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%.
Balita.org: Your Premier Source for Comprehensive Philippines News and Insights! We bring you the latest news, stories, and updates on a wide range of topics, including politics, culture, economy, and more. Stay tuned to know everything you wish about your favorite stars 24/7.
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%.
MANILA, Philippines — The Zamboanga Peninsula has the highest poverty incidence among the country's regions, according to 2023 data from the Philippine Statistics Authority on Thursday.
MANILA, Philippines — Senate Minority Leader Aquilino Pimentel III on Tuesday has questioned the impact of inflation on the national government’s budgeting.
MANILA, Philippines — All infrastructure projects funded by official development assistance (ODA) are delayed, according to Finance Secretary Ralph Recto on Tuesday.
MANILA, Philippines — Suspended Bamban Mayor Alice Guo’s troubles continue to mount as the Commission on Elections (Comelec) issued her a subpoena for material misrepresentation on Tuesday.
MANILA, Philippines — The Senate is looking into the recent deaths of two overseas Filipino Workers (OFWs) in Saudi Arabia.
MANILA, Philippines — Senate President Francis Escudero on Monday said there are no plans to lessen the holidays following the online uproar his previous comments stirred.
MANILA, Philippines — The Manila Electric Company is set to slightly hike power rates this August, from P11.6012 per Kilowatthour in July to P11.6339 per kWh this month.