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BSP cuts big banks’ reserve requirement

FRESH from slashing benchmark interest rates just a week ago by 25 basis points in the face of easing inflation and slowing economic growth, the Bangko Sentral ng Pilipinas (BSP) on Thursday fired off a 200-basis-point (bp) phased reduction in big banks’ reserve requirement ratio (RRR)......»»

Category: financeSource:  bworldonlineRelated NewsMay 16th, 2019

Amro- BSP has room to cut interest rates

The Bangko Sentral ng Pilipinas (BSP) has room to cut interest rates and make borrowings cheaper once more amid slowing inflation The post Amro: BSP has room to cut interest rates appeared first on In.....»»

Category: newsSource:  philippinetimesRelated NewsMay 1st, 2019

BSP tags slowing global economic growth as risk to domestic inflation

Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. yesterday said risks to inflation outlook is still manageable and mainly the slowing global growth that could influence prices......»»

Category: newsSource: NewsAug 5th, 2016

Inflation among poor households eases to 16-month low of 4.3%

The increase in prices being felt by poor families further eased to a 16-month low of 4.3 percent in April amid slower food price increases. The post Inflation among poor households eases to 16-month.....»»

Category: newsSource:  philippinetimesRelated NewsMay 24th, 2019

Medium, small banks get reserve cuts too

The Bangko Sentral ng Pilipinas (BSP) decided yesterday to cut the level of deposits mid-sized and small banks are required to keep with the central bank to release additional funds into the system and boost the country’s slowing economic growth......»»

Category: financeSource:  philstarRelated NewsMay 24th, 2019

SE Asia Stocks-Philippines rises on Huawei reprieve; Indonesia down

SE Asia Stocks-Philippines rises on Huawei reprieve; Indonesia down Reuters week closing high * Singapore inflation data due on Thursday By Niyati Shetty May 22 (Reuters) - Philippine stocks closed h.....»»

Category: newsSource:  philippinetimesRelated NewsMay 23rd, 2019

Sonny Angara, Senate’s tax man, secures second term

Juan Edgardo "Sonny" Angara gets another Senate term despite headwinds he faced after he shepherded through the Senate the first package of  the Duterte administration’s tax reform program, which was partly blamed for the multi-year high inflation last year......»»

Category: newsSource:  philstarRelated NewsMay 22nd, 2019

Lower reserve requirement ratio has minimal impact on inflation

Lower reserve requirement ratio has minimal impact on inflation.....»»

Category: financeSource:  thestandardRelated NewsMay 20th, 2019

Further cuts in RRR expected

The decision of the Bangko Sentral ng Pilipinas (BSP) to cut banks’ reserve requirement ratio (RRR) may provide the much needed boost to the economy which showed signs of slowing down in the first quarter, according to private economists and bankers......»»

Category: financeSource:  philstarRelated NewsMay 17th, 2019

Inflation in Guimaras picks up in April

THE slow inflation in Guimaras province in the first quarter of 2019 inched up to 2.6 percent in April due to accelerated indices of eight commodity groups of both food and non-food. Two indices remain unchanged (communication and education) while health slowed down in April. The food and non- food commodity groups which pushed the […] The post Inflation in Guimaras picks up in April appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsMay 17th, 2019

BSP cuts bank reserve ratio to 16%

The Bangko Sentral ng Pilipinas (BSP) has brought down the level of deposits banks are required to keep with the central bank by 200 basis points (two percentage points) over a three-month period, releasing about P190 billion in additional funds to boost the slowing economy......»»

Category: financeSource:  philstarRelated NewsMay 16th, 2019

PH growth boost seen as BSP orders 3-stage bank reserve cut

The BSP has moved to release more liquidity into the Philippine financial system amid an environment of declining inflation and lower economic growth in the first quarter of 2019. The post PH growth b.....»»

Category: newsSource:  philippinetimesRelated NewsMay 16th, 2019

Bank reserves cut next in line, economists say

Economists expect the Bangko Sentral ng Pilipinas (BSP) to follow suit with a reduction in banks’ reserve requirement ratio (RRR) this week to free up more funds to boost the country’s slowing economy......»»

Category: financeSource:  philstarRelated NewsMay 16th, 2019

Moody’s Analytics sees faster growth

PHILIPPINE gross domestic product (GDP) expansion should pick up this year despite disappointing first-quarter growth, Moody’s Analytics said over the weekend, citing a boost from continued monetary policy loosening that can be expected from the Bangko Sentral ng Pilipinas (BSP) as inflation eases further......»»

Category: newsSource:  bworldonlineRelated NewsMay 14th, 2019

Inflation rate in Eastern Visayas decreases further to 3.1 percent in February 2019

The Inflation Rate (IR) in Eastern Visayas decreased further to 3.1 percent in February 2019. This IR is 0.9 percentage point lower compared with the 4.0 percent IR a month ago......»»

Category: newsSource:  samarnewsRelated NewsMay 13th, 2019

Bottas takes pole at Spanish GP ahead of Hamilton

By Joseph Wilson, Associated Press MONTMELO, Spain (AP) — Valtteri Bottas is poised to become a major threat to teammate and defending Formula One champion Lewis Hamilton after clocking a scorching lap at the Spanish Grand Prix to take his third consecutive pole position on Saturday. Bottas smashed Hamilton's track record at the Barcelona-Catalunya Circuit in qualifying, finishing the 4.6-kilometer (2.5-mile) track in 1 minute, 15.406 seconds to better Hamilton's mark from 2018. More importantly for Bottas' hopes in Sunday's race was the gap of more than half a second over Hamilton's best effort. With Hamilton second on the grid, Mercedes is in great position to extend its record start after the pair swept the top two spots at the first four races. Bottas, who failed to win a race last season, leads Hamilton by one point in the standings after they have alternated places in their run of one-two finishes. "I really enjoyed that adrenaline rush from those laps," Bottas said. "It started well, this season. Just the way I hoped for. I am feeling better and better in the car." Hamilton praised his teammate, who after two years as a second fiddle has emerged as the No. 1 challenger to stopping him from winning a sixth world title. "Valtteri did a fantastic job. He has been quick all weekend," said Hamilton, who took pole in Spain in the previous three years. "I just didn't do the job on my side." Hamilton was quick to add he hoped to celebrate another Mercedes team victory on Sunday, but with him on top. "I'll be giving it everything. Great for the team to have a one-two. If I can reverse it (in the race) I'll be happy." Hamilton will look to turn the tables on Bottas in a race that he has won three times, including the last two years. But Hamilton is getting accustomed to seeing the back of Bottas' car. Bottas won the last race in Azerbaijan from pole position. He was fastest in practice on Friday, and the Finn showed no jitters in qualifying after spinning into gravel in the final practice. Bottas shouted an emphatic "Yes!" over the car radio when he knew the top spot was his after Hamilton came up short on his last run, with some gravel strewn on the course possibly slowing him down. Bottas and Hamilton both said that the 66-lap race could be decided in the opening meters. "The start and Turn 1 will be particularly important," Bottas said. "Tomorrow, Lewis and I both want to win, so I'm looking forward to a hard and fair fight." Hamilton said: "My starts have been decent so far this year, so hopefully that will continue on Sunday as it's not that easy to overtake on this track." Sebastian Vettel in his Ferrari will start from third, just in front of Red Bull's Max Verstappen. Ferrari's other driver, Charles Leclerc, will start from fifth. Vettel has yet to top qualifying, and it is clear Ferrari has made up no ground despite bringing a new engine to Spain. Vettel is 35 points behind Bottas in third place. "The car doesn't feel bad, but the car is not quick enough," Vettel said. "We are struggling a little bit to bring it together." Pierre Gasly had the sixth best time in his Red Bull, ahead of Haas pair Romain Grosjean and Kevin Magnussen. Nico Hulkenberg was the only driver to go off the track in an otherwise clean qualifying session. The German ran into the barrier and bent one side of his front wing under his Renault. After hasty repairs, Hulkenberg could not make it out of the first qualifying section, which culls the slowest five drivers. Renault partner Daniel Ricciardo finished qualifying 10th but will have to serve a three-place grid penalty that he carried over for causing an accident with Daniil Kvyat in Azerbaijan. Williams' woes deepened after George Russell lost control during practice before qualifying. Damage from the rear-end impact into the wall required a gearbox change, which incurred a five-place grid penalty. Russell and teammate Robert Kubica were again at the bottom of qualifying with the slowest cars......»»

Category: sportsSource:  abscbnRelated NewsMay 12th, 2019

Think tank sees more rate cuts as inflation slowdown continues

A more aggressive policy easing can take place within the year as inflation and economic growth are expected to remain subdued, said London-based Capital Economics......»»

Category: financeSource:  philstarRelated NewsMay 10th, 2019

Monetary Board trims interest rates by 25 bps

MONETARY authorities on Thursday slashed interest rates by 25 basis points (bps) — the first time since a series of rate hikes last year — on expectations that inflation would…READ The post Monetary Board trims interest rates by 25 bps appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 10th, 2019

Tightening cycle ends as BSP cuts key rates

The Bangko Sentral ng Pilipinas (BSP) decided yesterday to cut interest rates by 25 basis points, unwinding last year’s tightening cycle, amid easing inflation and to spur economic activities as the country recorded its slowest economic growth in four years in the first quarter......»»

Category: financeSource:  philstarRelated NewsMay 9th, 2019

MB cuts rates, adjusts inflation forecasts

THE CENTRAL BANK’s Monetary Board (MB) on Thursday cut benchmark interest rates by 25 basis points (bps) in its third policy review for the year, hours after the Philippine Statistics Authority (PSA) reported that the economy grew at the slowest clip in four years last quarter and two days after the PSA said inflation eased to the slowest pace in 16 months in April......»»

Category: newsSource:  bworldonlineRelated NewsMay 9th, 2019