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Monetary Board hikes key rates

July 31, 2014

KEY INTEREST RATES were hiked by the Monetary Board yesterday in a “preemptive” move aimed at anchoring persistently elevated inflation expectations. Read the rest of this entry »

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Surge of fixed-term investments seen as investors seek alternatives

August 12, 2013

MANILA, Philippines – As business confidence in the Philippines reached a record last quarter, Japanese investment bank Nomura said this could be a precedent to a surge of fixed-term investments as investors, worried of high stock valuations, seek new places to park their money. Read the rest of this entry »

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Treasury chief sees end to below 1% T-bill rates

July 14, 2013

MANILA, Philippines – The country’s treasury chief said the looming end of low interest rates abroad could jumpstart slightly higher borrowing costs for the government, resulting in an end to below one-percent yields in Treasury bill auctions. Read the rest of this entry »

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New legal rate of interest

July 5, 2013

Last week, the Monetary Board—the country’s policy-making body on money, banking and credit—changed the legal rate of interest for loan and credit agreements. Read the rest of this entry »

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Key rates kept steady

June 13, 2013

MANILA, Philippines – Policy rates were kept steady on Thursday by the Bangko Sentral ng Pilipinas (BSP) which said the economy remains in good footing despite the recent slump in the financial markets that highlighted funds leaving emerging markets. Read the rest of this entry »

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BSP cuts SDA yield, retains key policy rates

March 15, 2013

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 »

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Falling rates to spur Asean spending

August 21, 2012

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 »

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BSP cuts interest rates to record low

July 27, 2012

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 »

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Lie-bor and our labors

July 16, 2012

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 »

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BSP bans flat rates on loans

July 3, 2012

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 »