Top News
Federal Reserve cut rates by another 25 basis points
The Federal Reserve on Thursday lowered key interest rates by a quarter of a percentage point, its third consecutive rate cut this year that is widely anticipated by the market amid easing inflation concern. For next year, however, the outlook for additional cuts is more cautious.
BSP, DOE lead roundtable on financing GEA
The Bangko Sentral ng Pilipinas (BSP) and the Department of Energy (DOE) jointly hosted a pivotal "Roundtable Discussion on Unlocking Financing for the Green Energy Auction Program (GEAP)" at the BSP Head Office in Manila recently.
PH on track for 5.7% growth in 2024, driven by strong inflation control
The USD437 billion Philippine economy is projected to grow by 5.7 percent in 2024, according to Fitch Ratings, which credits the country’s effective monetary policy for the positive outlook.
OFW remittances continue to surge: October sees 2.7% growth
The Bangko Sentral ng Pilipinas (BSP) on Monday reported a positive trend in personal remittances from overseas Filipinos (OFs), with October 2024 figures showing a 2.7 percent annual increase.
Philippine T-bill yields rise ahead of central banks’ action
Philippine Treasury bill (T-bill) yields rose at Monday’s auction compared to the previous week, as market participants await key monetary policy decisions from both the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP) later this week.
