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BSP raises peso rediscount rates

The Bangko Sentral ng Pilipinas raised its rediscount rates on loans extended to local banks to finance the expansion needs of businesses and households after lifting its benchmark interest rates last week due to rising inflation......»»

Category: financeSource: philstar philstarMay 16th, 2018

BSP raises rediscount rates anew

The Bangko Sentral ng Pilipinas lifted anew the rediscount rates on loans extended to local banks to finance the expansion needs of businesses and households......»»

Category: financeSource:  philstarRelated NewsOct 1st, 2018

BSP adjusts rediscount yields following rate hike

RATES for the central bank’s peso rediscount window have been adjusted upward following the Monetary Board’s decision to raise interest rates last week. In a statement, the Bangko Sentral ng Pilipinas (BSP) announced that yields under the rediscount facility have been raised to reflect higher benchmark rates set by the monetary authority during their May […] The post BSP adjusts rediscount yields following rate hike appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 15th, 2018

Economists see higher inflation rates

Economists of private banks raised anew their inflation forecasts over the next three years amid rising global oil prices, higher food prices, a weak peso, and the effects of the implementation of the tax reform program......»»

Category: financeSource:  philstarRelated News22 hr. 10 min. ago

LTFRB approves P2 jeepney minimum fare increase

  The Land Transportation Franchising and Regulatory Board (LTFRB) approved on Thursday a P2-peso fare increase in public utility jeepneys, effective in November.   The decision came after the LTFRB made permanent the provisional fare hike of P1 back in July and granted another P1 increase, which raises the minimum fare to P10 from the previous P8.   The provisional fare increasefor jeepneys in Metro Manila and adjoining regions temporarily made the minimum jeepney fare to P9.   READ:P9 jeepney minimum fare starts July 6   The decision was signed by LTFRB chair Martin Delgra and board member Ronaldo Corpus.   LTFRB board ...Keep on reading: LTFRB approves P2 jeepney minimum fare increase.....»»

Category: newsSource:  inquirerRelated NewsOct 18th, 2018

Peso seen to hit 54.80:$1 by end 2018

The research arm of Fitch Ratings expects the peso to end weaker at 54.80 to $1 this year and 56.33 to $1 in 2019 amid fears of contagion from emerging markets as well as rising interest rates in the US......»»

Category: financeSource:  philstarRelated NewsOct 1st, 2018

BSP raises interest rates anew; expects above-target inflation until 2019

As widely expected, the Bangko Sentral ng Pilipinas on Thursday raised anew its benchmark rates by another 50 basis points to tame inflation, which monetary authorities expect to soar above official target for two straight years......»»

Category: newsSource:  philstarRelated NewsSep 27th, 2018

How inflation, falling peso affect bank stocks?

Bank stocks are known to thrive in a rising interest rate environment because of the perception that higher interest rates will lead to greater earnings growth. But ever since uncertainties over ri.....»»

Category: newsSource:  philippinetimesRelated NewsSep 26th, 2018

Philippines central bank flags 4th rate hike to fight inflation, help peso

MANILA — The Philippine central bank signaled a fourth hike in its benchmark interest rates this year, a central bank official said on Tuesday, as policymakers boost efforts to tame a nearly decade-high inflation and support the local currency. “We have to deliver a very strong rhetoric about having a strong follow through (policy action),” central […].....»»

Category: newsSource:  interaksyonRelated NewsSep 19th, 2018

Firms to expand, hire more workers in Q4

Companies are expanding and hiring more workers in anticipation of brisk economic activity in the fourth quarter due to the Christmas season, despite concerns about rising inflation and interest rates, as well as the weak peso......»»

Category: financeSource:  philstarRelated NewsSep 9th, 2018

Economists see no easing in rising consumer prices

Inflation last month remained elevated and likely touched the six percent mark on the back of rising oil and food prices, higher electricity rates as well as the weak peso, according to economists......»»

Category: financeSource:  philstarRelated NewsSep 3rd, 2018

Debt repayment costs now higher due to rising interest rates, weak peso — report

Costlier debt servicing due to rising interest rates and exchange rate volatility is the biggest concern faced by the economy, and financial authorities are now planning to introduce “interventions” to manage risks arising from credit......»»

Category: financeSource:  philstarRelated NewsAug 30th, 2018

US-Mexico trade bargain sends Wall Street soaring

NEW YORK, United States -- The United States and Mexico announced a breakthrough deal on trade on Monday, sparking a Wall Street rally that pushed major indices to fresh record closes. Canada's dollar and Mexico's peso both strengthened against the US dollar, which in turn weakened against a basket of other currencies. In Europe, trading was thin with London closed for a public holiday. US President Donald Trump and outgoing Mexican President Enrique Pena Nieto hailed the new trade agreement, which raises hopes the North American Free Trade Agreement can be salvaged after Canada rejoins the talks on Tuesday. The deal tightens local content requirements for autos, as well ...Keep on reading: US-Mexico trade bargain sends Wall Street soaring.....»»

Category: newsSource:  inquirerRelated NewsAug 27th, 2018

ANZ: Peso still likely to hit P54:$1 by yearend

Australia-based ANZ Research continues to hold a bearish outlook for the Philippine peso despite noting that higher interest rates were providing the currency some relief. “While we have been cautious on the Philippines, we note some signs of improvement,” it said in a report. In particular, the research firm pointed out that the peso was [...] The post ANZ: Peso still likely to hit P54:$1 by yearend appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsAug 26th, 2018

Weak peso, low FDIs, skills mismatch and lack of jobs

Luis Breuer, IMF mission chief to the Philippines, points out why our peso is weak, 'Downside risks stem mainly from rising inflation, continued rapid credit growth, higher US interest rates a.....»»

Category: newsSource:  philippinetimesRelated NewsAug 19th, 2018

BSP lifts rediscount rates anew

The Bangko Sentral ng Pilipinas (BSP) lifted anew the rediscount rates on loans extended to local banks to finance the expansion needs of businesses and households after delivering its strongest monetary policy action in 10 years......»»

Category: financeSource:  philstarRelated NewsAug 11th, 2018

Markets Down on Inflation Worries

Anticipation of a fresh hike in the Bangko Sentral ng Pilipinas’ (BSP) key rates later this week resulted in losses in both the Philippine Stock Exchange index (PSEi) and the Peso Tuesday. BSP’s policy-making Monetary Board (MB) will have its fifth rate setting meet for the year on Thursday and it is widely expected to […].....»»

Category: newsSource:  metrocebuRelated NewsAug 8th, 2018

Comment on FMIC cites wisdom of borrowing offshore by PHL local currency bond issuances down in Q1 — ADB-Times of News Philippines

[…] GOVERNMENT plans to borrow more funds abroad will help the state manage debts better, even amid rising interest rates and a weaker peso, a senior officer of one of the country’s biggest investment banks said. Read the full story. […].....»»

Category: financeSource:  bworldonlineRelated NewsAug 2nd, 2018

PHL local currency bond issuances down in Q1 — ADB

GOVERNMENT plans to borrow more funds abroad will help the state manage debts better, even amid rising interest rates and a weaker peso, a senior officer of one of the country’s biggest investment banks said......»»

Category: financeSource:  bworldonlineRelated NewsJul 25th, 2018

FMIC cites wisdom of borrowing offshore

GOVERNMENT plans to borrow more funds abroad will help the state manage debts better, even amid rising interest rates and a weaker peso, a senior officer of one of the country’s biggest investment banks said......»»

Category: financeSource:  bworldonlineRelated NewsJul 25th, 2018

Philippines to sustain growth momentum – FMIC

The Philippines is expected to sustain its growth momentum despite challenges brought about by inflation, rising interest rates and a weak peso, First Metro Investment Corp. (FMIC) said yesterday......»»

Category: financeSource:  philstarRelated NewsJul 16th, 2018