Page 107 - Bsp News Today

The Bangko Sentral ng Pilipinas is raising key policy rates by a huge 75 basis points (bps), matching the aggressive hike delivered by the US Federal Reserve, as a preemptive move to prevent the peso from depreciating further before the scheduled rate-setting meeting of the BSP two weeks from now.

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BSP defaces coins ‘unfit for circulation’

This isnt your everyday monkey bread! Inside each flaky biscuit is a sweet cream cheese filling surprise. Its also layered with a brown sugar glaze that bakes into the bread.

A Date with China: Zhang Leping and his wordless literary classicsIn September, 1992, Zhang Leping, a world-class ca

In the aftermath of a devastating typhoon, as many communities wade in stagnant floodwaters, we get another piece of bad news.

Despite the series of interest rate hikes, credit growth accelerated further to the fastest pace in more than two years at 13.4 percent in September from 12.2 percent in August due to higher loan demand from both corporate and household borrowers, according to the Bangko Sentral ng Pilipinas.

The Bangko Sentral ng Pilipinas has another $30 billion in foreign exchange buffer that it can spend to calm the volatility in the market, according to ANZ Research.

11th Jiangsu Textile Expo opens in Suzhou, east China’s Jiangsu Province

Philippine banks expect a higher loan demand from companies and households this quarter despite the series of interest rate hikes as the economy further reopens from strict COVID quarantine and lockdown protocols, according to the results of a survey conducted by the Bangko Sentral ng Pilipinas.