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ARTICLE FINDER

Bangko Sentral hikes interest rates for 5th time to curb inflation

Nov 15, 2018 - 5:00 PM

The Bangko Sentral ng Pilipinas projects inflation to settle at 5.3% in 2018, then significantly drop to 3.5% in 2019

Bangko Sentral hikes interest rates for 4th time, raises inflation forecasts

Sep 27, 2018 - 5:00 PM

The Bangko Sentral ng Pilipinas hikes interest rates by 50 basis points. It also raises its inflation forecasts for 2018 and 2019.

U.S. Fed raises benchmark interest rate

Sep 27, 2018 - 11:55 AM

US President Donald Trump says he is 'not happy' about the move of the central bank

U.S. FEDERAL RESERVE. Chairman Jerome Powell speaks during a news conference in Washington, DC on March 21, 2018. File photo by Alex Wong/Getty Images/AFP

Bangko Sentral hikes interest rates again over high inflation

Aug 09, 2018 - 4:05 PM

(3rd UPDATE) The Bangko Sentral ng Pilipinas raises interest rates by 50 basis points

Bangko Sentral hikes rates again amid high inflation

Jun 20, 2018 - 7:45 PM

The Bangko Sentral ng Pilipinas implements back-to-back rate hikes as 'inflation expectations remain elevated for 2018'

Amid high inflation, Bangko Sentral ready to raise interest rates 'if needed'

May 03, 2018 - 4:10 PM

While the Philippine central bank's medium-term inflation outlook remains within the government target, it says it will continue monitoring the figures in case a policy shift is needed

READY TO RAISE. If all considerations point to the need for the BSP to undertake some decisive action, Diwa Guinigundo says BSP 'will not have second thoughts.' File photo by BSP

U.S. Fed to hold fire amid rising market sensitivity

Apr 29, 2018 - 11:50 PM

Investors will be looking for signs of how concerned US officials appear to be about rising wages and inflation

WASHINGTON, DC - MARCH 21: U.S. Federal Reserve Chairman Jerome Powell speaks during a news conference March 21, 2018 in Washington, DC. The Fed today as expected announced a quarter-point increase in interest rates under its new chairman. Alex Wong/Getty Images/AFP

BPI expects to benefit from higher interest rates, tax reform, infra buildup

Apr 19, 2018 - 6:50 PM

In 4 to 5 years, BPI expects to raise the share of SME, retail, and microfinance loans to 35%, and reduce the share of corporate loans to 65%

EXPANSION PLANS. BPI plans to allocate P50 billion to accelerate the growth of small and medium enterprise (SME), boost digitalization efforts, enhance deposit franchise and delivery infrastructure, as well as improve its microfinance business. Photo by LeAnne Jazul/Rappler

PH economy reverts to hot money outflows of $545 million in February

Mar 15, 2018 - 9:35 PM

The Bangko Sentral ng Pilipinas attributes the net outflows to investor concerns over the possibility of a US Federal Reserve rate hike

BSP cuts banks' reserve requirement

Feb 15, 2018 - 8:10 PM

The reserve requirement ratio for banks is lowered from 20% to 19%, a move seen to free up liquidity for a growing economy

BSP maintains interest rates, raises inflation forecast for 2018, 2019

Feb 08, 2018 - 8:35 PM

The Bangko Sentral ng Pilipinas sees inflation hitting 4.3% in 2018, and 3.5% in 2019

BSP keeps interest rates unchanged

Nov 09, 2017 - 9:50 PM

The Bangko Sentral ng Pilipinas says there is no need to change monetary settings at the moment as there is enough credit and liquidity in the market

MANAGEABLE. Despite faster rise in consumer prices, Bangko Sentral chief Nestor Espenilla Jr says monetary authorities believe future inflation path would stay within target. Photo by Inoue Jaena/Rappler

BSP leaves Philippine interest rates unchanged again

Sep 21, 2017 - 9:46 PM

The Bangko Sentral ng Pilipinas believes the prevailing monetary policy settings remain appropriate

STAY VIGILANT. 'While prospects for global economic growth have stayed broadly upbeat, geopolitical tensions and lingering uncertainty over macroeconomic policies in advanced economies continue to pose downside risks to external demand,' BSP Governor Nestor Espenilla Jr says. Photo by Inoue Jaena/Rappler

BSP seen to hike interest rates until 2018 – BMI Research

Aug 15, 2017 - 5:30 PM

This is because the global research firm expects Philippine inflation to hit the higher end of the 2017 target

BSP maintains interest rates in Tetangco's final Monetary Board meeting

Jun 22, 2017 - 6:20 PM

While global economic conditions remain challenging outgoing BSP Governor Amando Tetangco Jr says prospects for domestic economic activity continue to be firm

RATES KEPT. BSP Governor Amando Tetangco Jr says the central bank is keeping the overnight borrowing rate at 3%. Screenshot from BSP YouTube page

U.S. Fed: New rate hike likely coming 'soon'

May 25, 2017 - 10:35 AM

Most analysts expect two more rate increases this year likely in June and in September but there are now doubts over that schedule

RATE HIKE. Federal Reserve Board Chair Janet Yellen holds a news conference after the central bank announced an increase in the benchmark interest rate following a Federal Open Market Committee meeting on December 14, 2016 in Washington, DC. File photo by Chip Somodevilla/Getty Images/AFP

Espenilla promises continuity, more financial innovation at BSP

May 09, 2017 - 9:10 PM

The new governor of the Bangko Sentral ng Pilipinas outlines his plans to maintain the country s monetary stance as well as expand the debt market and digital payments

Bangko Sentral ng Pilipinas New Governor Nestor Espenilla speaks with the members of media during press briefing at BSP Complex in Manila. Photo by Inoue Jaena/Rappler

BSP likely to leave rates unchanged after another U.S. Fed hike

Mar 16, 2017 - 5:50 PM

An economist says the strategy to hike early on has allowed the BSP to stand pat in the face of 3 Fed rate hikes to date

WIDELY EXPECTED. BSP Governor Tetangco says the Fed rate hike is widely expected and already priced in. Screenshot from BSP Youtube page

U.S. Fed raises benchmark interest rate a quarter point

Mar 16, 2017 - 7:55 AM

But US Federal Reserve Chair Janet Yellen says they have yet to discuss the potential impact of US President Donald Trump s planned tax cuts and infrastructure spending

WASHINGTON, DC - MARCH 15: Federal Reserve Board Chairwoman Janet Yellen holds a news conference following a meeting of the Federal Open Market Committee March 15, 2017 in Washington, DC. Yellen announced that the Fed raised its benchmark interest rate for the third time since the 2009 global financial crisis, earlier than markets anticipated at the beginning of this year. Chip Somodevilla/Getty Images/AFP

'5-6' lenders will be arrested without warrant – DOJ

Jan 11, 2017 - 9:26 AM

The Justice Secretary cites violation of business requirements and tax fraud committed by lenders – a number of whom are Indians – as basis for the unwarranted arrest

ARREST WITHOUT WARRANT. Justice Secretary Vitaliano Aguirre threatens Indian 5-6 lenders that they will be arrested even without a court-issued warrant. File photo by Ben Nabong/Rappler

Citing Trump 'uncertainty,' Fed says faster rate hikes possible

Jan 05, 2017 - 1:05 PM

US President elect Donald Trump s pledge to slash taxes and ramp up infrastructure spending could boost demand above sustainable levels

WASHINGTON, DC - DECEMBER 14: Federal Reserve Board Chair Janet Yellen holds a news conference after the central bank announced an increase in the benchmark interest rate following a Federal Open Market Committee meeting December 14, 2016 in Washington, DC. With unemployment low and concern over inflation on the rise, the central bank decided to raise the federal interest rate by a quarter of a percentage point, moving from 0.25-0.50 percent to a range of 0.50 and 0.75 percent. Chip Somodevilla/Getty Images/AFP

PH peso nears P50 again

Dec 20, 2016 - 8:25 PM

This is its weakest level in over a decade or since closing at P50 12 to 1 on November 16 2006

WEAKEST. This was its weakest level in over a decade or since closing at P50.12 to $1 in Nov. 16, 2006. Rappler file photo

How a Fed rate hike impacts the Philippine economy

Dec 15, 2016 - 12:18 PM

Economists agree that the Philippines may be in for some rough sailing but will ultimately weather the storm

HIT ON THE CHIN. For BPI's lead economist, the 25 basis points hike on December 14 already seems to be priced in.

Indonesia unexpectedly cuts key interest rate

Oct 21, 2016 - 10:23 AM

Bank Indonesia reduced the rate by 25 basis points to 4 75 despite many economists having forecast there would no change

ECONOMIC GROWTH. Indonesia's central bank on unexpectedly cuts its key interest rate for the 6th time this year. File photo by AFP

US Federal Reserve keeps key interest rate on hold

Sep 22, 2016 - 11:10 PM

Fed Chair Janet Yellen denies that politics is a factor in the decision making of the Federal Open Market Committee

Federal Reserve Chair Janet Yellen speaks during a press conference following the announcement that the Fed will leave rates unchanged, in Washington, DC, September 21, 2016. The Federal Reserve kept its benchmark interest rate unchanged for the sixth straight meeting Wednesday, saying it needs to see more signs of strength in the US economy. / AFP PHOTO / SAUL LOEB

PH business confidence in Q3 hits record high despite dip from Q2

Aug 27, 2016 - 4:22 PM

Despite the dip from the previous quarter the confidence index for the third quarter is the highest ever recorded and is expected to rebound by end of the year according to the latest BSP Business Expectations Survey

Indonesia uses new interest rate to boost economy

Aug 19, 2016 - 11:51 PM

The new rate which is a shift from the old 12 month reference rate has a more short term focus and the bank hopes it will help them influence markets more quickly and directly

INTEREST RATE. The facade of Bank Indonesia building is seen in the capital city of Jakarta on May 8, 2014. AFP PHOTO / ROMEO GACAD

Divided Fed wanted to keep rate 'options open'

Aug 18, 2016 - 11:25 PM

Minutes of the US Federal Reserve s July meeting show inflation is foremost on policy makers minds

(FILES) This file photo taken on August 9, 2011 shows the US Federal Reserve building in Washington, DC.  US Federal Reserve policy makers last month believed risks to the US economy had lessened but wanted to keep their interest rate policy "options open", according to minutes released August 17, 2016. / AFP PHOTO / KAREN BLEIER

Fed leaves rates unchanged but says US economy improving

Jul 28, 2016 - 5:00 PM

There s still the possibility of an increase in the benchmark federal funds rate by December

NEW YORK, NY - JULY 27: American flags are displayed outside the New York Stock Exchange (NYSE) during the evening of July 27, 2016 in New York City. The dollar fell Wednesday as the U.S. Federal Reserve's latest policy statement caused investors to reassess expectations for interest rate increases in the coming months. Kena Betancur/Getty Images/AFP

US economy still tracking 'modest' growth – Fed report

Jul 14, 2016 - 6:00 PM

The outlook was generally positive across broad segments of the economy including retail sales manufacturing and real estate says the US Federal Reserve

epa05344762 US Federal Reserve Chair Janet Yellen (C) attends an open meeting of the Board of Governors of the Federal Reserve System, with Vice Chair Stanley Fischer (L) and Federal Reserve Governor Daniel Tarullo (R); at the Marriner S. Eccles Federal Reserve Board Building, in Washington, DC, USA, 03 June 2016. EPA/MICHAEL REYNOLDS

Fed was divided in June over hiking interest rates soon

Jul 07, 2016 - 1:30 PM

Almost all participants said the weak May labor report led to growing uncertainty according to minutes of the meeting

epa05367807 US Federal Reserve Chair Janet Yellen speaks at a press conference after announcing that the Federal Reserve plans to leave interest rates unchanged in Washington, DC, USA, 15 June 2016. Yellen hinted that the Federal reserve may still increase interest rates on two occasions before the end of the year. EPA/JIM LO SCALZO

Metrobank to offer up to P20B in long-term negotiable time deposits

Jun 23, 2016 - 8:50 PM

The issuance is aimed at taking advantage of the strong liquidity in the system as well as low interest rates says Metrobank s vice president

Fed keeps interest rate steady as Brexit vote looms

Jun 16, 2016 - 4:35 PM

It is a decision that could have consequences for economic and financial conditions in global financial markets says Janet Yellen about Britain s June 23 referendum

epa05367974 US Federal Reserve Chair Janet Yellen speaks at a press conference after announcing that the Federal Reserve plans to leave interest rates unchanged in Washington, DC, USA, 15 June 2016. Yellen hinted that the Federal reserve may still increase interest rates on two occasions before the end of the year. EPA/JIM LO SCALZO

Fed minutes: Door still open for a June rate hike

May 19, 2016 - 3:00 PM

US central bank policymakers are unexpectedly open to a rate hike in June

epa05288807 Chair of the Board of Governors of the Federal Reserve System Janet Yellen, with Vice Chairman Stanley Fischer (L) and Governor Daniel Tarullo (R), participates in a meeting 'to discuss a proposed rule to establish the Net Stable Funding Ratio, as well as a proposed rule establishing restrictions on qualified financial contracts of systemically important banking organizations.' at the Federal Reserve in Washington, DC, USA, 03 May 2016. EPA/SHAWN THEW

BSP to shift to interest rate corridor in June

May 16, 2016 - 1:15 PM

UPDATED The BSP says the shift to IRC does not represent a change in the central bank s monetary policy stance

NEW FRAMEWORK. BSP expects the new interest rate framework to support the development of Philippine capital markets. File photo from Bangko Sentral ng Pilipinas

7 banks to pay $324M to settle suit alleging interest rate manipulation

May 05, 2016 - 12:35 AM

The banks are accused of conspiring to set the daily benchmark rate for interest rate exchange contracts

epa02913523 (FILE) A file photo dated 22 April 2008 showing a view of a Bank of America branch in New York, New York, USA. Bank of America Corporation reported 12 September 2011 it would slash some 30,000 jobs within the coming years. The move is part of a strategy to cut costs and comes after a reorganization of the bank's management last week. Bank of America hopes to be able to save some five billion USD per year. EPA/JUSTIN LANE

Tobacco tax hike to add billions to Australia's coffers

May 03, 2016 - 9:51 PM

Australia announces measures to increase revenue including higher tax on cigarettes and a crackdown on firms engaging in tax avoidance

epa05288090 Australian Treasurer Scott Morrison (C) speaks during the delivery of the 2016-17 Federal Budget in the House of Representatives at Parliament House in Canberra, Australia, 03 May 2016. Reports state Australian Treasurer Scott Morrison announced tax cuts for small businesses and fines on multinational companies that shift profits offshore to avoid taxes in Australia. EPA/LUKAS COCH AUSTRALIA AND NEW ZEALAND OUT

Fed frets less over world economy; June rate hike odds rise

Apr 28, 2016 - 3:35 PM

The Federal Open Market Committee simply says it will closely monitor inflation indicators and global economic and financial developments

NEW YORK, NY - APRIL 27: Traders work on the floor of the New York Stock Exchange (NYSE) on April 27, 2016 in New York, New York. In a not unexpected move, Federal Reserve officials left short-term interest rates unchanged Wednesday citing lingering concerns about low inflation and global economic developments. Spencer Platt/Getty Images/AFP

Analysts unsure if peso, market losses related to elections

Apr 27, 2016 - 7:50 PM

Could developments in the local political scene be the culprit? Some analysts note that external conditions have been affecting the peso and PSE too

Yellen confident in US growth but stresses 'gradual' rate hikes

Mar 30, 2016 - 1:55 PM

Federal Reserve Chair Janet Yellen says the US economy is remarkably resilient but there are broader concerns about global financial developments

NEW YORK, NY - MARCH 29: Federal Reserve Board Chairwoman, Janet Yellen speaks at the Economic Club of New York on March 29, 2016 in New York City. Due to an easing of domestic financial conditions, Yellen said that growth in the United States economy remained on track. Spencer Platt/Getty Images/AFP

Oil slide, strong dollar drag Asian shares lower

Mar 24, 2016 - 7:05 PM

Crude oil posting its biggest loss in 6 weeks coupled with hints that the US Fed will raise interest rates in April contribute to a bad day for Asian markets

Chinese investors look at a screen showing stock movements at a stock brokerage house in Beijing, China, January 5, 2016. How Hwee Young/EPA

Feeling global slowdown, Fed keeps interest rate unchanged

Mar 17, 2016 - 2:25 PM

The Federal Open Market Committee expects the US economy to grow only 2 2 in 2016

epa05214765 Chair of the US Federal Reserve Janet Yellen responds to a question from the news media during a press conference at the Federal Reserve in Washington, DC, USA, 16 March 2016. The press conference comes at the conclusion of a two-day meeting of the Federal Open Market Committee (FOMC), led by Fed Chair Yellen. EPA/SHAWN THEW

Purisima to critics: PH debt position 'best in 18 years'

Feb 21, 2016 - 12:31 AM

By virtually any sensible measure we are much better off today than we were 6 or even 18 years ago with the earliest comparable annual debt data says the finance secretary

Investing for a happy marriage

Feb 12, 2016 - 11:53 AM

What is the most important investment you ll make in your life? Financial experts advice young couples on managing their finances

How falling oil prices could be good for PH

Jan 25, 2016 - 10:00 AM

Filipinos stand to benefit from cheaper gas and less inflation but global markets are expected to stay volatile

OIL BOOST. While oil-producing nations and global markets are suffering, economists think that the Philippines' consumption-led economy will get a boost from low oil prices this year as consumers benefit from cheaper utilities and lower inflation.

Foreign direct investments inch up in October

Jan 12, 2016 - 3:03 PM

The latest figure reflects favorable investor sentiment but FDI inflows is still down from January October 2015

SUSTAINED. The net inflows are sustained amid uncertainties in the global financial markets brought about by the interest rate lift off in the US and the economic slowdown in China. File photo by Agence France-Presse

World Bank maintains PH 2016 growth forecast at 6.4%

Jan 07, 2016 - 4:13 PM

While unchanged the World Bank s forecast for the Philippines this year is below the government s growth target of 7 8

LOWER FORECAST. For 2015, the World Bank projects that the country grew by 5.8%, which is below the National Economic and Development Authority's full-year goal of 6%. File image from the World Bank website

PH peso to weaken P48.80:$1 in 2016 – ING Bank

Jan 05, 2016 - 3:00 PM

The peso is seen to depreciate further by 3 4 this year after shedding 5 2 against the greenback in 2015 an economist from ING Bank Manila says

FORECAST. ING Bank Manila's exchange rate forecast is more bearish than the consensus of Bloomberg that expects the Philippine peso weakening by 1.8% to P47.90 to $1 in 2016.

Despite US Fed decision, BSP keeps interest rates unchanged

Dec 17, 2015 - 6:58 PM

Gov t officials say there s no need to worry about the US Fed interest rate hike as the Philippines has sound macroeconomic fundamentals

UNCHANGED. The central bank’s Monetary Board has decided to keep interest rates steady amid the firm domestic demand conditions and benign inflation environment. File photo from BSP

College students learn the basics of investing

Nov 22, 2015 - 10:24 PM

A student organization teaches the youth how to get an early start at investing through lectures and games