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MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has shown bias toward a more restrictive policy and a higher-for-longer approach to interest rates after signaling the resumption of its tightening cycle as early as November amid upside risks to inflation, economists said.
MANILA, Philippines — The increase in loans disbursed by big banks slowed for the fourth straight month in July amid high borrowing costs after a series of aggressive interest rate hikes, according to the Bangko Sentral ng Pilipinas (BSP).
MANILA, Philippines — Philippine banks vowed to further deepen their collaboration and partnership with the Bangko Sentral ng Pilipinas (BSP) on cybersecurity, as well as financial literacy and inclusion.
MANILA, Philippines — ING Bank cuts below five percent its 2023 economic growth forecast for the Philippines due to the further pickup in inflation as well as the possibility of additional interest rate hikes to be delivered by the Bangko Sentral ng Pilipinas (BSP).
MANILA, Philippines — Tobacco and airline magnate Lucio Tan and his wife Carmen have stepped down as directors of listed Philippine National Bank (PNB) as part of succession planning.
MANILA, Philippines — A possible rate hike in November may not be the last with the expected higher-for-longer interest rate environment amid more upside risks to inflation, according to Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. In an interview aired on Bloomberg Television, Remolona said monetary authorities are not convinced that the possible rate hike in the next rate-setting meeting on Nov. 16 would be the last. “It won’t be the last hike in the cycle, we’re not convinced of that
MANILA, Philippines — Filipino consumers and business turned more optimistic for the fourth quarter, according to the results of the latest surveys conducted by the Bangko Sentral ng Pilipinas (BSP).