The Bangko Sentral ng Pilipinas (BSP) kept its key policy rates untouched for the sixth straight meeting, but risks to inflation have now shifted to the downside, providing the central bank room to "more likely" ease in August.
In a press conference, BSP Governor Eli Remolona Jr. said the Monetary Board decided to keep the target reverse repurchase rate at 6.5 percent, the overnight deposit rate at six percent and the overnight lending rate at seven percent.
The country's benchmark policy rates remain the highest in over 17 years, after the BSP kicked off its aggressive ratehiking campaign from May 2022 to October 2023.
Bu hikaye The Philippine Star dergisinin June 28, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Philippine Star dergisinin June 28, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Holcim, McDonald's partner for sustainability
Cement maker Holcim Philippines Inc. has teamed up with McDonald’s Philippines to support the quick service restaurant’s sustainability practices.
Mitsubishi revs up new compact SUV
Customers can now make a reservation for Mitsubishi XForce as Mitsubishi Motors Philippines Corp. (MMPC) has opened the prebooking at its dealerships ahead of the vehicle’s launch this Friday.
![DBP, Ormoc City partner for housing project](https://reseuro.magzter.com/100x125/articles/21915/1751389/QbAr1Kr-D1719871659080/DBP-ORMOC-CITY-PARTNER-FOR-HOUSING-PROJECT.jpg)
DBP, Ormoc City partner for housing project
State-owned Development Bank of the Philippines (DBP) has approved a P300-million loan to finance the City Government of Ormoc’s site and land development in support of the flagship national shelter program of President Marcos, a top official said.
DALI still in red, but sees rosy prospects in Phl
DALI still in red, but sees rosy prospects in Phl Retailer DALI Everyday Grocery remains in the red three years after opening its first store in the country.
Sugar producers want consultations on import plan
The Confederation of Sugar Producers Association (CONFED) urged Agriculture Secretary Francisco Tiu Laurel Jr. to conduct consultations with planters regarding the proposed importation of 200,000 metric tons (MT) of refined sugar by September.
Agri group wants gov't to impose safeguard duties on rice
The Philippine Chamber of Agriculture and Food Inc. (PCAFI) has urged President Marcos to impose special safeguards on rice imports to protect local farmers from the ill effects of potential import surges following the reduction of tariffs to 15 percent.
Global bond sale boosts state borrowings in May
The government accumulated P259 billion in borrowings in May due to the issuance of global bonds in its first foray in the international debt market this year.
ROW for Cavitex links on road to completion
Metro Pacific Tollways Corp. (MPTC) has expressed confidence it would complete expansion works for the ManilaCavite Expressway (CAVITEX) on time as it gained headway in the acquisition of right of way (ROW).
No onion crisis; stocks enough until next year
Filipinos won’t be shredding tears over onion prices as the commodity is expected to remain affordable throughout the year since the country’s stocks of the vegetable are projected to last until early next year.
PLDT taps Nokia for business 5G
Telco leader PLDT Inc. has signed the services of Nokia in providing 5G network to businesses, recognizing the evolving demands for connectivity of the corporate sector.