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Eli Remolona latest news

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Eli Remolona - Finance Secretary Recto on 50 bp cut: 'I think we can' - philstar.com - Philippines - Usa

Finance Secretary Recto on 50 bp cut: 'I think we can'

On Tuesday, Department of Finance Secretary Ralph Recto [link] noted the US Federal Reserve’s 50 basis point cut and said, “I think we can also do half a percent.” Mr. Recto is one of seven members of the BSP’s Monetary Board, which is the entity responsible for setting our benchmark interest rate. The Governor of the BSP, Eli Remolona, is also a member of the Monetary Board (and also its Chairman); in August, he said that the BSP had room to make a 25 bp cut in FY24, but yesterday he updated these remarks by saying that we could get two 25 bp cuts in the final two Monetary Board meetings this year.

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Louise Maureen Simeon - Eli Remolona - Dennis Mapa - BSP terminates contract with national ID card supplier - philstar.com - Philippines - city Manila, Philippines

BSP terminates contract with national ID card supplier

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has terminated its contract with the supplier of the national ID cards for failure to deliver on its commitments.

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Eli Remolona - Jean Mangaluz - BSP cuts down interest rates to 6.25% - philstar.com - Philippines - Usa - city Manila, Philippines

BSP cuts down interest rates to 6.25%

MANILA, Philippines —The Banko Sentral ng Pilipinas (BSP) on Thursday announced that it reduced key policy rates by 25 basis points (bps), going from 6.50% down to 6.25%.  

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Eli Remolona - US Federal Reserve holds steady but signals September pivot more likely - philstar.com - Philippines - Usa - county Jerome - city Powell, county Jerome

US Federal Reserve holds steady but signals September pivot more likely

The US Federal Reserve (the “Fed”) [link] elected to leave interest rates unchanged yesterday, but remarked through its chairman that the decision to pivot and apply the central bank’s first rate cut “could be on the table in the September meeting.” Fed Chairman Jerome Powell said that the US job market is in a “good place” and that he would “not like to see material further cooling to the job market”. Mr. Powell said that the Fed was on-trend for a “soft landing”, which is an outcome where inflation is brought back down into the 2% maximum band without triggering a recession.

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Eli Remolona - Philippines Set to Launch Central Bank Digital Currency by 2029 - cryptonews.com - Philippines

Philippines Set to Launch Central Bank Digital Currency by 2029

The Philippines’ central bank is reportedly set to issue its wholesale central bank digital currency (CBDC) by 2029.

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Eli Remolona - Elon Musk - Philippines’ Central Bank Chief Rejects Crypto Endorsement Claims - cryptonews.com - Philippines

Philippines’ Central Bank Chief Rejects Crypto Endorsement Claims

Philippines’ central bank issued a warning on Friday, urging citizens to be more cautious about crypto scams on social media. It clarified that Governor Eli Remolona, Jr. does not endorse an alleged crypto project “Tesler Code” or any other crypto investment.

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Eli Remolona - Rate cut more likely as inflation drops - manilatimes.net - Philippines - city Manila

Rate cut more likely as inflation drops

LOWER-THAN-EXPECTED June inflation has raised the likelihood of the Bangko Sentral ng Pilipinas (BSP) cutting key interest rates next month, analysts said.

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Ferdinand Marcos-Junior - Eli Remolona - Ian Laqui - BSP's Monetary Board retains interest rates at 6.5% - philstar.com - Philippines - city Manila, Philippines

BSP's Monetary Board retains interest rates at 6.5%

MANILA, Philippines — The Bangko Sentral ng Pilipinas’ (BSP) Monetary Board (MB) has left interest rates untouched, the central bank announced on Thursday.

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