Target Reverse Repurchase News Today

STRONGER-THAN-EXPECTED growth in 2023 and expectations that prices are already slowing are enough reasons to expect the Monetary Board to maintain key policy rates next week, according to an HSBC economist. In an economic brief, HSBC Asean economist Aris Dacanay said he remained confident that the Bangko Sentral ng Pilipinas…

THE rise in commodity prices could be higher in February due to more expensive food items, according to the Bangko Sentral ng Pilipinas (BSP). On Thursday, BSP said inflation could average 2.8 to 3.6 percent in February due to more expensive food items such as rice, meat, and fish. The…

THE Monetary Board, the highest policymaking body of the Bangko Sentral ng Pilipinas (BSP), has left the Target Reverse Repurchase (RRP) Rate unchanged for the second time in a row. With the decision, the country’s key policy rate was maintained at 6.5 percent. The interest rates on the overnight deposit…

THE Bangko Sentral ng Pilipinas (BSP) is expected to cut its rates earlier than expected due to the slowdown in inflation, according to two international financial institutions. In economic briefs released on Wednesday, ANZ Research said the BSP could cut rates by the last quarter of the year; while HSBC…

THE additional policy rate hikes last year will continue to haunt the economy this year, according to the government’s think tank, the Philippine Institute for Development Studies (PIDS). In a discussion paper, PIDS researchers led by Senior Research Fellow Margarita Debuque-Gonzales said the additional hikes could impact the performance of…

THE passage of key tax reforms and harnessing local government units (LGUs) as engines of growth are among the factors that will sustain the country’s recent economic gains, according to the country’s Finance Secretary. Finance Secretary Benjamin E. Diokno said growth in 2023 is projected to be near the low…

THE Monetary Board of the Bangko Sentral ng Pilipinas (BSP) decided to pause its monetary tightening efforts as inflation expectations are now expected to be within target by 2024 and 2025. The Target Reverse Repurchase (RRP) Rate remains unchanged at 6.5 percent. The interest rates on the overnight deposit and…

The Bangko Sentral ng Pilipinas (BSP) is considering an off-cycle rate hike as early as Thursday this week if the latest data shows that inflation is poised to worsen in October. BSP Governor Eli M. Remolona Jr. told reporters on Tuesday that an off-cycle rate hike “is on the table.” This may happen as early

WITH the increase in commodity prices reaching the high end of the Bangko Sentral ng Pilipinas (BSP) inflation expectations for September, analysts are now more certain that the Monetary Board will decide to raise key policy rates by November. Bank of the Philippine Islands (BPI) Chief Economist Emilio S. Neri said he expects a 25-basis-point

The Bangko Sentral ng Pilipinas (BSP) is keen on cutting the reserve requirement ratio (RRR) next year, as the “old-school tool” could lead to a distortion of financial intermediation. At the EagleWatch economic briefing on Thursday, BSP Governor Eli M. Remolona Jr. said the present RRR is currently at 9.5 percent and was still high