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Monetary Board raises policy rate by 25 basis points
The policy-making Monetary Board on Thursday decided to raise the interest rate on the Bangko Sentral ng Pilipinas’ overnight reverse repurchase facility by 25 basis...
Monetary tightening to slow PH growth—NEDA
The National Economic and Development Authority (NEDA) said the central bank’s continued tightening cycle would slow down the country’s economic growth this year.
At the...
BOP posted as a shortfall $895M wide in February
The country’s balance of payments (BOP) stood as a deficit in February this year, wider than a year ago at $895 million from only...
BSP assures Malacañang Phl banks can withstand global banking crisis
The Bangko Sentral ng Pilipinas (BSP) has assured Malacañang that Philippine banks are strong and prepared to withstand possible shocks arising from the failure of two major banks in the US and the crisis faced by Credit Suisse in Europe.
Diokno briefs foreign press on Phl economic prospects, infra plan
Finance Secretary Benjamin Diokno has briefed the Foreign Correspondents Association of the Philippines (FOCAP) on the country’s economic strategies for the next five years.
Diokno...
