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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…