ADB: More BSP hikes may support peso
The ADB expects the BSP to maintain a gradual tightening bias, with further interest rate hikes potentially supporting the peso amid record-low levels,…
· 2 MIN READ
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Latest Daily Tribune news and analysis on BSP Central Banking Symposium.
The ADB expects the BSP to maintain a gradual tightening bias, with further interest rate hikes potentially supporting the peso amid record-low levels,…
· 2 MIN READ
Further interest rate hikes from the Bangko Sentral ng Pilipinas (BSP) may support the Philippine peso, which has slumped to record lows more than 25 times…
· 2 MIN READ
IMF and ADB expect the BSP to maintain a tightening bias as Middle East conflict, rising rice prices and weather risks add pressure to Philippine inflation.
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The BSP’s monthly Business Expectations Survey showed that business sentiment improved in August even as the bank’s quarterly Consumer Expectations Survey…
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The International Monetary Fund (IMF) and Asian Development Bank (ADB) expect the Bangko Sentral ng Pilipinas (BSP) to maintain its monetary policy tightening…
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Existing thrift, rural and cooperative banks identified by the BSP as operating under a business model similar to that of a digital bank must meet the same…
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US Federal Reserve Chair Kevin Warsh justified the interest rate hike — the first since 2023 — saying inflation is too high and had persisted for too long,…
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The US Federal Reserve raised its benchmark interest rate by 25 basis points on Wednesday (Thursday Philippine time), its first rate increase since 2023, as…
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OFW remittances reached $20.39 billion from January to July 2026, rising 2.3 percent, with the United States remaining the largest source of inflows.
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Remittances from overseas Filipino workers (OFWs) reached $20.39 billion in the first seven months of 2026, up 2.3 percent from $19.93 billion in the same…
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The BSP said this was supported by a net reduction in resident banks’ loan claims on nonresidents, along with higher foreign loan availments by domestic banks…
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The peso on Friday weakened 14.5 centavos, or 0.23 percent, to a fresh record low of P62.68 per US dollar – its 24th record low since the onset of the Middle…
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The peso’s recent depreciation may indicate that further tightening from the Bangko Sentral ng Pilipinas (BSP) might be warranted as the Philippine economy…
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In its latest Business Expectations Survey, the BSP said “renewed concerns over tensions in the Middle East, higher oil prices, and persistent inflationary…
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Headline inflation eased for a fourth consecutive month to 6.1 percent in August, falling within the Bangko Sentral ng Pilipinas (BSP)’s forecast range as food…
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‘We expect the BSP to act decisively based on available data and intervene when necessary to reduce exchange rate volatility. The administration’s approach is…
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‘As of the end of the second quarter of this year, we are only at a shortfall of about 7 percent year on year in terms of public spending.’
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BSP sees August inflation at 5.5 to 6.5 percent as higher food and fuel prices, bad weather and El Niño risks offset easing electricity rates and peso gains.
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