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May 5, 2014 - 12:00am
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The Bangko Sentral ng Pilipinas (BSP) delivered its biggest interest rate hike in more than three years yesterday, as worsening inflation pressures prompted a more aggressive monetary policy response. At its fifth policy meeting this year, the Monetary Board raised its benchmark rate by 50 basis points to 5.50 percent. The larger-than-expected increase marked the BSP’s fourth consecutive rate hike this year and its first 50-basis-point adjustment since February 2023.
1 day ago
The peso weakened past the 63.50-per-dollar level yesterday, setting another record low even after the Bangko Sentral ng Pilipinas (BSP) delivered a larger-than-usual interest rate hike before the foreign exchange market closed.
4 hours ago
The local stock market snapped its five-day climb following the Bangko Sentral ng Pilipinas (BSP)’s latest rate hike and the continued weakening of the peso against the dollar.
4 hours ago
New York-based GlobalSource Partners is advocating a larger 50-basis-point interest rate hike by the Bangko Sentral ng Pilipinas (BSP) today, warning that a smaller adjustment may not be enough to contain worsening inflation and prevent further damage to household spending and economic growth.
1 day ago
Philippine financial markets moved in opposite directions yesterday ahead of the Bangko Sentral ng Pilipinas (BSP)’s policy meeting, with local shares extending their winning streak on bargain hunting while the peso sank to a fresh record low against the dollar.
1 day ago
Lotto Oct 22, 2026
EZ2/LVM - 13 7
SUERTRES - 1 5 8
6D Lotto - 1 4 8 6 6 1
6/42 Lotto - 22 42 37 21 8 17
P12,220,586.00
6/49 Super Lotto - 3 16 11 35 4 30
P62,468,236.00
Forex
February 12, 2018
- 12:00 am
- 12:00 am
1$ : P51.66