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  • BSP chief says ‘a little bit less likely’ to cut rates

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    THE BANGKO SENTRAL ng Pilipinas (BSP) is now “a little bit less likely” to cut rates at its Aug. 15 meeting after inflation breached the 2-4% target band in July, its governor said. “A little bit less likely (to ease) because inflation is high. But we have to look at…

  • Recto says Philippines still on track to achieve ‘A’ credit rating

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    By Luisa Maria Jacinta C. Jocson, Reporter THE PHILIPPINES is still on track to meeting its goal of achieving an “A” rating status, Finance Secretary Ralph G. Recto said. This after Fitch Ratings affirmed the country’s long-term foreign currency issuer default rating at “BBB” and retained its “stable” outlook. “Yes,…