Bangko Sentral ng Pilipinas

Philippine central bank faces huge uncertainty in policymaking, says governor  

[MANILA] Philippine central bank Governor Eli Remolona on Friday reiterated that policymakers face a “large element of uncertainty” which could complicate decision-making. The Philippine central bank ...

The Bangko Sentral ng Pilipinas (BSP), the Philippine central bank, has reduced its target reverse repurchase rate by a quarter of a point to 4.25% on Thursday.

Philippines reduces rate as graft fallout continues to drag growth

Policymakers are banking on lower borrowing costs to help spur consumer and business confidence following a corruption scandal

GoTyme took more than two years after its launch in October 2022 before introducing its first lending product, a buy now, pay later service.

Philippines’ digital banks chase profits as regulator ups the stakes

Both GoTyme and Tonik have said they aim to become net profitable in the next year

A vendor counts earnings in pesos in Manila. BSP said the outlook for growth had weakened, while inflation was benign.

Philippine central bank cuts policy rate by 25 basis points to 4.5%

This is the fifth successive cut in the benchmark rate by the BSP

The ongoing graft scandal over flood infrastructure in the Philippines has hit consumer demand and investor sentiment.

Slower Philippines inflation supports another rate cut

The central bank has slashed its key rate by 175 basis points since August last year

Further easing can help boost demand to support the economy, Eli Remolona says.

Philippines mulls rate cut to spur demand after scandal hit

The policymaking Monetary Board is scheduled to meet on Dec 11

Funds are rotating back into Philippine shares as they brace for some of the steepest policy easing in emerging Asia.

Foreigners buy most Philippine stocks in two years on BSP Bets

The buying has helped lift the nation’s benchmark index this week, set to close about 7% higher

Behind the Malaysian currency’s outperformance lies a more muted regional showing, with its South-east Asian counterparts breaching record lows and its East Asian peers grasping onto slim year-to-date gains against the US dollar.

Ringgit’s winning streak masks Asia’s currency weakness

Philippine peso and dong breach record lows; rupiah, won and yen continue slide

Further rate cuts are possible, “maybe sometime next year”, as policymakers assess economic growth and employment data, with inflation under control, according to Diokno.

Philippine central banker sees more easing as graft woes weigh

BSP's next rate-setting meeting is scheduled for Dec 11

The Reserve Bank of New Zealand on Oct 8 cut its key rate by 50 bps on economic activity and business sentiment that came in worse than expected.

Surprise rate decisions in Asia signal growing economic unease

They underscore growing domestic economic and market uncertainties exacerbated by US tariffs