Stocks fall, peso hits 9-month high on BSP interest rate hike
Stocks fell while the peso advanced to a nine-month high Thursday, ahead of the Bangko Sentral ng Pilipinas’ decision to ...
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Liquid financial system gives BSP room to increase interest rates—HSBC
By Julito G. Rada Hongkong and Shanghai Banking Corp. said Wednesday the liquid domestic financial system is giving the Bangko ...
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BSP’s term deposit facility fetches higher rates
The P280 billion offered by the Bangko Sentral ng Pilipinas in its weekly term deposit facility auction on Wednesday was ...
Read moreBOP yielded deficit of $895m in February
The country’s balance of payments position in the first two months remained at a surplus of $2.2 billion, a reversal ...
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BSP expected to increase interest rate by another 25 bps this week
The Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas, is expected to raise the key interest rate ...
Read moreForeign debt rose by $4.84b to reach record $111b in 2022
Foreign debt climbed by $4.84 billion to hit a record $111.268 billion as of end-2022 from $106.428 billion a year ...
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Win wants BSP excluded as fund source for MIF
Senator Sherwin Gatchalian seeks the exclusion of the Bangko Sentral ng Pilipinas (BSP) as a fund source for the proposed ...
Read more2023 BOP target revised to $1-6-billion deficit
The Bangko Sentral ng Pilipinas said Friday it revised downward its 2023 balance of payments forecast to a deficit of ...
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BSP confident on domestic banks’ strength amid turmoil
The Bangko Sentral ng Pilipinas is confident that the domestic banking system will continue to be strong amid the latest ...
Read moreRemittances increased by 3.5% to $2.76b in first month of 2023
Remittances continued to rise in 2023, following a 3.6-percent growth in 2022 that supported the recovery of the economy. The ...
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