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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
The Philippine Deposit Insurance Corporation (PDIC) will accept bids for three commercial lots on its e-bidding portal at https://assetsforsale.pdic.gov.ph
DEVELOPMENT Bank of the Philippines (DBP) President Michael O. De Jesus said he does not see the indefinite suspension of the Maharlika Investment Fund’s (MIF) implementing rules and regulations (IRR) to be related with the proposed merger of the bank with the LBP of the Philippines (LBP). “We do not,” De Jesus responded to the
ASIA's emerging markets do not need to start loosening monetary policies given favorable financial conditions and potential risks, the International Monetary Fund (IMF) said.
IN the beginning, President Ferdinand 'Bongbong' Marcos Jr. (BBM) got rave reviews for bringing in an 'excellent' economic team that would provide economic direction to his government. The economist Benjamin Diokno was prevailed upon to cut short his six-year term as governor of the Bangko Sentral ng Pilipinas (BSP) and chairman of the Monetary Board to become the secretary of finance, presumably with a cut in pay.