entry »

Manila, Philippines – The Bangko Sentral ng Pilipinas (BSP) cut interest rates by 25 basis points to a new low yesterday, taking advantage of benign inflation to protect domestic growth amid worries over the worsening euro zone debt crisis and slowing global economic activity. Read the rest of this entry »

Ten million Filipinos labor overseas, often in horrendous conditions, to earn a few dollars. Even more Filipinos, almost 20 million families, labor each day in various conditions of difficulties to eke out a living to pay for food, water, electricity and other basics. Over and above all that, they also pay for one thing that they never even completely understand — financial interest on everything. Read the rest of this entry »

MANILA, Philippines – Banks and other lending institutions are no longer allowed to offer flat interest rates on loans as the Bangko Sentral ng Pilipinas (BSP) implements circulars updating rules of a 1963 law that enforces transparency in credit lending. Read the rest of this entry »

The Bangko Sentral on Thursday cut the borrowing and lending rates by 25 basis points for the second time this year in a bid to boost the domestic economy amid prospects of an anemic global growth. Read the rest of this entry »

The Monetary Board (MB) has decided yesterday to reduce the Bangko Sentral ng Pilipinas (BSP)’s key policy interest rates by 25 basis points to 4.25 percent for the overnight borrowing or reverse repurchase (RRP) facility and 6.25 percent for the overnight lending or repurchase (RP) facility, effective immediately. Read the rest of this entry »

MANILA, Philippines – Treasury bill (T-bill) rates rose yesterday, exceeding expectations and prompting the auction panel to reject all bids for the 364-day bills. Read the rest of this entry »

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) left its key policy rate unchanged at 4.5 percent yesterday, as widely expected, after data this week showed economic growth unexpectedly slowed in the third quarter. Read the rest of this entry »

MANILA, Philippines – Bank’s real lending rate eased to two percent in the third quarter of the year from 2.5 percent in the second quarter due to the reduction in the average nominal lending rate while inflation remained steady, the Bangko Sentral ng Pilipinas (BSP) reported over the weekend. Read the rest of this entry »