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News and Events

BSP Raises Interest Rates Over High Inflation

Analysts say BSP might further raise rates before the end of the year

The Bangko Sentral ng Pilipinas (BSP) raised interest rates by 50 basis points on Thursday, August 9, bringing the reverse repurchase (RRP) facility to four percent.The BSP had earlier raised the benchmark overnight lending rate by 25 basis points in each of ...

by Paul John Caña  | August 09, 2018 06:00:00
News and Events

Why the Surge in Inflation Rate to a 39-Month High of 4% in January is Bad News for Your Savings

With interest yields below the inflation rate, your money could be worth less after you withdraw them from the bank

The Philippine headline inflation surged to a three-year high of four percent in January, up from the 3.3-percent growth last December. This is the highest since October 2014.“The uptrend was primarily due to the higher annual increment in the heavily-weighted food and ...

by Pauline Macaraeg  | February 08, 2018 10:00:00
News and Events

How Inflation is Eroding the Value of Your Savings

The surge in inflation rate to a 28-month high of 3.4% in March is bad news for investors

Philippine headline inflation in March hit 3.4 percent, according to the Philippine Statistics Authority, due to the faster pace of increases in prices of consumer goods. This is the highest in 28 months, picking up from the 3.1 percent recorded in February ...

by Pauline Macaraeg  | April 12, 2017 11:00:00