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By Brian Mahoney | July 2, 2013 - 3:31am
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The Bangko Sentral ng Pilipinas (BSP) remains in active discussions with British financial technology giant Revolut over its planned entry into the Philippine digital banking market, although there is no definite timeline for securing a license.
16 hours ago
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.
2 days ago
Philippine financial markets ended the week in the red, with stocks retreating as investors digested the Bangko Sentral ng Pilipinas (BSP)’s 50-basis-point rate hike while the peso sank to a fresh record low for the third straight trading session.
2 days ago
The decline came a day after the BSP raised its benchmark rate to 5.5%.
2 days ago
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.
4 days ago
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