Page 91 - Bsp News Today

The benchmark interest rate may hit 6.50 percent amid the tightening cycle by the Bangko Sentral ng Pilipinas during the first semester to preempt the emergence of further second-round effects as inflation blew past expectations to hit a fresh 14-year high in January, according to Fitch Solutions Country Risk and Industry Research.

The consistent hawkish move of the Bangko Sentral ng Pilipinas pounded the government’s short-term securities borrowing, with rates rising and demand slightly dipping.

The Bangko Sentral ng Pilipinas is pushing digital payments in public markets and transportation services in more cities and municipalities nationwide to achieve its goal of shifting half of total retail transactions to electronic channels.

The government is forming a body tasked to timely assess the supply and demand conditions of key food items in the country as inflation blew past expectations last month despite the aggressive rate hikes delivered by the Bangko Sentral ng Pilipinas.

Economists further raised their inflation forecasts over the next two years after the higher-than-expected inflation print in January, according to results of the survey conducted by the Bangko Sentral ng Pilipinas for February.

UP BJP chief Bhupendra Singh Chaudhary has, in a meeting of the state unit of the working committee last month, exhorted office bearers to ensure victory in all the 80 Lok Sabha seats in the state.

Book on CPCs centennial history published for better understanding of the Party Photo taken on February 17, 2023 shows the launch

Philippine banks booked a double-digit growth in assets last year as the country’s economy continues to recover from the impact of the COVID-19 pandemic, data from the Bangko Sentral ng Pilipinas showed.

UK-based think tank Pantheon Macroeconomics expects the Bangko Sentral ng Pilipinas to go for a smaller rate hike of 25 basis points next month, while a rate rollback is likely in the fourth quarter.

More than 500 students assisted through a donation by BSP to FENC