FOREX TradingCharts.com

Financial News: Philippine Central Bank To Provide Extra Lifeline To

Philippine Central Bank To Provide Extra Lifeline To Government

03/23/2020 - 08:53:00 (RTTNews)

(RTTNews) - The Philippine central bank approved the purchase of PHP 300 billion government securities to provide extra lifeline to the national government.

The Monetary Board authorized the Bangko Sentral ng Pilipinas, or BSP, to purchase government securities from the Bureau of Treasury. The central bank will buy securities with a maximum repayment period of six months.

The fund raised through the agreement will be used to support the National Government's programs to counter the impact of coronavirus disease 2019.

"This arrangement is the most cost-effective way for us to provide an extra lifeline to the national government to support the programs to fight this pandemic," National Treasurer Rosalia de Leon, said.

BSP Governor Benjamin Diokno said, "We continue to support the government's initiatives and objectives during the enhanced community quarantine (ECQ)."

This additional amount is intended to provide support for those most affected by the ECQ, especially in Luzon, for the next 60-90 days, Diokno said.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Moody's Affirms New Zealand's Credit Ratings (26 min(s), 56 sec(s) ago)
(RTTNews) - Moody's Investors Service on Thursday affirmed the sovereign ratings of New Zealan ...Full Story»

Eurozone Producer Prices Fall Further (01 hr(s), 01 min(s), 56 sec(s) ago)
(RTTNews) - Eurozone producer prices declined at a faster pace in February, data from Eurostat sho ...Full Story»

Spain Unemployment Surges In March (01 hr(s), 32 min(s), 56 sec(s) ago)
(RTTNews) - Spain's unemployment increased sharply in March due to the lockdown announced afte ...Full Story»

UK House Price Growth Fastest Since Early 2018: Nationwide (02 hr(s), 51 min(s), 56 sec(s) ago)
(RTTNews) - UK house prices grew at the fastest pace in more than two years in March before the co ...Full Story»

Swiss Consumer Prices Fall For Second Month (03 hr(s), 17 min(s), 56 sec(s) ago)
(RTTNews) - Switzerland's consumer prices declined for the second month in a row in March, the ...Full Story»

Romania Producer Price Inflation At 4-month Low (03 hr(s), 28 min(s), 56 sec(s) ago)
(RTTNews) - Romania's producer price inflation lowest in four months in February, figures from ...Full Story»

UK House Price Growth Accelerates In March (04 hr(s), 05 min(s), 56 sec(s) ago)
(RTTNews) - UK house prices increased at the fastest pace since January 2018, data from the Nation ...Full Story»

India Manufacturing Growth Weakest In Four Months (04 hr(s), 11 min(s), 56 sec(s) ago)
(RTTNews) - India's manufacturing sector growth slowed in March due to a softer rise in output ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Moody's Affirms New Zealand's Credit Ratings

04/02/2020 - 05:56 AM (RTTNews)
(RTTNews) - Moody's Investors Service on Thursday affirmed the sovereign ratings of New Zealan ...Full Story>>

Eurozone Producer Prices Fall Further

04/02/2020 - 05:21 AM (RTTNews)
(RTTNews) - Eurozone producer prices declined at a faster pace in February, data from Eurostat sho ...Full Story>>

Spain Unemployment Surges In March

04/02/2020 - 04:50 AM (RTTNews)
(RTTNews) - Spain's unemployment increased sharply in March due to the lockdown announced afte ...Full Story>>

UK House Price Growth Fastest Since Early 2018: Nationwide

04/02/2020 - 03:31 AM (RTTNews)
(RTTNews) - UK house prices grew at the fastest pace in more than two years in March before the co ...Full Story>>

Swiss Consumer Prices Fall For Second Month

04/02/2020 - 03:05 AM (RTTNews)
(RTTNews) - Switzerland's consumer prices declined for the second month in a row in March, the ...Full Story>>
Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.