Monday, May 29, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business Money

ING Bank sees Bangko Sentral resuming interest reduction in 2020

Julito G. RadabyJulito G. Rada
November 27, 2019, 7:40 pm
in Money
Reading Time: 2 mins read
A A
Share on FacebookShare on TwitterShare on Email

ING Bank Manila said Wednesday it expects the Bangko Sentral ng Pilipinas to resume policy easing by early 2020 if inflation rate remains close to the midpoint of the target range of 2 percent to 4 percent.

ING Bank Manila senior economist Nicholas Mapa said in a report BSP Governor Benjamin Diokno remained open to easing monetary policy further despite his previous announcement that “monetary policy is appropriate” as of the moment.

“What is clear is that Diokno is watching inflation as he says that the BSP will be ‘more confident to do something’ if the projected uptick in inflation does not materialize,” Mapa said.

“If the expected rebound in headline inflation remains close to 3 percent in 2020, we can expect the BSP to be open to cutting policy rates further in early 2020 as the Philippines chases a higher growth target of 6.5 to 7.5 percent,” Mapa said.

Diokno earlier said his decisions would remain data dependent and not date dependent, with all eyes on next week’s November inflation print.

“Inflation is set to bounce in November after touching what will likely be the bottom [0.8 percent in October] for 2019 as base effects wash out quickly,” Mapa said.

Diokno told reporters at the sidelines of an event in Pasay City on Monday there was a possibility that monetary authorities would do one final cut in policy interest rates this year. He said, however, that monetary authorities would continue to be data dependent.

“That [interest rate cut] is possible… The BSP will always be data dependent, so we will evaluate,” he said.

Diokno said amid the ongoing reforms, it would be appropriate to do “gradual” rate cuts, “so you can monitor the developments”. 

“That is the suggested move because any drastic move could be disruptive to the system,” he said.

Global debt watcher S&P Global Ratings said in a report that following policy rate cuts by 75 basis points so far in 2019, “we expect another 25 bps rate cut later this year [which] should bring the overnight reverse repurchase rate to 3.75 percent.”

“We anticipate a total rate cut of 75 bps in 2020. This would reverse the interest rate hikes during 2018 when capital outflow and inflationary pressures led the central bank to raise policy rates by 175 bps,” it said.

Inflation in October further dipped to a 42-month low of 0.8 percent from 0.9 percent in September, tempered by base effects and slower increases in the prices of food and oil.

This brought the average inflation in the first 10 months to 2.6 percent, below the midpoint of the target range of 2 percent to 4 percent this year.

Tags: Bangko Sentral ng PilipinasBSPING Bankinterest reduction
ADVERTISEMENT
Julito G. Rada

Julito G. Rada

Related Posts

CTRP hiked tax collection by over P200b last year

byJulito G. Rada
May 28, 2023, 7:10 pm
0
8
New DOT secretary promotes inclusive and sustainable tourism

The government collected P202.8 billion in additional revenues in 2022 with the implementation of the Comprehensive Tax Reform Program, Finance...

Read more

Diokno: PH is ideal investment destination for European firms

byJulito G. Rada
May 26, 2023, 9:00 pm
0
8
Traditional sweet factory in central England enjoys global sugar rush

Finance Secretary Benjamin Diokno told European businessmen the Philippines is an ideal investment destination following the structural reforms implemented in...

Read more

DBP says net income jumped 17% to P1.23b in first quarter, vows to sustain growth trajectory

byManila Standard Business
May 26, 2023, 8:50 pm
0
8

State-owned Development Bank of the Philippines’ net income jumped 17 percent to P1.23 billion in the first three months from...

Read more

PH secures $130-m loan from JICA for MRT 3 rehab

byManila Standard Business
May 26, 2023, 8:45 pm
0
8
New DOT secretary promotes inclusive and sustainable tourism

Finance Secretary Benjamin Diokno signed on Friday the Metro Rail Transit Line 3 Rehabilitation Project loan agreement with Japan International...

Read more

Investment ‘scammers’ face life imprisonment

byJenniffer B. Austria
May 26, 2023, 8:35 pm
0
8
Investment ‘scammers’ face life imprisonment

The Securities and Exchange Commission said Friday it secured the conviction of investment scheme suspects involved in Tagum City-based Rigen...

Read more

April hot money posted $352-m net outflows

byJulito G. Rada
May 25, 2023, 7:35 pm
0
8
BSP readies big interest rate hike this month

Foreign portfolio investments or hot money posted net outflows of $352 million in April, a reversal from the $1.4-billion net...

Read more

Print Edition

View More

Recent Posts

  • In Less Than 2 Years This Beauty Brand Is Making A Statement In The Beauty Industry 
  • Cebuana Lhuillier expands its affordable healthcare insurance with the launch of HealthMax
  • Miss Universe PH 2023 Michelle Marquez Dee comes out as bisexual
  • Four dead after boat overturns on Italy’s Lake Maggiore
  • No glory for bullies: South Korea’s school violence epidemic
  • China to send first civilian into space on Tuesday
  • Erdogan: Turkey’s undisputed titan enters third decade of rule
  • Empowering Employees and Clients with Tech, and Learning Culture to Drive Growth in a Volatile Biz Landscape

Advertisement

Latest News

China to send first civilian into space on Tuesday

byAFP
May 29, 2023, 1:00 pm
0
8
Southwoods nails Seniors’ Fil golf crown

Jiuquan, China - China will send its first civilian astronaut into space as part of a crewed mission to the Tiangong space...

Read more

Erdogan: Turkey’s undisputed titan enters third decade of rule

byAFP
May 29, 2023, 12:00 pm
0
8
Erdogan says Saudi Arabia wants armed Turkish drones

By Imran Marashli Istanbul, Turkey - Recep Tayyip Erdogan has cemented his status as the most important figure in modern Turkish...

Read more

Empowering Employees and Clients with Tech, and Learning Culture to Drive Growth in a Volatile Biz Landscape

byThe Standard
May 29, 2023, 11:12 am
0
8
Empowering Employees and Clients with Tech, and Learning Culture to Drive Growth in a Volatile Biz Landscape

As the world becomes more unpredictable, businesses and technologies have emerged as key players in creating stability and driving growth....

Read more

Gunfire adds to violations near end of breached Sudan truce

byAFP
May 29, 2023, 11:00 am
0
8
Taliban govt resumes issuing Afghan passports in Kabul

Khartoum, Sudan - Gunfire rang out Sunday in the Sudanese capital, adding to truce violations which United States and Saudi mediators...

Read more

Stakeholders press for urgency of EV industry incentives as local assembly of e-motorcycles starts June 2023

byThe Standard
May 29, 2023, 10:56 am
0
8
Stakeholders press for urgency of EV industry incentives as local assembly of e-motorcycles starts June 2023

Stakeholders of the electric vehicle (EV) industry are pushing anew for the grant of more incentives from the government as...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App