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Second rate hike may not be enough to help markets

WHILE the Bangko Sentral ng Pilipinas increased its benchmark interest rate for a second month on Wednesday, the action may not be enough to help lift Asia’s worst-performing market, according to some analysts.

BSP eases rediscount loan rules

BANKS will soon have more leeway in acquiring short-term funding from the Bangko Sentral ng Pilipinas (BSP) as the regulator said it will now accept syndicated loans as collateral.

City Savings Bank gets BSP approval to acquire PR Savings

The Bangko Sentral ng Pilipinas has approved the plan of UnionBank of the Philippines' savings lending arm to acquire Philippines Resources Savings Bank Corp....

BSP relaxes rule on rediscount loans

Banks will soon have more leeway in acquiring short-term funding from the Bangko Sentral ng Pilipinas (BSP) as the regulator is accepting syndicated loans...

BSP tightens anew to temper inflation

THE Bangko Sentral ng Pilipinas (BSP) raised rates yesterday after a similar move in May in a bid to arrest future inflation and keep local yields competitive.

TDF demand thins amid lingering uncertainties

DEMAND for term deposits grew even weaker yesterday, with banks crowding the week-long tenor as they take a wait-and-see stance on developments in financial markets.

BSP hikes rates to contain ‘elevated’ inflation

By Melissa Luz T. Lopez, Senior Reporter The Bangko Sentral ng Pilipinas (BSP) raised rates on Wednesday, June 20, following a similar move in May...

Demand for term deposits continue weakening

Demand for term deposits grew even weaker yesterday, with banks crowding the week-long tenor as they take a wait-and-see stance on developments in the...

BSP could maintain policy for now — poll

THE BANGKO SENTRAL ng Pilipinas (BSP) may find room to keep interest rates unchanged this week amid signs that inflation may be slowing, economists said in a poll even as they kept the window open for another hike later this year.

BSP net income surges to P9.82B at end-March

THE BANGKO SENTRAL ng Pilipinas (BSP) saw its bottom line surge fivefold during the first quarter largely on the back of gains from currency trading.

BoP, current account pressures persist

THE BANGKO SENTRAL ng Pilipinas (BSP) expects the country’s external payments position to settle at a wider deficit this year under the pressure of more imports but propped up by service-related inflows and the entry of more foreign capital.

Central bank faces ‘complex’ policy environment

THE MONETARY BOARD (MB) is gearing up for an earlier rate-setting meeting next week as it faces a “fairly complex” mix of faster inflation, a weakening peso and robust economic growth.

BSP looks at further easing of FX rules

WORK is under way for fresh easing of foreign exchange restrictions, with changes being prepared by the central bank meant to simplify the entry and withdrawal of investments.

Rediscount borrowings climb to P1.266 billion

BANKS SECURED bigger loans under the central bank’s peso rediscount window in May to fund more commercial lending and asset purchases at a time of higher borrowing costs.

BSP exec downplays rate hike calls

A CENTRAL BANK official has downplayed calls for a fresh hike in benchmark interest rates in the face of faster inflation, arguing such a move will not arrest supply-driven pressures.

Filipino consumers more optimistic for Q2

MORE Filipinos grew optimistic for the second quarter amid perceived improvement in peace and order, and bigger incomes, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.

BSP may need to tighten policy further — Deutsche Bank

SUCCEEDING rate hikes may need to be implemented by the Bangko Sentral ng Pilipinas (BSP) over the coming year in order to arrest faster inflation and keep the peso competitive, a global bank said.

Deutsche Bank says more BSP rate hikes necessary

Succeeding rate hikes may be needed for the Bangko Sentral ng Pilipinas (BSP) over the coming years in order to arrest faster inflation and...

Monetary Board sees inflation momentum slowing — minutes

INFLATION momentum has been easing as price spikes due to tax reform have decelerated, the central bank said as it decided to raise rates last month in order to temper future price increases.

Wages watched for price impact

AN UNEXPECTED increase in minimum wages could prompt the Bangko Sentral ng Pilipinas (BSP) to raise rates anew, a global bank said, even as inflation is expected to ease over the coming months.

Government flags inflation concern

INFLATION clocked slower than expected in May but still marked the fastest clip in more than five years and kept the year-to-date pace past the government’s 2-4% target for 2018, prompting state economic managers to express concern and assure the public of action in separate statements on Tuesday.

BSP sticks to June 30 deadline for banks’ EMV shift

THE CENTRAL BANK will stick to its June 30 deadline for all banks to shift to microchip-based cards and terminals to elevate security standards.

BSP prepares big banks for stiffer liquidity rules

THE Bangko Sentral ng Pilipinas (BSP) will closely monitor liquidity buffers held by big banks starting July, ahead of adopting tighter rules which ensure that lenders can stay afloat for at least a year.

BSP okays opening of 45 ‘branch-lite’ units by lenders

THE CENTRAL BANK has approved lenders’ plans to open dressed-down branches nationwide, as the financial firms seek to expand their presence to unbanked areas.

Money supply growth slows down in April

MONEY SUPPLY continued to grow at the start of the second quarter although slightly slower than the previous month, even as bank lending accelerated, the Bangko Sentral ng Pilipinas (BSP) said in a statement released late Thursday.

BSP lowers TDF volume for retail bond issuance

THE BANGKO Sentral ng Pilipinas (BSP) reduced the offer volume for the one-week term deposit facility (TDF) auction next week to make way for the government’s retail Treasury bond (RTB) issuance.

Business confidence steadies in Q2

OPTIMISM among firms in the country steadied in the second quarter from the preceding three months -- though it dropped from a year ago -- in the face of expectations of higher prices of goods and as businesses continued to adjust to a new tax regime, a recent central bank survey showed.

Inflation seen to have surged in May

Inflation likely accelerated further in May as oil and rice prices kept rising, the Bangko Sentral ng Pilipinas (BSP) said on Thursday, May 31. Prices...

BSP readies regular poll on bankers’ outlooks

THE BANGKO SENTRAL ng Pilipinas (BSP) will conduct a regular poll to get bank executives’ outlook on economic growth and business prospects.

Yields on term deposits climb

TERM DEPOSITS saw a sharp rise in yields yesterday, with stronger demand seen for longer tenors ahead of a fresh cut in bank reserves.

BSP to raise TDF offers to absorb liquidity

THE BANGKO SENTRAL ng Pilipinas (BSP) will raise the auction volume for term deposits in the coming weeks in order to absorb additional liquidity released following a fresh cut in bank reserves.

RRR cut driving peso’s sharp decline

THE fresh cut in bank reserves announced by the central bank is driving the sharper decline of the peso, a global bank said, as...

Loans to small firms surge to P4.6B in 2017

By Melissa Luz T. Lopez, Senior Reporter LOANS GRANTED to small-scale firms surged in 2017 as the central bank relaxed rules on pricing risks and...

BSP further trims banks’ reserve requirement

The central bank announced another 1% cut in bank reserves on Thursday, May 24, marking the second adjustment this year as the regulator aims...

PSBank plans to raise up to P15 billion through LTNCDs

Philippine Savings Bank (PSBank) is planning to raise up to P15 billion by selling peso-denominated long-term negotiable certificates of time deposits (LTNCD). In a disclosure...

Fintech to improve rural lenders’ reach

TAPPING digital solutions will help rural banks to extend more loans to farmers, as it would eliminate logistical woes that limit access to formal...

Moving onward and upward

The trust industry of the Philippines saw its assets grow in 2017 on the back of strong macroeconomic fundamentals and favorable investment climate, according...

Shorter tenors to fetch lower rates at auctions

SHORTER-DATED government securities on offer this week are seen to fetch lower yields as investors track the movement of US Treasuries while waiting for...

BSP further relaxes forex rules

THE BANGKO Sentral ng Pilipinas (BSP) said on Friday that banks will no longer need to secure its approval to convert foreign currency loans...

April sees ‘hot money’ flowing in anew

NET inflows of foreign portfolio investments — also known as “hot money” for the ease by which they enter and leave the economy on...

BSP tightens capital infusion rules

By Melissa Luz T. Lopez, Senior Reporter THE CENTRAL BANK has set stricter rules for lenders in choosing strategic investors, as the regulator raised standards...

Agri-agra reforms pushed

THE CENTRAL BANK is backing proposals to amend a law setting credit quotas for the farming sector amid poor compliance, as it eyes to...

Demand for BSP’s term deposits surges

By Melissa Luz T. Lopez, Senior Reporter DEMAND for term deposits surged yesterday accompanied by a rise in yields, as banks’ appetite for the instruments...

BSP adjusts rediscount yields following rate hike

RATES for the central bank’s peso rediscount window have been adjusted upward following the Monetary Board’s decision to raise interest rates last week. In a...

Yields on Treasury bills, bonds seen mixed after BSP rate hike

YIELDS on government securities to be offered this week will likely end mixed amid market expectations of a big issuance from the Bureau of...