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THE Philippine peso fell to its weakest level in almost two years on expectations that the United States Federal Reserve could delay its rate cuts, according to the Bangko Sentral ng Pilipinas (BSP). On Tuesday, data from the Bankers Association of the Philippines (BAP) showed the peso closed at P58.28…
The Bureau of the Treasury (BTr) raised P15 billion from the tender of Treasury bills (T-bills) on Monday as rates across all tenors eased on signals of a rate cut in the coming months. The auction committee made a full award of its P15 billion T-bills, raising P5 billion each…
The Bangko Sentral ng Pilipinas (BSP) is eyeing to cut key policy rates twice in the second half of the year. BSP Governor Eli M. Remolona Jr. told reporters this may be delivered in increments of 25 basis points. This means, the maximum rate cut that is expected to be…
FILIPINOS are less optimistic about the second quarter and the next 12 months given expectations that inflation would remain high, according to the Bangko Sentral ng Pilipinas (BSP). The latest Consumer Expectation Survey (CES) showed that consumer sentiment was less optimistic for the second quarter of 2024 and the next…
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…