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THE Bangko Sentral ng Pilipinas (BSP) is keen on creating a foreign exchange intervention framework within the year to better manage the central bank’s efforts to “contain stress” when it comes to Philippine peso. On Thursday, BSP Governor Eli M. Remolona Jr. told Rotarians that the central bank must only…
Higher infrastructure and consumption spending as well as slower inflation could allow the economy to post a growth of 5.6 percent or better, according to a local think tank. In its latest Market Call report, First Metro Investment Corp.-University of Asia and the Pacific (FMIC-UA&P) Capital Market Research maintained their…
On 14th November 2023, the Supreme Court of Sri Lanka issued a landmark decision holding several high-ranking executive officials responsible for the economic crisis of 2021-2022. This was widely regarded as the worst economic crisis the country had experienced post-independence; it manifested itself in a rapid depreciation of the currency, dramatic shortages of fuel which saw vehicles in mile-long queues at fueling stations, and rolling electricity cuts throughout the island. In mid-2022, two petitions were filed in the Supreme Court alleging that several officials named as respondents were r...
The Philippines is still not out of the woods in terms of inflation, but government efforts to tame the current levels have been paying off, the Bangko Sentral ng Pilipinas (BSP) said Wednesday.
MONETARY authorities are unlikely to cut interest rates anytime soon as inflation has yet to fall firmly within target, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said.