MANILA, June 23 (Xinhua) -- The Philippine central bank on Thursday decided to hike the interest rate on the overnight reverse repurchase facility by 25 basis points to 2.5 percent effective Friday to curb inflation. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said the Monetary B...
MANILA, Nov. 15 (Xinhua) -- Citing "upside risks" to the inflation outlook, the Philippine central bank decided on Thursday to raise interest rates for the fifth straight policy meeting amid an elevated inflation expectations. Bangko Sentral ng Pilipina (BSP) officer-in-charge Maria Almasara ...
the Philippines, on Thursday, Feb. 7, 2019. The Philippine central bank on Thursday raised its benchmark interest rates by 75 basis points in a surprise off-cycle move, and signaled its readiness to take further policy action to contain broadening inflationary pressures, its governor ...
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The Philippine central bank delivered its interest rate decision on Thursday. As was widely expected, the bank decided to leave interest rates unchanged at 6.25%. It was the third straight meeting in which the Fed has left rates intact. It had previously hiked rates in the past few months fr...
Albalate expressed confidence in PNB's ability to maintain a net interest margin above four percent, thanks to its low-cost funding sources. With 84 percent of deposits consisting of current and savings accounts (CASA), the bank's net interest margin currently stands at 4.6 percent for the ...
Philippine central bank chief: We're 'very confident' inflation is on its way down Eli Remolona, governor of the central bank of the Bangko Sentral ng Pilipinas, discusses the outlook for interest rates, saying "we cut yesterday, we might cut again sometime during the year." Fri...
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Bangko Sentral “will take all necessary measures including raising interest rates,” Governor Felipe Medalla said at the same event. The central bank has also sold dollar reserves, he said, in addition to raising rates by a total of 225 basis points so far this year. ...
power of administering the banking & credit system of the country. Under the act, all powers in the printing and mintage of Philippine currency was vested in the CBP, taking away the rights of the banks such as Bank of the Philippine Islands and the Philippine National Bank to issue ...