Monetary Board - updates

Rappler's latest stories on Monetary Board


BSP Monetary Board member Valentin Araneta dies

Feb 22, 2018 - 7:35 PM

The Bangko Sentral ng Pilipinas will hold a necrological service in his honor on Friday, February 23, at its headquarters

BSP maintains interest rates, raises inflation forecast for 2018, 2019

Feb 08, 2018 - 8:35 PM

The Bangko Sentral ng Pilipinas sees inflation hitting 4.3% in 2018, and 3.5% in 2019

BSP leaves Philippine interest rates unchanged again

Sep 21, 2017 - 9:46 PM

The Bangko Sentral ng Pilipinas believes the prevailing monetary policy settings remain appropriate

STAY VIGILANT. 'While prospects for global economic growth have stayed broadly upbeat, geopolitical tensions and lingering uncertainty over macroeconomic policies in advanced economies continue to pose downside risks to external demand,' BSP Governor Nestor Espenilla Jr says. Photo by Inoue Jaena/Rappler

Favila, Abacan get seats in Bangko Sentral's Monetary Board

Jun 29, 2017 - 6:30 PM

Meanwhile former socioeconomic planning secretary Felipe Medalla retains his position as member of the board

COMPLETE. Medalla (left) retained, Favila (middle) and Abacan (right) named new members of the Monetary Board. Favila and Abacan photos from GT Capital

BSP maintains interest rates in Tetangco's final Monetary Board meeting

Jun 22, 2017 - 6:20 PM

While global economic conditions remain challenging outgoing BSP Governor Amando Tetangco Jr says prospects for domestic economic activity continue to be firm

RATES KEPT. BSP Governor Amando Tetangco Jr says the central bank is keeping the overnight borrowing rate at 3%. Screenshot from BSP YouTube page

BSP orders banks to protect customers from social media risks

Mar 16, 2017 - 5:55 PM

There is a growing threat on information security and fraud such as account take over malware attacks as well as phishing and spoofing schemes BSP says

RISKS ONLINE. BSP requires banks to adopt commensurate risk management mechanisms and governance structure to effectively identify, measure, manage and monitor risks arising from social media platforms. Rappler file photo

BSP leaves interest rates unchanged since October

Nov 12, 2015 - 11:55 PM

The Monetary Board says the risks to the inflation outlook are generally balanced El Niño will likely have impact on food prices and utility rates but it will be balanced by the possible slower than expected global economic activity

UNCHANGED. Prevailing monetary settings remain appropriately calibrated at this time, the central bank says of its decision to keep key monetary policy rates unchanged. Screen grab from the Bangko Sentral ng Pilipinas website

For the 8th time, key interest rates still unchanged

Sep 24, 2015 - 7:30 PM

The benign inflation outlook also provides ample room to keep monetary policy settings unchanged at this time

BSP likely to maintain interest rates - Standard Chartered

Sep 21, 2015 - 9:11 AM

The BSP is likely to gauge market reaction to the US Fed’s decision to keep interests rates before making a move

PH warns vs using exchange rate as trade tool

Aug 23, 2015 - 11:16 PM

We must be mindful of the trade offs involved in using the exchange rate as a trade tool to boost competitiveness Finance Secretary Cesar Purisima says

BSP maintains policy rates, lowers inflation forecast

Aug 13, 2015 - 6:16 PM

Given firm domestic demand the BSP apparently considers that the Philippine economy does not require additional stimulus from monetary policy

Monetary policy rates unchanged

May 14, 2015 - 9:29 PM

Inflation forecasts are also slightly raised due to El Niño impact expectation of a weaker peso and oil prices trending upwards

BSP amends UITF regulations, allows unit-paying feature

Apr 18, 2015 - 11:19 AM

The feature allows the Unit Investment Trust Fund to provide non guaranteed stream of income for the investing public

Policy rates remain unchanged

Mar 26, 2015 - 6:41 PM

The Bangko Sentral ng Pilipinas maintains the key policy rates anew in light of a benign inflation outlook and dismal export and remittances performances

BSP maintains key policy rates anew

Feb 12, 2015 - 6:24 PM

Moderate inflation pressures firm domestic activity and positive growth dynamics are keeping current policy settings ‘appropriate ’ the Monetary Board says

BSP amends rules on thrift banks’ FX forwards activities

Nov 26, 2014 - 3:46 PM

The Monetary Board also approves amendments to rules to explicitly recognize the authority of thrift rural and cooperative banks to buy and sell foreign exchange

Philippines hikes key interest rates, first since 2011

Jul 31, 2014 - 5:50 PM

The monetary board s decision is a pre emptive response to signs of inflation pressures and elevated inflation expectations a central bank statement says

BSP keeps rates steady, but hikes rate on special deposits

Jun 19, 2014 - 8:41 PM

The central bank also raises its inflation forecasts for this year and 2015

Rules on banking hours relaxed

Jun 03, 2014 - 8:07 PM

Customers should be well informed by their banks of their intent to adjust business hours BSP said

Room to keep BSP rates steady 'narrowed'

Mar 19, 2014 - 11:11 AM

We re moving into a higher interest rate environment globally the central bank chief says citing the uptick in inflation

BSP to local govts: Ask permission before borrowing

Sep 02, 2013 - 11:08 AM

All local loans of local government units must have prior approval of the Monetary Board before banks release them

PDIC to liquidate failed Exportbank

Apr 16, 2013 - 4:29 PM

The move comes after the state run insurer failed to get investors to rehabilitate the bank

FAILED BIDDING. The PDIC receives no bids for Exportbank. Photo from PDIC website.

Ongpin exits PBCom, sells stake to nephew

Jan 06, 2013 - 5:51 PM

Ongpin says the move is meant to protect PBCom from any untoward action by monetary officials whom he slammed publicly over their alleged bias toward him

BSP keeps record low interest rates

Dec 13, 2012 - 4:22 PM

The Bangko Sentral ng Pilipinas BSP has maintained at record low the overnight borrowing and lending rates at 3 5 and 5 5

Good time to borrow as BSP rates hit new lows

Oct 25, 2012 - 4:54 PM

The central bank cut its key interest rates for the 4th time this year bringing them to new record lows to protect the economy from global headwinds

PH stocks soar on rate cut expectations

Jan 18, 2012 - 9:27 PM

The PSE index rose to 4 677 62 another historic high as market players anticipate that the monetary board will cut policy rates the next day

BSP keeps rates unchanged

Sep 08, 2011 - 8:00 AM

On September 8 2011 The Bangko Sentral ng Pilipinas BSP announced that it would keep key interest rates unchanged amid lower than expected inflation in July and August

On September 8, 2011, The Bangko Sentral ng Pilipinas (BSP) announced that it would keep key interest rates unchanged amid lower than expected inflation in July and August.