Page 2 - Reverse Repurchase News Today

BANGKO Sentral ng Pilipinas Governor Eli M. Remolona Jr. said an interest policy rate cut is “highly unlikely” in the next few months as such policy move is not yet supported by various economic indicators. Remolona pointed out that there are certain conditions that must be met before the Monetary…

DESPITE upside risks to the inflation outlook, the Monetary Board of the Bangko Sentral ng Pilipinas (BSP) decided to maintain key policy rates during its last meeting for the year. In a briefing on Thursday, BSP Governor Eli M. Remolona Jr. said the Monetary Board decided to keep the BSP’s…

Latest news, analysis and opinions from the Daily FT, Sri Lankas only national business newspaper. ..

THE pause in the rate hike of the United States Federal Reserve does not bring analysts comfort that the Philippine monetary authorities will take the same position when they meet in two weeks. Local analysts are not discounting the possibility that the Monetary Board will again raise interest rates after an off-cycle hike of 25

Expensive oil and electricity prices as well as the depreciation of the peso may have caused inflation to breach the 6-percent mark in September, according to the Bangko Sentral ng Pilipinas (BSP). In its month-ahead inflation forecast, BSP said inflation could have averaged 5.3 to 6.1 percent in September. In August, inflation averaged 5.3 percent.

THE tight monetary policy of the Bangko Sentral ng Pilipinas (BSP) is expected to adversely affect the economy’s performance in the third quarter, according to a United Kingdom-based think tank. On Monday, Oxford Economics said based on its trackers, the country’s GDP growth may slow to a range of 4 to 5 percent in the

FILIPINO consumers waiting for interest rates to decline are in for a disappointment as the Bangko Sentral ng Pilipinas (BSP) intends to raise interest rates anew in its next meeting and maintain this rate until the end of the first semester of next year. This was according to BSP Governor Eli M. Remolona Jr., who

SHIFTING to a variable-rate Reverse Repurchase (RRP) facility auction format will allow the Bangko Sentral to better mop up excess liquidity in the market, according to central bank officials on Wednesday. In a briefing, BSP Deputy Governor Francisco G. Dakila Jr. said the challenge prior to this shift is that…

Despite the initial concerns surrounding the liquidity impact of the Feds quantitative tightening, net liquidity has actually increased

On April 25, 2023, the Federal Reserve Bank of New York ("FRBNY") announced changes to its eligibility criteria for access to the Overnight Reverse Repo Facility ("RRP").