BSP maintains cap on PESONET, Instapay fees
MANILA, Philippines —The fees of electronic fund transfer services PESONET and Instapay have been kept on moratorium by the Bangko Sentral ng Pilipinas (BSP).
Eli Remolona-Junior latest news
Inflation expectations anchored – Remolona
MONETARY authorities have been able to keep inflation expectations anchored amid concerns that consumer price growth could spiral out of control, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said.
PSEi lower, peso down 35 centavos
THE peso fell and the stock market edged lower to start the trading week, weighed down by news of declining foreign investments and investor wariness ahead of central bank meetings this week.
Economist divided over BSP policy direction
MANILA, Philippines — Economists are torn over whether the Bangko Sentral ng Pilipinas (BSP) will deliver another rate hike or leave key policy rates untouched after the government released lower-than-expected inflation in October and stronger-than-anticipated economic expansion in the third quarter.
Further tightening likely next month
MONETARY authorities could raise key interest rates again in November following Thursday's off-cycle hike, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said.
Analysts divided on hike; Balisacan warns of impact
KEY interest rates will likely be increased by 25 basis points (bps) should monetary authorities push through with an off-cycle rate hike, analysts said on Wednesday.
EDITORIAL - Suspended
The concept remains a good one, and the fund is expected to be operational by yearend. “We are just finding ways to make this as close to perfect and ideal as possible.” That’s President Marcos, explaining his suspension of the implementation of his pet project, the Maharlika Investment Fund.
BSP on guard as Israel-Hamas war escalates
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is closely watching the impact of the ongoing war between Israel and Hamas on global economic growth, oil prices and the movement of the peso.