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BSP raises reserve requirements for banks

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INQUIRER FILE PHOTO

The Bangko Sentral ng Pilipinas (BSP) on Thursday asked banks to set aside more deposits as reserves to restrict lending to business and households in line with market expectations.

Posted: May 8th, 2014 in Latest Business Stories | Read More »

Bangko Sentral readies new bank lending rules

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Borrowing costs are set to head north with the Bangko Sentral ng Pilipinas seen further tightening policy settings this week amid efforts to stabilize consumer prices. INQUIRER.net file photo

The Bangko Sentral ng Pilipinas will release new guidelines on credit-risk management, aiming to boost the accessibility of bank loans to small but viable businesses.

Posted: April 25th, 2014 in Editor's Pick,Headlines | Read More »

Hawkish BSP hints at rate hike

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BSP Governor Amando M. Tetangco Jr.: Room to keep rates low is ‘narrower’. INQUIRER FILE PHOTO

The central bank has hinted at a hike in benchmark interest rates following the US Federal Reserve’s decision to further reduce its monetary stimulus for the world’s largest economy.

Posted: March 21st, 2014 in Editor's Pick,Headlines | Read More »

Wary of liquidity rise, BSP may still keep key rates

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Changes in monetary settings at next week’s policy meeting are unlikely, but monetary officials have admitted that they are now concerned with the excess cash circulating in the economy, which may stoke inflation pressures.

Posted: March 19th, 2014 in Headlines | Read More »

BSP rediscount loans down

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The central bank’s rediscounting facility has been all but ignored by the country’s banks since the start of the year amid the availability of cheap cash that’s more than enough to fuel the country’s booming economy.

Posted: March 11th, 2014 in Headlines | Read More »

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