Page 2 - Monetary Board News Today

The Bangko Sentral ng Pilipinas may cut interest rates by as much as 150 basis points in the next two years mainly due to the downtrend in inflation, according to Finance Secretary Ralph Recto.

Former Bangko Sentral ng Pilipinas governor Benjamin Diokno said the BSP was never politicized and especially not during his term.

LOCAL analysts surveyed by the Bangko Sentral ng Pilipinas (BSP) expect the Monetary Board to cut policy rates every year until 2026. In the latest Monetary Policy Report, analysts said by the end of this year, the monetary authorities could cut policy rates by 25 to 150 bps. For 2025,…

THE Bangko Sentral ng Pilipinas (BSP) has already begun the process of exorcising its own bureaucracy of what are known as ghost employees. A source at the BSP, who requested anonymity, told reporters that four "ghost employees" are currently under investigation. These employees are currently under the offices of two…

THE weakness of the Philippine peso will not become a hindrance to the aim of the Bangko Sentral ng Pilipinas to bring down key policy rates this year, according to BSP Governor Eli M. Remolona Jr. Briefing reporters recently, Remolona said it is only when inflation becomes de-anchored that monetary…

The Bangko Sentral ng Pilipinas has yet to finalize its decision on whether to keep, raise or lower the current three percent interest rate cap on credit card transactions, a top BSP official said.

State-run Land Bank of the Philippines plans to raise as much as P50 billion in its biggest bond sale toward the end of 2024 as it expects policy rates to finally ease.

The peso pierced the 58 to $1 level yesterday, weakening by 37 centavos to close at 58.27 from 57.90 last Monday, due to delayed rate cuts from the US Federal Reserve, the Bangko Sentral ng Pilipinas said.

THE Philippine peso fell to its weakest level in almost two years on expectations that the United States Federal Reserve could delay its rate cuts, according to the Bangko Sentral ng Pilipinas (BSP). On Tuesday, data from the Bankers Association of the Philippines (BAP) showed the peso closed at P58.28…

The Bureau of the Treasury (BTr) raised P15 billion from the tender of Treasury bills (T-bills) on Monday as rates across all tenors eased on signals of a rate cut in the coming months. The auction committee made a full award of its P15 billion T-bills, raising P5 billion each…