THE Bangko Sentral ng Pilipinas (BSP) is expected to cut its rates earlier than expected due to the slowdown in inflation, according to two international financial institutions. In economic briefs released on Wednesday, ANZ Research said the BSP could cut rates by the last quarter of the year; while HSBC…
THE additional policy rate hikes last year will continue to haunt the economy this year, according to the government’s think tank, the Philippine Institute for Development Studies (PIDS). In a discussion paper, PIDS researchers led by Senior Research Fellow Margarita Debuque-Gonzales said the additional hikes could impact the performance of…
THE passage of key tax reforms and harnessing local government units (LGUs) as engines of growth are among the factors that will sustain the country’s recent economic gains, according to the country’s Finance Secretary. Finance Secretary Benjamin E. Diokno said growth in 2023 is projected to be near the low…
THE Monetary Board of the Bangko Sentral ng Pilipinas (BSP) decided to pause its monetary tightening efforts as inflation expectations are now expected to be within target by 2024 and 2025. The Target Reverse Repurchase (RRP) Rate remains unchanged at 6.5 percent. The interest rates on the overnight deposit and…
The Bangko Sentral ng Pilipinas (BSP) is considering an off-cycle rate hike as early as Thursday this week if the latest data shows that inflation is poised to worsen in October. BSP Governor Eli M. Remolona Jr. told reporters on Tuesday that an off-cycle rate hike “is on the table.” This may happen as early