Latest headlines mentioning “BSP” · This Week
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) acknowledged that the country was grappling with a difficult mix of high inflation and sluggish economic growth, while stressing that its future policy decisions would remain guided by incoming data. In a statement on Wednesday evening, the central bank said it remained committed to fulfilling its mandate
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has decided to keep the current cap on finance charges that credit card issuers can collect from borrowers, but raised the fees for installment loans and cash advances. In a statement, the BSP said the move was meant to protect consumers while providing credit card issuers more
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has maintained the 3-percent monthly cap on credit card finance charges while allowing banks to impose higher fees on installment loans and cash advances. Under BSP Circular No. 1242, issued on November 10, the Bangko Sentral ng Pilipinas raised the monthly add-on rate ceiling for credit card
The Bangko Sentral ng Pilipinas (BSP) on Thursday announced it has retained the 3% interest rate per month ceiling on credit card transactions as part of efforts to provide relief to Filipino borrowers.
The Bangko Sentral ng Pilipinas is focusing on the “second-round effects” of global supply shocks and the risk of eroding public trust as the country faces “a difficult combination” of rising inflation and sluggish growth.
MANILA, Philippines — A jumbo rate hike may still be on the table for the Bangko Sentral ng Pilipinas (BSP) despite the sluggish economic growth in the third quarter, with the primary goal of cooling off hot inflation that has been squeezing household budgets. In a commentary, economists at Nomura Global Markets Research said they still
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is expected to raise interest rates further to tame stubbornly high inflation despite the weak economic growth seen in the third quarter, analysts said, as policymakers prioritize their mandate of keeping price stability. In a note, Bank of America (BofA) said economic growth may have bottomed out
