Banking & Insurance
BSP notes moderate price pressures in August; inflation forecast as low as 3.2%
The monetary authorities project inflation, or the rate of change in prices, to moderate in August from a low of 3.2 percent to no more than 4 percent. This compares with headline inflation averaging 4.4 percent in July.
Government selling triple-tranche global bonds for budget support
The government has started its second external issuance of 2024, seeking to raise at least USD500 million from a triple-tranche fixed-rate US dollar global bond with maturities of 5.5 years, 10.5 years, and 25 years, primarily for budget support.
Fitch Ratings downgrades further PH growth outlook to 5.8%
Sovereign credit watcher Fitch Ratings has downgraded further the country’s output growth, or the gross domestic product (GDP), to 5.8 percent this year as part of its assessment on the government’s plan to sell US dollar- and euro-denominated bonds.
BTr raises T-bill issue size despite increase in interest rates
Treasury bill yields were slightly higher at the auction Tuesday but the Bureau of the Treasury still upsized the issue amount to take advantage of the strong bids.
BSP chief Remolona cited as one of world’s best central banker
Bangko Sentral ng Pilipinas Governor Eli M. Remolona, Jr. has been recognized as one of the top-performing central bank governors globally, receiving an “A-” rating in Global Finance magazine’s 2024 Central Banker Report Cards. The prestigious annual ranking evaluates central bankers from nearly 100 countries, territories, and regions.
