THE tight monetary policy of the Bangko Sentral ng Pilipinas (BSP) is expected to adversely affect the economy’s performance in the third quarter, according to a United Kingdom-based think tank. On Monday, Oxford Economics said based on its trackers, the country’s GDP growth may slow to a range of 4 to 5 percent in the
FILIPINO consumers waiting for interest rates to decline are in for a disappointment as the Bangko Sentral ng Pilipinas (BSP) intends to raise interest rates anew in its next meeting and maintain this rate until the end of the first semester of next year. This was according to BSP Governor Eli M. Remolona Jr., who
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SHIFTING to a variable-rate Reverse Repurchase (RRP) facility auction format will allow the Bangko Sentral to better mop up excess liquidity in the market, according to central bank officials on Wednesday. In a briefing, BSP Deputy Governor Francisco G. Dakila Jr. said the challenge prior to this shift is that…