As outlined in our previous advisory ‘Central Bank’s property fund proposals’, the Central Bank of Ireland (the “Central Bank”) has recently been consulting on two key proposals: .
BSP Governor Benjamin Diokno MANILA - The Bangko Sentral ng Pilipinas (BSP) does not need to mirror the Federal Reserve's decision to hike its key rates, and its policy decision remains data-driven and anchored on domestic developments. "I would like to reiterate that the BSP calibrates its monetary policy settings in response to external developments only to the extent that it will influence the outlook for growth and inflation," BSP Governor Benjamin Diokno said in a virtual briefing aired over the central bank's Facebook page on Thursday. The Federal Open Market Committee (FOMC) hiked the Fed's key rates by 0.25 percentage points to between 0.25 to 0.50 percent after its March 15-16 meeting. This is the first rate increase decision since December 2018 and is targeted to address the surging US consumer price index (CPI), which registered its fastest annual rate in the last four decades at 7.9 percent as of February 2022. BSP's policy-making Monetary Board (M