PDate: 2/6/2024
Content: ​Headline inflation dropped further to 2.8 percent year-on-year in January 2024 from 3.9 percent in December 2023. This is at the low end of the BSP’s forecast range of 2.8-3.6 percent for the month and within the Government’s ...

PDate: 2/5/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) is bullish that the sustained rise of digital payment technologies will continue to facilitate the efficient delivery of financial services to the unbanked and micro-, small-, and medium-e...

PDate: 2/2/2024
Content: ​Para sa mga katulad ni Jester Cadevida, 23-taong gulang na corporate planner, malaking tulong ang basic deposit account (BDA) upang makapag-ipon ang isang fresh graduate na katulad niya.“Isa itong oportunidad sa akin para magi...

PDate: 2/2/2024
Content: ​​Quezon City launched the Paleng-QR Ph Plus program in a ceremony led by Mayor Josefina “Joy” G. Belmonte, Department of the Interior and Local Government (DILG) Undersecretary Felicito A. Valmocina, and Bangko Sentral ng Pili...

PDate: 1/31/2024
Content: ​Based on preliminary results of the Other Financial Corporations Survey, the domestic claims of the other financial corporations grew by 2.4 percent in Q3 2023, slightly slower than the 4.7 percent quarter-on-quarter growth i...

PDate: 1/31/2024
Content: ​The BSP projects January 2024 inflation to settle within the range of 2.8 to 3.6 percent. Higher prices of some agricultural items, like rice, meat, fruits, and fish, along with increased petroleum prices, electricity and wat...

PDate: 1/26/2024
Content: Monetary Board (MB) Chairman and Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. (fourth from left) leads the ceremonial toast of the annual reception for the banking community hosted by the BSP at the Fort San...

PDate: 1/26/2024
Content: ​Results of the Q4 2023 Senior Bank Loan Officers’ Survey (SLOS)1  indicated that most of the respondent banks kept their credit standards generally unchanged for lending to businesses and consumers based on the modal app...

PDate: 1/25/2024
Content: ​Transactions on foreign investments registered with the BSP, through AABs, in December 2023 recorded net outflows of US$205 million resulting from the US$1.3 billion gross outflows and the US$1.1 billion gross inflows for the...

PDate: 1/24/2024
Content: BSP Assistant Governor Arifa Ala (center), one of WOMANi’s “Most Influential Women in Islamic Business and Finance,” receives award from (left) Professor Humayon Dar, Chairperson of the WOMANi Programme and Director General of...

PDate: 1/23/2024
Content: ​Photos (from left) show BSP Governor Eli M. Remolona, Jr. at the World Economic Forum sessions on “Technology and Innovation in Financial Services: Balancing Promises and Risks;” “Financial Health: Key to Empowerment ...

PDate: 1/22/2024
Content:  President Ferdinand R. Marcos, Jr. has designated Department of Finance (DOF) Secretary Ralph G. Recto as Cabinet representative to the Monetary Board (MB), the highest policy-making body of the Bangko Sentral ng Pilipin...

PDate: 1/22/2024
Content: ​For the period October to December 2023, the Monetary Board (MB) approved seven (7) public sector medium-to long-term (MLT) foreign borrowings amounting to US$3.32 billion. Said amount is 65.80 percent (or US$1.32 billion) hi...

PDate: 1/19/2024
Content: ​The country’s net external liability position widened by 4.8 percent quarter-on-quarter to P2.4 trillion in Q2 2023 from P2.3 trillion in Q1 2023 due to the higher net external liability positions of the non-financial corpora...

PDate: 1/19/2024
Content: ​The country’s overall balance of payments (BOP) position posted a surplus of US$642 million in December 2023, higher than the US$612 million BOP surplus recorded in the same month last year. The BOP surplus in December 2023 r...

PDate: 1/16/2024
Content: The left photo shows Bangko Sentral ng Pilipinas (BSP) Assistant Governor Arifa A. Ala (seated, center), Shari’ah Supervisory Board (SSB) Chairperson Muhammad Nadzir S. Ebil (standing, fifth from left), SSB Deputy Chairperson ...

PDate: 1/16/2024
Content:  ​Bangko Sentral ng Pilipinas Governor Eli M. Remolona, Jr. (left) swears in former Finance Secretary Benjamin E. Diokno as a full-time Monetary Board Member on 12 January 2024 at the BSP head office in Manila. Former Fin...

PDate: 1/15/2024
Content: ​Personal remittances from Overseas Filipinos (OFs) reached US$3.0 billion in November 2023, higher by 2.9 percent than the US$2.9 billion posted in November 2022. The growth in personal remittances during the month was driven...

PDate: 1/12/2024
Content: ​Preliminary data indicated that outstanding loans of universal and commercial banks (U/KBs), net of reverse repurchase (RRP) placements with the BSP increased by 7.0 percent year-on-year in November from 7.1 percent in Octobe...

PDate: 1/12/2024
Content: ​Preliminary data showed that domestic liquidity (M3) grew by 7.0 percent year-on-year to about ₱16.8 trillion in November from 8.1 percent (revised) in October. On a month-on-month seasonally-adjusted basis, M3 decreased by a...

PDate: 1/10/2024
Content: ​Foreign direct investment (FDI) posted US$655 million net inflows in October 2023, lower by 29.6 percent than the US$930 million net inflows registered in the same period last year (Figure 1).1, 2 This was due largely to the ...

PDate: 1/9/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) has reached another central banking milestone with the onboarding of OmniPay, Inc. to the roster of financial institutions that settle high value transactions safely and instantly through ...

PDate: 1/8/2024
Content: ​Effective 09 January 2024, the applicable rediscount rates for the Bangko Sentral ng Pilipinas (BSP) Peso Rediscount Facility and Exporters’ Dollar and Yen Rediscount Facility are as follows:a. Peso Rediscount Facility ​Lo...

PDate: 1/8/2024
Content: ​Strengthening the corporate bond market is high on the list of priorities of the Financial Stability Coordination Council (FSCC) in 2024. In its last meeting for 2023, the Council noted that the Philippine financial marke...

PDate: 1/8/2024
Content: ​BSP Governor Eli M. Remolona, Jr. and BAIPHIL President Racquel B. Mañago shake hands after signing a memorandum of understanding (MOU), covering collaboration on productivity enhancements for banks through research, informati...

PDate: 1/5/2024
Content: ​The country’s gross international reserves (GIR) level, based on preliminary data, settled at US$102.5 billion as of end-December 2023 from the end-November 2023 level of US$102.7 billion.1 The latest GIR level represents a mo...

PDate: 1/5/2024
Content: ​Headline inflation slowed down to 3.9 percent year-on-year in December from 4.1 percent in November and was within the BSP’s forecast range of 3.6-4.4 percent for the month. The resulting full-year average inflation rate for 2...

PDate: 1/5/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) has issued amendments to the regulations on the return of banks’ bounced checks, and on the rollout of the “Intraday Settlement Facility” (ISF). These are part of BSP’s broader policy...

PDate: 12/30/2023
Content: ​The 1000-Piso polymer banknote features the Philippine eagle, one of the rarest and most powerful birds of prey, thus helping efforts to promote its conservation. The banknote also features the national flower Sampaguita, al...

PDate: 12/29/2023
Content: Outstanding loans granted by Foreign Currency Deposit Units (FCDU) of banks stood at US$15.5 billion as of end-September 2023, an increase of US$109 million or by 0.7 percent from the end-June 2023 level of US$15.4 billion as...