Despite the series of rate cuts it delivered last year, the Bangko Sentral ng Pilipinas (BSP) said monetary policy remains restrictive, leaving room for more easing this year.
In his first public appearance this year during an event hosted by the Rotary Club, BSP Governor Eli Remolona Jr. said the central bank is targeting a natural or "Goldilocks" rate in which the key interest rate is neither too high nor too low.
"But I can't tell you (the number) and it's a very imprecise number. But what I can tell you at this point is that we're still in restrictive territory compared to what we think the Goldilocks rate is. So there's still some room to ease," he said.
This story is from the January 10, 2025 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 10, 2025 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
BOI eyes release of new SIPP within H1
The Board of Investments (BOI) expects to release the Strategic Investment Priority Plan (SIPP) for 2025 to 2028, which will identify activities eligible for incentives, within the first half of the year.
ENZO PINEDA PROUD OF BEST ACTOR WIN AT 2025 EMIRATES FILMFEST
Kapamilya actor Enzo Pineda bagged the Best Actor award at the 11th edition of the Emirates Film Festival, held at the Emirates Training Academy in Dubai, United Arab Emirates, last Jan. 18.
Perpetual spikers favored in NCAA
The University of Perpetual Help System Dalta Altas men’s sand spikers and their female counterparts from Letran gun for grand slam championships in the NCAA Season 100 beach volleyball that unwraps on Tuesday at the Subic Bay Freeport Zone’s sand courts.
Bureaucratese
When accurate communication could prove ruinous, bureaucrats often resort to confusing euphemisms to smooth the harshness of truth. They call it “bureaucratic subliminal.”
Comelec holds mock polls in 30 barangays
To better prepare for the May 12 elections, the Commission on Elections (Comelec) will hold mock polls today in 30 barangays across the country.
Trade gap widens to $54.2 B in 2024
As imports pick up while exports continue to drop
A new epidemic
There is a new epidemic permeating the local basketball community.
Dialogue eyed with Boracay LGUs on ‘excessive fees, delays’
The Department of Tourism (DOT) and the Department of the Interior and Local Government (DILG) plan to meet with local government officials of Aklan province and the municipality of Malay, home to the famous Boracay island, to address complaints from tourism businesses regarding alleged “excessive fees” and delays experienced by some tourists.
PSA offers toast to MVP Group
One of the fervent supporters of Philippine sports won't be missed out in the San Miguel Corp.-Philippine Sportswriters Association (SMC-PSA) Awards Night at the Centennial Hall of the Manila Hotel on Monday.
Judge temporarily blocks Trump’s plan to end birthright citizenship
A federal judge Thursday temporarily blocked President Donald Trump's executive order to end automatic citizenship for babies born on US soil, dealing the president his first setback as he attempts to upend the nation's immigration laws and reverse decades of precedent.
