PDate: 2/15/2024
Content: ​At its meeting yesterday, the Monetary Board decided to keep the BSP’s Target Reverse Repurchase (RRP) Rate unchanged at 6.50 percent. Thus, the interest rates on the overnight deposit and lending facilities were kept at 6.0 ...

PDate: 2/15/2024
Content: Personal remittances from Overseas Filipinos (OFs) posted a new record high of US$3.6 billion in December 2023, up by 3.9 percent from the US$3.5 billion recorded in December 2022. The growth in personal remittances in the las...

PDate: 2/14/2024
Content: ​Bangko Sentral ng Pilipinas (BSP) Governor Eli. M. Remolona, Jr. (second from right) and Deutsche Bundesbank Executive Board Member Burkhard Balz (second from left) led the signing of the Memorandum of Understanding on Techni...

PDate: 2/12/2024
Content: ​Foreign direct investment (FDI) net inflows rose by 27.8 percent to reach US$1.0 billion in November 2023 from the US$820 million net inflows recorded in November 2022 (Figure 1).1,2 This improvement was due mainly to the 57....