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THE Bangko Sentral ng Pilipinas (BSP) is not keen on cutting the Reserve Requirement Ratio (RRR) even if it reduces key policy rates as early as the third quarter of the year. In a recent briefing, BSP Governor Eli M. Remolona Jr. said the Monetary Board aims to cut the…
Bangko Sentral ng Pilipinas (BSP) has maintained the reverse repurchase rate at 6.50 per cent, with overnight deposit and lending rates at 6.0 per cent and 7.0 per cent. Despite...
UNCERTAINTIES surrounding the imposition of the export ban by India and the El Niño have kept and may keep the Monetary Board “gun powder dry” when it comes to key policy rates. In an interview on the sidelines of the four-day Asia and the Pacific Food Security Forum on Tuesday,…
THE Bangko Sentral ng Pilipinas (BSP) could delay any rate cuts to the first quarter of 2025, pending improvements in the country’s economic performance, including cooler inflation. On Monday, the Monetary Board decided to retain the BSP’s Target Reverse Repurchase (RRP) Rate at 6.5 percent. With this, interest rates on…
The Philippine central bank maintained its benchmark interest rate for the fourth consecutive meeting despite the rising inflation expectations. The Monetary Board governed by Eli Remolona, maintained the target reverse repurchase rate at 6.