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
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Eli Remolona
Latest Daily Tribune news and analysis on Eli Remolona.
BSP delivers ‘jumbo’ 50-basis-point rate hike
The central bank has now raised rates in its last four monetary policy meetings, bringing its key policy rate to 5.50 percent.
· 3 MIN READ
Peso slide raises prospect of "jumbo" BSP hike
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BSP: Economy first before public sentiment
‘It’s far too easy for us to just please the crowd. The crowd seems to want low interest rates, strong peso, and low inflation,’ he said. ‘But we have to do…
· 2 MIN READ
BSP puts economy ahead of public sentiment
Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said the central bank’s policy decisions must prioritize the overall well-being of the economy over…
· 2 MIN READ
Solon blasts BSP chief over ‘mayabang tayo’ comment
Kamanggagawa Rep. Eli San Fernando criticized BSP Governor Eli Remolona Jr.’s “consumption culture” remark and challenged him to try living on a minimum wage.
· 2 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
Remolona earns third straight A- rating from Global Finance
‘When other countries were having their hiccups, we were continuing to grow at 5-6 percent the last few years because of the consumption. Yes, our savings have…
· 2 MIN READ
Remolona defended over ‘boastful’ remarks
BDO Capital president Ed Francisco defended BSP Governor Eli Remolona Jr.’s comments on Filipino consumption, saying consumer spending has helped sustain…
· 2 MIN READ
How consumption culture affects the peso
Governor Remolona was not talking about the Filipino on the street but rather the Filipino as an aggregate representation of the country’s consumers and firms.
· 4 MIN READ
Remolona backs Pax Silica to support exports, peso
BSP Governor Eli Remolona Jr. says Pax Silica could boost Philippine exports and ease pressure on the peso, but warns the currency is unlikely to return to P60…
· 2 MIN READ
Remolona backs Pax Silica to support exports, peso
Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. said the planned Pax Silica initiative could help address the country’s persistent trade deficit, which…
· 3 MIN READ
Let Filipinos eat savings
Filipinos don’t need Remolona’s lecture on humility. We need paychecks that survive contact with the grocery, the rent and the tricycle ride.
· 3 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
AMRO: Peso slump in line with forex fundamentals
The Philippine peso’s recent depreciation has largely followed foreign exchange market dynamics, according to ASEAN+3 Macroeconomic Research Office (AMRO)…
· 2 MIN READ
Remolona sees growth recovery by Q4, full rebound in 2027
Economic growth should begin to recover by the end of the year before returning fully to track in 2027 as the government continues to ramp up infrastructure…
· 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