ADB: More BSP hikes may support peso
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
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Latest Daily Tribune news and analysis on BSP remittance.
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.
· 3 MIN READ
The BSP’s monthly Business Expectations Survey showed that business sentiment improved in August even as the bank’s quarterly Consumer Expectations Survey…
· 2 MIN READ
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
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…
· 3 MIN READ
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…
· 3 MIN READ
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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Remolona said the Philippines should diversify its oil sources and establish strategic fuel reserves to reduce its exposure to supply shocks.
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