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STRONGER-THAN-EXPECTED growth in 2023 and expectations that prices are already slowing are enough reasons to expect the Monetary Board to maintain key policy rates next week, according to an HSBC economist. In an economic brief, HSBC Asean economist Aris Dacanay said he remained confident that the Bangko Sentral ng Pilipinas…
THE rise in commodity prices could be higher in February due to more expensive food items, according to the Bangko Sentral ng Pilipinas (BSP). On Thursday, BSP said inflation could average 2.8 to 3.6 percent in February due to more expensive food items such as rice, meat, and fish. The…
THE Monetary Board, the highest policymaking body of the Bangko Sentral ng Pilipinas (BSP), has left the Target Reverse Repurchase (RRP) Rate unchanged for the second time in a row. With the decision, the country’s key policy rate was maintained at 6.5 percent. The interest rates on the overnight deposit…
THE Bangko Sentral ng Pilipinas (BSP) is expected to cut its rates earlier than expected due to the slowdown in inflation, according to two international financial institutions. In economic briefs released on Wednesday, ANZ Research said the BSP could cut rates by the last quarter of the year; while HSBC…
THE additional policy rate hikes last year will continue to haunt the economy this year, according to the government’s think tank, the Philippine Institute for Development Studies (PIDS). In a discussion paper, PIDS researchers led by Senior Research Fellow Margarita Debuque-Gonzales said the additional hikes could impact the performance of…