The Monetary Board is considering an off-cycle hike in its policy interest rate.
MANILA -- The Monetary Board is considering an off-cycle hike in its policy interest rate, Bangko Sentral ng Pilipinas Governor Eli Remolona said on Tuesday.
“Right now I’m going to a meeting where we’ll look at the data… If the data says inflation will go up very significantly and there’s a risk of affecting inflationary expectations, then we may go for an off-cycle hike as early as Thursday . Pwede ring next week,” Remolona said. BSP Deputy Governor Francis Dakila Jr. said in a statement that they are intent on controlling inflation.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BSP, CDA sign MOA on cooperative oversightThe Bangko Sentral ng Pilipinas (BSP) and the Cooperative Development Authority (CDA) signed a Memorandum of Agreement (MOA) on the collaborative oversight and supervision of cooperatives that are electronic money issuers and operators of payment systems, including those that deploy ATMs.BSP Governor Eli M. Remolona, Jr. and CDA Chairman Joseph B.
Read more »
Phoenix Petroleum board okays PNX SG divestment in bid to finance core businessPHOENIX Petroleum Philippines, Inc. announced Monday that its board approved its divestment in PNX Petroleum Singapore Pte. Ltd. (PNX SG) via share buyback.
Read more »
SMC’s Ang takes a seat in Metro Pacific boardMetro Pacific Investments Corp., now a privately held infrastructure and tollways conglomerate, has added new members to its board of directors.
Read more »
Ang, Veloso get MPIC board seatsDefining the News
Read more »