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 »
BSP cuts rates further to 4%
March 2, 2012
Monetary Board cuts policy rates
January 20, 2012
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 »
Gov’t rejects all bids for 364-day T-bills
December 13, 2011
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 »
BSP keeps rates steady, as expected
December 2, 2011
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 »
Banks’ real lending rate eases to 2%
November 6, 2011
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 »
91-day T-bill rate climbs to 1.941%
October 19, 2011
MANILA, Philippines – The government sold P9 billion worth of Treasury bills yesterday as the bids received by the Bureau of the Treasury (BTR) exceeded the programmed debt sale for all three tenors. Read the rest of this entry »
Treasury bill rates drop to all-time lows
September 6, 2011
MANILA, Philippines – Treasury bill (T-bill) rates tumbled to historic lows across the board yesterday as jittery investors gobbled up risk-free government debt papers amid fears of another global recession. Read the rest of this entry »
Phl lending rate up to 2.5% in Q2, 4th highest in Asia
August 14, 2011
MANILA, Philippines – Real lending rate in the Philippines climbed to 2.5 percent in the second quarter of the year from 2.1 percent in the first quarter due to the continued growth of the average nominal bank lending and inflation rates, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. Read the rest of this entry »
T-bill rates tumble across-the-board
August 9, 2011
MANILA, Philippines – Yields on Treasury bills (T-bills) tumbled during yesterday’s auction as market investors sought safer facilities to park their funds on the back of jitters brought about by the downgrade in the US credit rating. Read the rest of this entry »
BSP keeps key interest rates steady
July 29, 2011
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) kept yesterday its key interest rates unchanged for the second straight policy rate setting meeting but decided to raise anew the reserve requirement on deposits and deposit substitute of banks and non-banks with quasi-banking functions in what it called as a forward looking move to better manage liquidity. Read the rest of this entry »
