THE Bangko Sentral ng Pilipinas (BSP) could delay any rate cuts to the first quarter of 2025, pending improvements in the country’s economic performance, including cooler inflation. On Monday, the Monetary Board decided to retain the BSP’s Target Reverse Repurchase (RRP) Rate at 6.5 percent. With this, interest rates on…
STRONGER-THAN-EXPECTED growth in 2023 and expectations that prices are already slowing are enough reasons to expect the Monetary Board to maintain key policy rates next week, according to an HSBC economist. In an economic brief, HSBC Asean economist Aris Dacanay said he remained confident that the Bangko Sentral ng Pilipinas…
THE national government’s recent bond issuances contributed to the net liability position of the country’s net international investment position (IIP), according to the Bangko Sentral ng Pilipinas (BSP). Preliminary data showed the country’s net liability position of $51.3 billion as of end-December 2023, higher by 8.1 percent than the $47.5…
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THE Bangko Sentral ng Pilipinas (BSP) said banks and other BSP-supervised financial institutions (BSFIs) should place the national ID at the top of the list of acceptable government IDs. In a statement, the BSP said measures must be enhanced to ensure the broad acceptance of the PhilID as a valid…