Not necessarily time to adjust rates in Philippines: BSP Governor
Not necessarily time to adjust rates in Philippines: BSP Governor
Jul 11, 2017
CNBC
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#ICYMI BSP Governor Eli M. Remolona, Jr. on Central Bank Central with Kathleen Hays One of the main goals of the Bangko Sentral ng Pilipinas (BSP) is to deepen the capital market. In part that means boost trading and liquidity of the country’s bonds, making borrowing cheaper, easier, and more transparent for the government, businesses, and consumers. One of the latest steps was the launch by the Bankers Association of the Philippines (BAP) of new local currency interest rate swaps -- Peso IRS --
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#BusinessWorldLive | Monetary Board member Felipe Medalla explains that there is still a need to raise rates "sooner or later" even without supply shocks, as he signals an interest-rate increase in June. Medalla, who is also the incoming BSP governor, earlier said the successive hikes will lift the benchmark rate to 2.75% from 2.25% now, a level seen reached by the end of the third quarter in the median of forecasts compiled by Bloomberg. Get updates via Viber: https://bit.ly/36uQLSo Join us on
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BSP Governor Benjamin E. Diokno encourages businesses, financial institutions and government agencies to use e-payment services such as Instapay and PESONet. E-payments allows institutions to overcome the physical limitations for transactions during quarantine, and help stop the spread of #COVID19. Be #SafeAtHome with E-Payments! List of financial institutions with InstaPay and PESONet services: http://www.bsp.gov.ph/payments/PESONet_P.pdf http://www.bsp.gov.ph/payments/Instapay_P.pdf Make sure
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