monetary policy - updates

Rappler's latest stories on monetary policy

ARTICLE FINDER

BSP’s interest hike won't address supply-driven inflation – Pernia

Aug 10, 2018 - 9:58 PM

Socioeconomic Planning Secretary Ernesto Pernia says tightening of monetary policy by the Bangko Sentral ng Pilipinas 'will not directly address the supply side of inflation'

PERNIA. NEDA Sec. Ernesto Pernia on Tuesday, July 31, 2018, during hearing on the proposed P3.8-trillion budget for 2019. Photo by Darren Langit

Bangko Sentral ng Pilipinas hikes interest rates for first time since 2014

May 10, 2018 - 6:16 PM

The country's central bank expects the inflation rate to be higher in the coming months

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 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 keeps policy stance, cuts inflation forecast

Mar 23, 2017 - 9:15 PM

The Bangko Sentral ng Pilipinas lowers its inflation outlook for 2017 and 2018 to 3 4 and 3 respectively

WIDELY EXPECTED. Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr says the US Federal Reserve 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

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

BSP maintains monetary policy, inflation targets

Dec 22, 2016 - 8:25 PM

The Bangko Sentral ng Pilipinas keeps the inflation target for 2017 and 2018 at 3

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

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

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

Philippines maintains monetary policy; cuts inflation forecasts

Aug 11, 2016 - 8:45 PM

The BSP trims inflation forecasts for this year and the next to 1 8 from 2 and to 2 9 from 3 1 respectively

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

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

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

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

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

For the 8th time, key interest rates still unchanged

Sep 24, 2015 - 7:30 PM

The benign inflation outlook also provides ample room to keep monetary policy settings unchanged at this time

BSP maintains policy rates, lowers inflation forecast

Aug 13, 2015 - 6:16 PM

Given firm domestic demand the BSP apparently considers that the Philippine economy does not require additional stimulus from monetary policy

July inflation hits 20-year low

Aug 05, 2015 - 12:59 PM

This allows the country s central bank to maintain a monetary policy that sustains rapid economic growth

5 reasons why inflation eased in Q2

Jul 24, 2015 - 1:05 PM

Adequate domestic supply slowed down price increases in most food items contributing to the continued easing of inflation in the previous quarter the central bank says

Barclays sees PH central bank adjusting rates in Q4

Jul 08, 2015 - 6:00 PM

Barclays says it is unlikely BSP would join other central banks in easing monetary policy citing the risk of El Niño among others

Dollar gains on euro after strong US data

Dec 27, 2014 - 7:57 AM

The US dollar also advances modestly against the Swiss franc and the British pound while retreating a bit against the yen after Christmas

Image courtesy of Shutterstock

It’s still the economy, stupid

Sep 13, 2014 - 4:30 PM

If the administration fails to resolve problems that may hamper the economy the President s endorsement may become a kiss of death in 2016

Thank OFWs for PH upgrade - report

Oct 04, 2013 - 9:28 AM

The country s army of overseas Filipino workers OFWs deserve recognition for the investment grade ratings instead of the government a FinanceAsia report says

THANK YOU. Millions of overseas Filipino workers deserve the recognition for the country's investment grade ratings, a report says. File photo by AFP /Fayez Nureldine

US dollar gains ahead other currencies

Aug 13, 2013 - 10:00 AM

The dollar Monday advanced against other major currencies ahead of a busy week of US economic data that could speed a shift towards more restrictive US monetary policy

Fed holds key interest rate, maintains bond-buying

Aug 01, 2013 - 2:20 AM

US Federal Reserve keeps interest rates maintains bond buying programme and predicts pick up in growth

MONETARY STRATEGY. US Federal Reserve, chaired by Ben Bernanke, decides to keep interest rates? File photo by AFP

8-month PH foreign reserves hit $80.8-B

Sep 07, 2012 - 5:59 PM

The country s foreign exchange reserves as of August surpassed the full year target of the central bank

Corona's dollars in 1960's have issues

May 27, 2012 - 2:26 PM

He was a student then and the black market for dollars was not allowed