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BSP seen keeping rates steady

The Bangko Sentral ng Pilipinas is seen maintaining an accommodative stance to help rejuvenate the economy amid a surge in COVID-19 infections, according to Fitch Solutions and Moody’s Analytics......»»

Category: financeSource: philstar philstarMar 29th, 2021

BSP seen keeping rates steady

The Bangko Sentral ng Pilipinas is seen maintaining an accommodative stance to help rejuvenate the economy amid a surge in COVID-19 infections, according to Fitch Solutions and Moody’s Analytics......»»

Category: financeSource:  philstarRelated NewsMar 29th, 2021

Maybank sees faster inflation, steady interest rates this year

The Bangko Sentral ng Pilipinas is seen keeping interest rates on hold this year after aggressively cutting the benchmark rate to an all-time low of two percent last year to soften the impact of the global health pandemic on the economy, according to Maybank Kim Eng......»»

Category: financeSource:  philstarRelated NewsJan 9th, 2021

Slowing inflation gives BSP space to keep rates low

Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Thursday the manageable inflation rate is giving monetary authorities elbow room to maintain the current policy stance......»»

Category: financeSource:  thestandardRelated NewsJul 23rd, 2021

4 new areas of concern emerge after steady surge in COVID cases

The independent OCTA Research Group on Friday flagged the cities of Davao, Iloilo, Baguio, and San Fernando in La Union as “areas of concern” because of the increasing number of COVID-19 cases and high hospital bed occupancy rates......»»

Category: newsSource:  thestandardRelated NewsJul 2nd, 2021

BSP may keep rates steady

The Bangko Sentral ng Pilipinas is expected to keep interest rates at record low on Thursday as the near-term prospects remain worrisome for the country amid the resurgence of COVID-19 infections, according to Moody’s Analytics......»»

Category: financeSource:  philstarRelated NewsJun 21st, 2021

Getting the second dose, fighting hesitancy

Bringing in vaccines against COVID-19 and keeping infection rates low are currently the two biggest concerns of the Inter-Agency Task Force on Emerging Infectious Diseases. Unfortunately, but it won’t be long before other problems related to the country’s goal of achieving herd immunity rear up......»»

Category: financeSource:  philstarRelated NewsJun 21st, 2021

Rate easing cycle seen to resume in Q3

The Bangko Sentral ng Pilipinas is widely expected to keep rates steady at Thursday’s monetary policy meeting, but would likely resume its easing cycle by September, an international think tank said......»»

Category: financeSource:  philstarRelated NewsJun 21st, 2021

Economists see BSP keeping rates at record low

Economists expect the Bangko Sentral ng Pilipinas to maintain its accommodative policy stance by keeping key interest rates on hold to help the economy fully recover from the pandemic-induced recession......»»

Category: newsSource:  philstarRelated NewsJun 20th, 2021

BSP keeps rates steady

The Bangko Sentral ng Pilipinas yesterday kept the benchmark interest rate at an all-time low of two percent to quicken economic recovery as the recession induced by the COVID-19 pandemic extended for five straight quarters......»»

Category: financeSource:  philstarRelated NewsMay 12th, 2021

Philippine peso steady as EM currencies weaken

The Philippine peso is a standout among emerging market currencies this year. While many EM currencies weakened significantly against the US dollar on the back of rising US interest rates, the peso has been stable......»»

Category: newsSource:  philstarRelated NewsApr 25th, 2021

BSP still not swayed by inflation with stimulus kept intact

Despite seeing more expensive prices this year, the central bank is holding steady and keeping its eye on recovery......»»

Category: financeSource:  philstarRelated NewsMar 25th, 2021

Spike

The Monetary Board meets this week. The market is betting that policy rates will be held steady......»»

Category: newsSource:  philstarRelated NewsFeb 9th, 2021

‘BSP to keep rates steady’

Amid limited options, the Bangko Sentral ng Pilipinas is left with no choice but to keep interest rates steady on Thursday, according to Moody’s Analytics......»»

Category: financeSource:  philstarRelated NewsFeb 8th, 2021

BSP seen keeping rates low

The Bangko Sentral ng Pilipinas may keep the benchmark interest rate at an all-time low of two percent on Thursday despite the breach of its two to four percent inflation target in January, according to economists......»»

Category: financeSource:  philstarRelated NewsFeb 7th, 2021

Delivering ultimate video experience with new OPPO Reno5

OPPO is set to introduce OPPO Reno5 4G and Reno5 5G, the ultimate smartphone videography powerhouse, this February 2021. This marks the steady commitment of OPPO in keeping up with the changing times and needs of its young consumers especially in the advent of 5G connectivity. OPPO Reno5’s latest camera technologies will allow you to picture life together better with your family and loved ones......»»

Category: techSource:  thestandardRelated NewsJan 21st, 2021

Maynilad postpones 2021 water rate hike

Households and businesses in areas serviced by Maynilad Water Services Inc. will see steady water rates next year......»»

Category: newsSource:  philstarRelated NewsNov 3rd, 2020

BSP keeps interest rates steady

The Bangko Sentral ng Pilipinas kept its key interest rates unchanged yesterday, as expected, saying the current monetary policy settings remain appropriate for the time being......»»

Category: financeSource:  philstarRelated NewsAug 20th, 2020

HSBC sees reduced demand for loans

The Bangko Sentral ng Pilipinas is likely to keep benchmark interest rates steady in the near term amid reduced demand for loans despite all-time low rates due to the COVID-19 pandemic, according to British banking giant HSBC......»»

Category: financeSource:  philstarRelated NewsAug 19th, 2020

Meralco rate seen flat in August billing

The customers of Manila Electric Company (Meralco) can rest easy in this month’s billing cycle as the utility firm is anticipating that its all-inclusive pass-on rate will be flattish or there could even be a slight reduction depending on the final billing of its power suppliers. “The overall rate movement looks to be flattish due to improved power situation for the July supply month,” Meralco Spokesman Joe Zaldarriaga has noted. The other factors that could potentially pull down electricity tariffs this month would be the strengthening value of the Philippine peso versus the US dollar; as well as the quarterly repricing of Malampaya natural gas prices. Meralco procures significant portfolio of its supply from power plants fueled by gas from the Malampaya field – hence, the quarterly reckoning of the gas price could have a softening impact on its pass-on cost to the consumers. Zaldarriaga qualified “there is a possibility for a minimal decrease in overall power rates and generation charge because of these factors.” On the supply situation, the Meralco executive noted “there were no yellow alerts in July; and power supply was more stable compared to June – with lower demand in the grid as well.” He indicated that the steady state of power supply in Luzon last month “may contribute to lower WESM (Wholesale Electricity Spot Market) prices and a decrease in generation charge.” And if the impact of the quarterly repricing of the Malampaya gas will be factored in, plus the reinforced value of the local currency, such elements could contribute to the overall lowering of the generation charge for the August billing. The generation charge accounts for roughly 55 to 60-percent of the overall pass-on cost in the electric bills, hence, a downtrend in that cost component could be substantially felt by consumers. Meralco’s electricity rates had been on declining drift in the past months –and this was precipitated by lower generation charge due to slowdown in demand; in addition to the company’s efforts on invoking force majeure claims with its supplier-companies; that in turn had resulted in lower rates for its customers.This year’s plague of the coronavirus pandemic had shifted consumption upswing on to residential end-users; hence, the rate reductions in the past months had been a valuable help in managing power budgets......»»

Category: sportsSource:  abscbnRelated NewsAug 3rd, 2020

T-bills mixed on renewed tighter lockdowns

Rates for short-term government securities were mixed yesterday on concerns that authorities may revert select areas into tighter lockdowns due to risks posed by the COVID Delta variant......»»

Category: financeSource:  philstarRelated NewsJul 26th, 2021