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News and Events

BSP Just Raised its Policy Rate. Will It Also Increase the Cost of Your Credit Card Loans?

The central bank's efforts to fight rising inflation also mean higher bank lending rates

The Bangko Sentral ng Pilipinas (BSP) raised its policy rates anew by 50 basis points, bringing the overnight reverse repurchase (RRP) rates, the cost at which it borrows from banks for a day, to 4.5 percent starting September 28, Friday. This comes ...

by Pauline Macaraeg  | September 27, 2018 06:00:00
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
News and Events

Kick start your day, May 13: Duterte’s 8-point economic plan revealed

Plus, Monetary Board keeps interest rates steady and S&P warns PH on higher loans.

Duterte’s economic visionPresumptive President-elect Rodrigo Duterte’s transition team member Carlos Dominguez bared the incoming administration’s economic plan in a televised press conference on May 12, Thursday.“We will continue and maintain the country’s macroeconomic policy,” Dominguez said.The former cabinet member of Presidents Corazon ...

by Entrepreneur Staff  | May 13, 2016 08:00:00
Startup Tips

What to watch out for in a loan contract

How to read and understand the fine print before you sign on the dotted line of a loan contract.

So you just got a big raise and are in the big league now, and to validate your new status, you want to buy a new house or start a new business and hope to become one of the successful Filipino entrepreneurs.First ...

May 15, 2012 06:00:00