AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Bangko Sentral keeps rates unchanged.
(From Philippine Daily Inquirer)
Byline: Clarissa S. Batino
THE BANGKO Sentral ng Pilipinas kept its overnight interest rates steady yesterday, saying volatility in the peso after a failed mutiny by 300 renegade troops was "regional, seasonal and temporary."
BSP Governor Rafael Buenaventura told reporters the central bank did not intervene in the foreign exchange market yesterday. He also said the BSP saw average inflation in 2003 coming in below 4 percent.
The BSP's Monetary Board trimmed its policy rates by a quarter percentage point earlier this month to the lowest levels in more than 11 years after an identical cut by the US Federal Reserve last month.
The peso yesterday closed at 54.72 to $1 from 54.70 on Wednesday.
Buenaventura said "a depreciating peso is not a reason for interest rates to go up" especially since to him, the blip in the local currency's movement was not related to interest rates.
- Bangko Sentral puts out new rules on terms for time deposits.
- News wire article from: Asia Africa Intelligence Wire November 23, 2004 700+ words
...Cecilia C. Gonzales The Bangko Sentral ng Pilipinas (BSP) has...approved by the policy-making Monetary Board, Bangko Sentral scrapped the 30-day minimum...time deposits. Previously, Bangko Sentral did not allow banks to accept...
- Bangko Sentral sees no need to raise key rates (Amid falling peso,.
- News wire article from: Asia Africa Intelligence Wire February 20, 2004 700+ words
...Anne M. Rubio Bangko Sentral Gov. Rafael B...meeting of the Monetary Board, the Bangko Sentral chief said the...meeting, the Monetary Board kept rates steady...consistent with Bangko Sentral's primary objective...
- Bangko Sentral allows HSBC to relocate branches.
- Magazine article from: BusinessWorld (Philippines) November 29, 2000 700+ words
The Bangko Sentral will allow United Kingdom...within Metro Manila subject to Monetary Board approval," Bangko Sentral Gov. Rafael B. Buenaventura...under the existing rules, the Bangko Sentral gives acquiring banks the option...
- Bangko Sentral keeps rates unchanged.
- Newspaper article from: Philippine Daily Inquirer October 7, 2008 700+ words
THE BANGKO SENTRAL NG PILIPINAS yesterday kept...after the policy-making Monetary Board meeting yesterday, Bangko Sentral Governor Amando Tetangco Jr...4.5 percent by 2010, Bangko Sentral Deputy Governor Diwa Guinigundo...
- Bangko Sentral rules out new rate cuts.
- News wire article from: Asia Africa Intelligence Wire November 4, 2002 700+ words
...prompted the policy-making Monetary Board of the Bangko Sentral ng Pilipinas to rule out...adjustments at this point. The Monetary Board kept overnight borrowing...and lending rates, the Monetary Board also effectively increases...
- Bangko Sentral cuts rates to 10-yr low.
- Newspaper article from: Philippine Daily Inquirer March 15, 2002 700+ words
...Byline: Clarissa S. Batino THE POLICY-MAKING Monetary Board of the Bangko Sentral ng Pilipinas yesterday reduced its policy rates...percentage point to its lowest level in 10 years. Bangko Sentral Governor Rafael Buenaventura, pleased with...
- Bangko Sentral keeps overnight interest rates unchanged.
- News wire article from: Asia Africa Intelligence Wire November 21, 2003 700+ words
...EXPECTED, the policy-making Monetary Board of the Bangko Sentral ng Pilipinas kept its overnight...need for caution. "The Monetary Board was of the view that the...why the policy-making Monetary Board has not reduced its policy...
- Bangko Sentral relaxes rules on tier-2 capital.
- News wire article from: Asia Africa Intelligence Wire August 6, 2004 700+ words
...Daily Inquirer) Byline: Doris C. Dumlao THE MONETARY Board of the Bangko Sentral ng Pilipinas has relaxed the rules on the issuance...supervision and examination Alberto Reyes said the Monetary Board had scrapped a rule that allowed only banks...
- Bangko Sentral vows to cut rates further.
- Newspaper article from: Philippine Daily Inquirer January 4, 2002 700+ words
Byline: Clarissa S. Batino THE POLICY-MAKING Monetary Board of the Bangko Sentral ng Pilipinas yesterday kept its policy rates and reserve requirement unchanged even as it vowed to ease rates further by as much...
- Bangko Sentral keeps key rates unchanged.
- News wire article from: Asia Africa Intelligence Wire July 30, 2004 700+ words
(From Philippine Daily Inquirer) THE MONETARY Board of the Bangko Sentral ng Pilipinas kept key overnight rates steady during its monthly policy-setting meeting yesterday even as it warned of snowballing...