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ABS CBN (Free subscription) | 05/09/2008
ReutersThe Bangko Sentral ng Pilipinas (BSP) said on Friday it was watching closely to see whether a moderation in the pace of consumer price rises would continue. "Flat food, beverage and tobacco prices as well as smaller increments in the prices of all other commodity groups are the main causes of the moderation," Governor Amando Tetangco said in a mobile phone text message to reporters....
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Positive News Media (Free subscription) | 04/09/2008
Policy rate increases seen to boost lending growth in RPMANILA, Sept. 4 (PNA) -– The Bangko Sentral ng Pilipinas (BSP) believes that its policy rate increases will further encourage lending and ensure its continued growth this year. BSP data shows that bank lending continue to register a positive growth with the June 2008 figure already at 24.2 percent from 15.4 percent last May. BSP Governor Amando...
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ABS CBN (Free subscription) | 03/09/2008
... will continue to be a main source of foreign exchange inflows," said central bank Governor Amando Tetangco, referring to cash sent home by Filipinos working abroad.Foreign reserves stood at a record $36.9 billion at the end of July while the balance of payments surplus was at $2.1 billion in the first seven months, more than halved from a year earlier."It's a surplus this year and...
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ABS CBN (Free subscription) | 01/09/2008
... 12.5 percent, higher than July's actual inflation rate of 12.2 percent. Bangko Sentral Governor Amando Tetangco said on Sunday that battling red-hot inflation remained the top priority for the monetary authority since a lack of price stability would dampen already slowing economic growth. The central bank has raised rates by one percentage point in a tightening cycle that began in...
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ABS CBN (Free subscription) | 01/09/2008
ReutersInflation remains the central bank's top priority and monetary policy needs to be appropriately tight to ensure the pace of inflation will ease to within government targets, the Bangko Sentral ng Pilipinas chief said on Sunday. Domestic demand is also expected to pick up and support economic growth once inflation stabilizes, Governor Amando Tetangco told reporters in an e-mail...
