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Finance chief says BSP could match US Fed 50 basis points rate cut
Finance Secretary Ralph Recto expects the Bangko Sentral ng Pilipinas to further reduce key interest rates this year, possibly matching the latest reduction delivered by the U.S. Federal Reserve.
T-bill yields drop as demand surges following deposit reserve cut
Treasury bill (T-bill) rates posted a sharp decline at the Bureau of the Treasury auctions Monday following a significant cut in deposit reserves as mandated by the Bangko Sentral ng Pilipinas.
Uncompromising Bautista blinks, postpones hardline stance on RFID load/tollway credit rule to 2025
The Department of Transportation (DOTr) has postponed the plan to penalize motorists who violate radio frequency identification (RFID) load or tollway credit regulations on expressways in Metro Manila and nearby regions.
BSP sees no point in reviving contract with AllCard
The Bangko Sentral ng Pilipinas (BSP) on Saturday saw no point in reviving the contract with equipment, raw materials, and support services provider AllCard which allegedly failed to deliver its end of the agreement but has sued to enforce it.
BSP frees captured liquidity of P380 billion with 250 basis point cut in deposit reserves
The Bangko Sentral ng Pilipinas (BSP) on Friday announced a reduction in the banks' deposit reserves from 9.5 percent at the moment to 7 percent beginning October this year.
