A pausing of rate hikes is “in the cards” for the Philippines amid global market developments, a member of the Bangko Sentral ng Pilipinas (BSP) Monetary Board said Saturday.
A PAUSING of rate hikes is “in the cards” for the Philippines amid global market developments, a member of the Bangko Sentral ng Pilipinas Monetary Board said Saturday.
The Monetary Board member noted that if the BSP is trying to match the US Federal Reserve, there’s a possibility of raising another 25 bps in BSP’s next meeting slated for May 18. “If all of a sudden food prices fell much greater by some miracle, then we might not need to. Again, as I said, it depends on the data,” Tolentino noted.
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.
‘PHL must reckon with nuclear issue’ | Cai U. OrdinarioINCHEON, South Korea—The Philippines believes it will still be able to benefit from the Asian Development Bank’s (ADB) transformation as the region’s climate bank, according to the Bangko Sentral ng Pilipinas (BSP). In an interview with the BusinessMirror, BSP Governor Felipe M. Medalla said the Philippines is committed to transition…
Read more »
Landbank-DBP merger needs law, not just EO, says lawmakerThe proposed merger of state-run banks Development Bank of the Philippines and the Landbank can only be done by congressional action, and not by mere executive order, Albay Rep. Edcel Lagman said in a statement. | jiandradeINQ /PDI
Read more »
Jollibee owners bet on online stock trading in Philippines | Bloomberg NewsThe Philippine billionaires behind Jollibee Foods Corp. and chicken BBQ chain Mang Inasal are betting that their next big thing could be in stock broking. The duo, Tony Tan Caktiong and Edgar Sia, invested in DragonFi Securities Inc. to develop an online trading system as they sought to tap the…
Read more »
It’s triple the fun to eat in the PhilippinesAs if the food scene is not abuzz enough, the rockstar chefs behind Hapag and Linamnam collaborate on a menu meant to push Philippine cuisine forward. ManilaBulletin
Read more »
HONNE is holding a Q&A night ahead of shows in the PhilippinesHONNE is holding a special pre-show Q&A Night at Ayala Malls Manila Bay on May 9 at 6 p.m.
Read more »