Monday, May 4, 2026
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Tag: Eli Remolona

PH hardest hit but can weather oil price shock— CB Governor

The Philippines is one of the countries hardest hit by the oil price shock caused by the war in Iran, but the country can...

ASEAN finance ministers pledge unity to shield region from global shocks

Southeast Asian finance ministers and central bank governors reaffirmed the region’s economic resilience on April 10 during a period of heightened global shocks and...

BSP rate cuts fail to spark decisive growth amid consumers’ caution

Cumulative policy rate cuts by the Bangko Sentral ng Pilipinas (BSP) have failed to trigger a decisive economic rebound as private consumption remains weak...

BSP to prevent sharp peso drop vs. dollar

Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said Friday that any move to defend the local currency would depend on how the...

BSP chief ‘on the fence’ about further rate cuts

Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said Friday he is “pretty much on the fence” or undecided on the need for...

AMLC checks names of flood control contractors

The Anti-Money Laundering Council (AMLC) is checking the names of flood control contractors linked to anomalous projects, its chairman said in a television interview. Bangko...

BSP portrait

Former Bangko Sentral ng Pilipinas (BSP) Governor Benjaim Diokno (left) and incumbent Governor Eli Remolona unveil the official portrait of Diokno at the BSP...

BSP plans to cut reserve requirement ratios

The Bangko Sentral ng Pilipinas (BSP) may further reduce banks’ reserve requirement ratios (RRR) this year, Governor Eli Remolona Jr. said Wednesday. “We’ve lowered our...

Marawi bombing may affect PH exit from FATF gray list

Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona said the recent Marawi bombing in Mindanao may cause a bit of concern for the Philippines’...

BSP expects faster inflation in September

The Bangko Sentral ng Pilipinas said Friday inflation in September likely picked up to as high as 6.1 percent from 5.3 percent in August...

Banks achieve record profits, loans, deposits

The Philippine banking industry helped the economy recover from a 9.6-percent contraction in 2020, the country’s worst performance since the end of World War...

Nagging inflation forces BSP to hike interest rate by 425 bps

Elevated inflation forced central banks around the world to raise interest rates this year to dampen demand, and in the Philippines, economists are linking...

BSP: Low end of 2023 growth target attainable

Bangko Sentral ng Pilipinas Governor Eli Remolona said the low end of the government’s 2023 growth target range of 6 percent to 7 percent...

BSP keeps 3% credit card interest ceiling

The Monetary Board of the Bangko Sentral ng Pilipinas said Tuesday it retained the existing ceilings on credit card charges so that consumers would...
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