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BANGKO Sentral ng Pilipinas Governor Eli M. Remolona Jr. said an interest policy rate cut is “highly unlikely” in the next few months as such policy move is not yet supported by various economic indicators. Remolona pointed out that there are certain conditions that must be met before the Monetary…
DESPITE upside risks to the inflation outlook, the Monetary Board of the Bangko Sentral ng Pilipinas (BSP) decided to maintain key policy rates during its last meeting for the year. In a briefing on Thursday, BSP Governor Eli M. Remolona Jr. said the Monetary Board decided to keep the BSP’s…
Latest news, analysis and opinions from the Daily FT, Sri Lanka's only national business newspaper. ..
THE pause in the rate hike of the United States Federal Reserve does not bring analysts comfort that the Philippine monetary authorities will take the same position when they meet in two weeks. Local analysts are not discounting the possibility that the Monetary Board will again raise interest rates after an off-cycle hike of 25
Expensive oil and electricity prices as well as the depreciation of the peso may have caused inflation to breach the 6-percent mark in September, according to the Bangko Sentral ng Pilipinas (BSP). In its month-ahead inflation forecast, BSP said inflation could have averaged 5.3 to 6.1 percent in September. In August, inflation averaged 5.3 percent.