Monetary Board maintains key interest rates amid inflation concerns, tight financial conditions
At its meeting held earlier this week, the Philippine Monetary Board decided to maintain the Bangko Sentral ng Pilipinas (BSP)’s…
BDO launches new online app to give customers an upgraded and better banking experience
When it’s time to choose a bank, you will have loads of options and offers to consider. But making a…
Monetary Board exec says a halt on the PH rate hike is “in the cards”
According to a member of the Monetary Board (MB), a pause in rate increases is now “in the cards” for…
BDO reports rising net profits, but skyrocketing costs as well, in Q1 of 2023
BDO Unibank, Inc. kept benefiting from the local economy’s reopening as credit expansion managed to maintain growth in the first…
BSP proposes putting a 3% interest rate cap for finance charges on credit card balances
Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla announced recently that the Monetary Board has seriously considered a proposal…
BSP vows to bring inflation back within target as Monetary Board raises policy rate by 75 basis points
Effective today, November 18, the Monetary Board said that the interest rate on the overnight reverse repurchase facility of the…
Raising bank lending rates now will affect borrowers, but it’s better than later says BSP
The Bangko Sentral ng Pilipinas (BSP) has recently raised its benchmark policy rate, and borrowers of money from banks —…