The Philippine central bank unexpectedly lowered its benchmark interest rate by 50 basis points to 2.75 percent on 16th April 2020, ahead of a 21st May policy meeting, as policymakers tried to support the economy battling with the COVID-19 outbreak. The bank said that the reduction will be the latest rate adjustment for this year. Interest Rate in Philippines averaged 7.75 percent from 1985 until 2020, reaching an all time high of 31 percent in January of 1985 and a record low of 2.75 percent in April of 2020. In Philippines, interest rate decisions are taken by The Monetary Board of The Bangko Sentral ng Pilipinas (BSP). The official interest rate is the reverse repo rate (RR/P) which is the overnight borrowing rate. The central bank of the Republic of the Philippines is committed to promote and maintain price stability and provide proactive leadership in bringing about a strong financial system conducive to a balanced and sustainable growth of the economy. This page provides the latest reported value for - Philippines Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The benchmark interest rate in Sao Tome and Principe was last recorded at 9 percent. Interest Rate in Sao Tome and Principe averaged 15.49 percent from 1998 until 2020, reaching an all time high of 29.50 percent in December of 1998 and a record low of 9 percent in June of 2017. In Sao Tome and Principe, interest rates decisions are taken by the Monetary Committee of the Bank of Sao Tome and Principe. The official rate is the reference rate. This page provides the latest reported value for - Sao Tome and Principe Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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Gideon Rachman discusses the fraught process of selecting a new leadership team in Europe and the impact these choices will have on integration, Eastern Europe and the Brexit negotiations, with Jim Brunsden and Ben Hall

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Patrick Jenkins and guests discuss the outlook for the UK mortgage market, the reform of India's state-owned banks and leadership changes at UBS. With special guest Darren Cook, Mortgage Analytics Manager at Moneyfacts.

Contributors: Patrick Jenkins, financial editor, Nicholas Megaw, retail banking correspondent, Benjamin Parkin, Mumbai correspondent, Alice Ross, wealth correspondent, and Stephen Morris, European banking correspondent. Producer: Fiona Symon

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Patrick Jenkins and guests discuss the latest restructuring plans at HSBC and UBS, and the embarrassing mishandling of wills at Lloyds Bank. With special guest Eric Moore, fund manager at the UK's Miton Income Fund.

Contributors: Patrick Jenkins, financial editor, David Crow, banking editor, Stephen Morris, European banking correspondent, and Nicholas Megaw, retail banking correspondent.

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Patrick Jenkins and guests discuss push-payment fraud in the UK and who should compensate the victims, why Deutsche Bank is coming under pressure from investors to appoint a new investment banking chief, and why JPMorgan Chase in the US has been selling off loans from its balance sheet. With special guests: Stephen Jones, chief executive of the banking association UK Finance and Rushanara Ali, Labour MP and member of the UK Treasury Select Committee.

Contributors: Patrick Jenkins, financial editor, Caroline Binham, financial regulation correspondent, Stephen Morris, European banking correspondent, and Robert Armstrong, US financial editor. Producer: Fiona Symon

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Rami Makhlouf’s complaints against his cousin show strains in power structure

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Hip hop may have started in the Bronx, but today’s rappers are millionaires with business empires that extend way beyond music. Ahead of Jay Z and Kanye West's European tour of their joint album Watch The Throne, Raphael Abraham talks to FT critics Ludovic Hunter-Tilney and Richard Clayton about the evolution and future of rap. With clips from The Sugarhill Gang, Jay Z and Kanye West, Evidence and DJ Shadow. Produced by Griselda Murray Brown  

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Based on a novel by Peter Stephan Jungk, 'The Perfect American' is the story of one of the 20th century's biggest entertainment moguls. The FT's arts writer gives his verdict on the work's premiere at the Teatro Real, Madrid.  

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The French conceptualist’s exhibition at the Palais de Tokyo is a sense-scrambling rethink of the relationship between art and the environment in which it appears  

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The Belgian artist has been found guilty of plagiarism. But intellectual property law is a poor fit with contemporary art's mash-ups, multiples and reworkings, says the FT's arts editor  

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Elvis Costello wrote the song during the Falklands War yet, David Honigmann says, its specific political subtext didn't deter Suede, The Unthanks and others from covering it. Credits: Domino Recording, Universal Music Catalogue)/Elvis Costello, Topic Records Ltd, RabbleRouser Music  

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A history of coffee and its role in global capitalism is fact-filled and entertaining if occasionally over-caffeinated

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Retirement property has a reputation for being a rip off, but several large operators claim to have reinvented the model. The FT's Money Mentor columnist Lindsay Cook joins Claer Barrett to discuss the issues. Next up, is your mobile phone a drain on your finances? Guy Anker from MoneySavingExpert tells us how. And finally, listeners hear from the FT's Rich People's Problems experts about the controversy surrounding his local tennis club.

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If ever there was a word that needed to be retired it's 'retirement'. The kind of images this word conjures up is sunny beaches and no longer having to set an alarm clock, or a stressful feeling about how much longer you will need to work to afford such a lifestyle. This week author Don Ezra talks to FT Money editor Claer Barrett about how best to get to and enjoy what used to be called retirement. Next up, if you're heading off on holiday soon then listen to our top tips on how to get the best deal on your holiday money. 

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What's the best bank account for students? Who will give you an interest-free overdraft? And how can you get hold of a student railcard? Lucy Warwick-Ching, FT Money digital editor talks to three experts about how to make the most of your money as a student. Plus we hear how your credit rating as a student can affect your ability to get finance long after you've finished studying. And finally Guy Anker of Moneysavingexpert.com tells us why you shouldn't automatically pay off your student loan if you can afford it. 

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The general election and your finances - with a week to go, what changes could the major parties bring in? Presenter Claer Barrett talks to Rachael Griffin, a tax expert at Quilter, about the pledges. Next up on the show if you're self employed, have you got a pension? A third of self-employed women say they are saving nothing into a pension. Blogger Emma Maslin, better known as the Money Whisperer, has lots to say on this topic. And finally - they might say it's vulgar to talk about money, but James Max, our Rich People's Problems columnist is here to explain why he loves cash.

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