Interest Rates

KEY INTEREST RATES were hiked by the Monetary Board yesterday in a “preemptive” move aimed at anchoring persistently elevated inflation expectations.

MANILA, Philippines – As business confidence in the Philippines reached a record last quarter, Japanese investment bank Nomura said this could be a precedent to a surge of fixed-term investments as investors, worried of high stock valuations, seek new places to park their money.

MANILA, Philippines – The country’s treasury chief said the looming end of low interest rates abroad could jumpstart slightly higher borrowing costs for the government, resulting in an end to below one-percent yields in Treasury bill auctions.

Last week, the Monetary Board—the country’s policy-making body on money, banking and credit—changed the legal rate of interest for loan and credit agreements.

MANILA, Philippines – Policy rates were kept steady on Thursday by the Bangko Sentral ng Pilipinas (BSP) which said the economy remains in good footing despite the recent slump in the financial markets that highlighted funds leaving emerging markets.

Monetary officials still see no immediate inflation threat The Bangko Sentral ng Pilipinas on Thursday slashed the interest rate on special deposit accounts to help curb the appreciation of the peso.

Real-interest rates across the region are falling, and this development is seen to spur countries in Southeast Asia, the Philippines included, to boost spending on assets and infrastructure, a globally recognized accounting body based in London said.

Manila, Philippines – The Bangko Sentral ng Pilipinas (BSP) cut interest rates by 25 basis points to a new low yesterday, taking advantage of benign inflation to protect domestic growth amid worries over the worsening euro zone debt crisis and slowing global economic activity.

Ten million Filipinos labor overseas, often in horrendous conditions, to earn a few dollars. Even more Filipinos, almost 20 million families, labor each day in various conditions of difficulties to eke out a living to pay for food, water, electricity and other basics. Over and above all that, they also pay for one thing that…

MANILA, Philippines – Banks and other lending institutions are no longer allowed to offer flat interest rates on loans as the Bangko Sentral ng Pilipinas (BSP) implements circulars updating rules of a 1963 law that enforces transparency in credit lending.

The Bangko Sentral on Thursday cut the borrowing and lending rates by 25 basis points for the second time this year in a bid to boost the domestic economy amid prospects of an anemic global growth.

The Monetary Board (MB) has decided yesterday to reduce the Bangko Sentral ng Pilipinas (BSP)’s key policy interest rates by 25 basis points to 4.25 percent for the overnight borrowing or reverse repurchase (RRP) facility and 6.25 percent for the overnight lending or repurchase (RP) facility, effective immediately.

MANILA, Philippines – Treasury bill (T-bill) rates rose yesterday, exceeding expectations and prompting the auction panel to reject all bids for the 364-day bills.

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) left its key policy rate unchanged at 4.5 percent yesterday, as widely expected, after data this week showed economic growth unexpectedly slowed in the third quarter.

MANILA, Philippines – Bank’s real lending rate eased to two percent in the third quarter of the year from 2.5 percent in the second quarter due to the reduction in the average nominal lending rate while inflation remained steady, the Bangko Sentral ng Pilipinas (BSP) reported over the weekend.

MANILA, Philippines – The government sold P9 billion worth of Treasury bills yesterday as the bids received by the Bureau of the Treasury (BTR) exceeded the programmed debt sale for all three tenors.

MANILA, Philippines – Treasury bill (T-bill) rates tumbled to historic lows across the board yesterday as jittery investors gobbled up risk-free government debt papers amid fears of another global recession.

MANILA, Philippines – Real lending rate in the Philippines climbed to 2.5 percent in the second quarter of the year from 2.1 percent in the first quarter due to the continued growth of the average nominal bank lending and inflation rates, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.

MANILA, Philippines – Yields on Treasury bills (T-bills) tumbled during yesterday’s auction as market investors sought safer facilities to park their funds on the back of jitters brought about by the downgrade in the US credit rating.

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) kept yesterday its key interest rates unchanged for the second straight policy rate setting meeting but decided to raise anew the reserve requirement on deposits and deposit substitute of banks and non-banks with quasi-banking functions in what it called as a forward looking move to better…

MANILA, Philippines – The yield for the bellwether 91-day Treasury bills (T-bills) declined 37.9 basis points to 2.501 percent from the previous rate of 2.880 percent, the Bureau of the Treasury reported yesterday. The government sold P9 billion worth of T-bills on the back of strong demand for the debt papers.

MANILA, Philippines – The Bureau of Treasury (BTr) yesterday capped the increase in the yields of Treasury bills (T-bills) after the government announced that the country’s economic expansion slowed down in the first quarter of the year.

MANILA, Philippines – The yield for the benchmark 91-day Treasury bill (T-bill) went up to 1.889 percent during yesterday’s auction as the government made a partial award of P1.4 billion out of total bids worth P2.980 billion.

Bangko Sentral ng Pilipinas (BSP) yesterday raised interest rates by 25 basis points to control inflation expectations and contain second round effects after inflation rose to a one-year high of 4.5 percent in April because of surging oil prices.

MANILA, Philippines – The Bureau of the Treasury (BTr) sold P9.6 billion worth of 91, 182 and 364-day Treasury bills (T-bills) in an auction yesterday at a lower cost for the short-term debt.

MANILA, Philippines – Treasury bill (T-bill) rates declined to new record lows on the back of the huge improvement in the country’s fiscal position as well as strong liquidity in the financial system. This prompted the Bureau of Treasury to open a tap facility to sell an extra P9 billion worth of debt papers after…

MANILA, Philippines – Treasury bill (T-bill) rates declined across the board yesterday as investors scrambled for government debt papers.

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) raised yesterday its key policy rates by 25 basis points after keeping them at record lows for 20 months to rein in inflation expectations amid escalating global oil and food prices due to tensions in the Middle East and North African (MENA) states as well as…

MANILA, Philippines – The Development Bank of Singapore (DBS) expects the Bangko Sentral ng Pilipinas (BSP) to cut its overnight borrowing rate by another 50 basis points (bps) today due to easing inflation in the country.

MANILA, Philippines –  Monetary authorities said there was no urgency to adjust key policy rates due to the benign inflation outlook amid the surge in capital inflows into emerging markets including the Philippines.