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BSP Governor Eli Remolona Jr.

Latest Daily Tribune news and analysis on BSP Governor Eli Remolona Jr..

  1. BANGKO Sentral ng Pilipinas Governor Eli M. Remolona Jr.’s optimism that growth and economic activity would most likely rebound early next year is based on his expectation that government and public infrastructure spending will eventually ramp up after experiencing major delays. A core pillar of his outlook is the assumption that high inflation will eventually moderate, helping restore purchasing power and economic activity. The BSP raised its benchmark interest rate by 50 basis points to 5.50 percent on Thursday, 22 October 2026.

    Remolona pushes GDP recovery to Q1 2027

    Citing expected recovery in Philippine economic activity as a key consideration in the Bangko Sentral ng Pilipinas’ decision Thursday last week to deliver a…

    2 MIN READ

  3. BSP Governor Eli Remolona Jr. leads the launch of 'Bahandi: The Surigao Treasure and Related Finds.'

    BSP unveils book on Surigao gold treasures

    The Bangko Sentral ng Pilipinas (BSP) has launched Bahandi: The Surigao Treasure and Related Finds, a book showcasing pre-colonial Filipino gold artifacts and…

    2 MIN READ

  4. BSP tightening cycle likely not over — BPI

    BSP tightening cycle likely not over — BPI

    The Bangko Sentral ng Pilipinas (BSP) may raise interest rates again in December 2026 following its 50-basis-point hike to 5.50%, according to Bank of the…

    2 MIN READ

  5. BSP tightening cycle likely not over, BPI says

    BSP tightening cycle likely not over, BPI says

    The Bangko Sentral ng Pilipinas (BSP)'s tightening cycle is far from over despite its unprecedented 50-basis-point “jumbo” rate hike last Thursday, with…

    2 MIN READ

  6. BANGKO Sentral ng Pilipinas Governor Eli Remolona Jr. has clarified that the central bank does not hike policy rates to prop up the peso. When the BSP raises interest rates (such as the 50-basis-point hike bringing the policy rate to 5.50 percent on Thursday, 22 October), it does so to combat broadening domestic demand pressures, oil/transport price shocks, and supply-side risks like El Niño, rather than to target the foreign exchange rate itself.

    Remolona: BSP not hiking rates to defend peso

    ‘We do intervene a little bit in the foreign exchange market, but that’s mainly to avoid swings in the exchange rate that tend to be inflationary.’

    2 MIN READ

  7. BANGKO Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. speaks at a press conference at the BSP Manila headquarters following the central bank’s “jumbo” 50-basis-point rate hike on Thursday.

    Remolona: BSP not hiking rates to defend peso

    Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. maintained the central bank’s hands-off approach to the Philippine peso, saying it does not use…

    2 MIN READ