IMF, ADB see BSP hiking rates further
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.
· 3 MIN READ
Topic
BSP Circular No. 1241
Latest Daily Tribune news and analysis on BSP Circular No. 1241.
IMF, ADB expect BSP to keep tightening
The International Monetary Fund (IMF) and Asian Development Bank (ADB) expect the Bangko Sentral ng Pilipinas (BSP) to maintain its monetary policy tightening…
· 3 MIN READ
BSP sets P1-billion capital requirement for digital banks
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…
· 2 MIN READ
Fed hike narrows gap with BSP policy rate
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,…
· 3 MIN READ
Fed hike narrows gap with BSP policy rate
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…
· 3 MIN READ
OFW remittances reach $20.39 billion in first seven months — BSP
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.
· 2 MIN READ
BSP: OFW remittances reach $20.39 billion in first seven months
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…
· 2 MIN READ
BoP deficit narrows 33% to $3.9 billion
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…
· 2 MIN READ
Peso slump may call for more BSP hikes
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…
· 3 MIN READ
Peso slump may call for more BSP hikes
The peso’s recent depreciation may indicate that further tightening from the Bangko Sentral ng Pilipinas (BSP) might be warranted as the Philippine economy…
· 3 MIN READ
BSP: Businesses turn pessimistic in July
In its latest Business Expectations Survey, the BSP said “renewed concerns over tensions in the Middle East, higher oil prices, and persistent inflationary…
· 2 MIN READ
Inflation eases for 4th straight month, but stays above BSP target
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…
· 2 MIN READ
Palace asks BSP to intervene in forex volatility
‘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…
· 2 MIN READ
BSP chief sees Q4 growth recovery
‘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.’
· 2 MIN READ
BSP sees August inflation easing slightly
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.
· 2 MIN READ
BSP: Oil, AI gaps hurt Phl
Remolona said the Philippines should diversify its oil sources and establish strategic fuel reserves to reduce its exposure to supply shocks.
· 2 MIN READ
BSP hikes rates again, cites risks beyond Gulf crisis
The BSP raised its key policy rate by 25 basis points to 5 percent, citing persistent inflation risks from the Middle East conflict, potential El Niño impacts…
· 2 MIN READ