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By Lino De La Cruz | January 15, 2010 - 12:00am
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In the face of unspeakable loss, we are allowed – entitled, even – to grieve.
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The Monetary Board last Thursday administered the equivalent of shock therapy – the sort given to patients whose hearts stop beating. Our economy is in intensive care.
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The Bangko Sentral ng Pilipinas is expected to raise interest rates further in December, with some economists anticipating additional tightening through early 2027 as persistent inflation and a weakening peso keep pressure on monetary authorities. Analysts from BofA Global Research, BMI and Bank of the Philippine Islands see room for further increases after the BSP’s Monetary Board delivered a larger-than-expected 50-basis-point hike on Thursday, bringing the benchmark interest rate to 5.50 percent.
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National University and Adamson tussle in a battle of revelation squads to stay in the leaderboard at the start of their UAAP Season 89 men’s basketball second-round campaign Saturday at the Blue Eagle Gym.
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The Bangko Sentral ng Pilipinas (BSP) delivered its biggest interest rate hike in more than three years yesterday, as worsening inflation pressures prompted a more aggressive monetary policy response. At its fifth policy meeting this year, the Monetary Board raised its benchmark rate by 50 basis points to 5.50 percent. The larger-than-expected increase marked the BSP’s fourth consecutive rate hike this year and its first 50-basis-point adjustment since February 2023.
3 days ago
Lotto Oct 24, 2026
EZ2/LVM - 22 30
SUERTRES - 6 4 0
6D Lotto - 8 6 4 0 4 8
6/42 - 39 3 18 41 42 34
P15,431,959.00
Grand Lotto - 22 39 14 17 54 10
P298,324,976.00
Forex
February 12, 2018
- 12:00 am
- 12:00 am
1$ : P51.66