PDate: 8/7/2024
Content: ​Effective 08 August 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​Loan...

PDate: 8/7/2024
Content: ​The country’s gross international reserves (GIR) level, based on preliminary data, rose to US$105.65 billion as of end-July 2024 from the end-June 2024 level of US$105.19 billion.1 The latest GIR level represents a more than a...

PDate: 8/6/2024
Content: ​Headline inflation increased to 4.4 percent in July from 3.7 percent in June. This is within the BSP’s forecast range of 4.0 – 4.8 percent for the month. The resulting year-to-date average of 3.7 percent was within the Governm...

PDate: 8/6/2024
Content: ​To strengthen banks and other financial institutions against cyber threats, the Bangko Sentral ng Pilipinas (BSP) launched the Financial Services Cyber Resilience Plan (FSCRP) on 06 August 2024 at the Philippine International ...

PDate: 8/2/2024
Content: ​BSP Governor Eli M. Remolona, Jr. (center, in barong) led central bank officials at the recognition ceremony for the outstanding partners of the BSP Head Office on 02 August 2024. They included Monetary Board Member Rosalia V....

PDate: 7/31/2024
Content: ​Inaasahan ng Bangko Sentral ng Pilipinas (BSP) na ang inflation rate o ang bilis ng galaw ng presyo ng mga produkto at serbisyo sa bansa para sa buwan ng Hulyo 2024 ay maitatala sa pagitan ng 4.0 hanggang 4.8 porsyento. ...

PDate: 8/1/2024
Content: ​Photo courtesy of the Presidential Communications Office​President Ferdinand R. Marcos, Jr. (tenth from left) signed the Anti-Financial Account Scamming Act (AFASA) on 20 July 2024 in a ceremony held in Malacañang that was wit...

PDate: 7/31/2024
Content: ​Based on the preliminary results of the Other Financial Corporations Survey, the domestic claims of the other financial corporations grew by 2.8 percent quarter-on-quarter (QoQ) in Q1 2024, marginally higher than the 2.7 perc...

PDate: 7/31/2024
Content: ​Transactions on foreign investments registered with the BSP, through authorized agent banks, in June 2024 recorded net outflows of US$27 million resulting from the US$1.1 billion gross outflows and the gross inflows of US$1.0...

PDate: 7/31/2024
Content: ​The BSP projects July 2024 inflation to settle within the range of 4.0 to 4.8 percent. Higher electricity rates along with the increased prices for agricultural commodities like vegetables, meat, and fruits along with higher ...

PDate: 7/31/2024
Content: ​The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has approved amended guidelines on the “Settlement of Electronic Payments under the National Retail Payment System (NRPS) Framework” as part of ongoing efforts to en...

PDate: 7/30/2024
Content: ​Bangko Sentral ng Pilipinas (BSP) Monetary Board Member Benjamin E. Diokno (in the center) and Deputy Governor Bernadette Romulo-Puyat (in the center) lead the unveiling of BSP Cotabato Branch Building marker in Cotabato City...

PDate: 7/30/2024
Content: The BSP informs the public that the Monetary Policy Report (MPR) will now be published two weeks after the announcement of the monetary policy decision. Below are the new publication dates for the remaining MPRs for 2024:N...

PDate: 7/26/2024
Content: ​Results of the Q2 2024 Senior Bank Loan Officers’ Survey (SLOS)1 showed that most respondent banks kept their credit standards unchanged for credit to businesses and consumers based on the modal approach.2 Meanwhile, the...

PDate: 7/26/2024
Content: ​Bangko Sentral ng Pilipinas (BSP) Managing Director Rosabel B. Guerrero (center) and Mabalacat City Mayor Crisostomo C. Garbo show proof of e-payment at a café during the launch of “Paleng-QR Ph Plus” on 23 July 2024 at Mabal...

PDate: 7/24/2024
Content: ​In line with the Bangko Sentral ng Pilipinas (BSP) mandate on external debt management and pursuant to Section 22.7 of the Manual of Regulations on Foreign Exchange Transactions (FX Manual), as amended, all public and private...

PDate: 7/23/2024
Content: ​The share of digital payment transactions to total monthly retail payments in the Philippines grew from 42.1 percent in 2022 to 52.8 percent in 2023, according to the 2023 Report on E-Payments Measurement of the Bangko Sentra...

PDate: 7/22/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) and the Bureau of the Treasury (BTr) rolled out the fully automated Intraday Settlement Facility (ISF) for financial institutions (FIs) on 27 June 2024.The facility is available to all el...

PDate: 7/22/2024
Content: ​For the period April to June 2024, the Monetary Board approved a total of US$3.90 billion of public sector foreign borrowings. These are 43 percent (or US$1.17 billion) higher than the US$2.73 billion approved in the same per...

PDate: 7/20/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) welcomes the passage of Republic Act No. 12010 or the Anti-Financial Account Scamming Act (AFASA) that aims to combat financial cybercrimes, safeguard the interests of financial consumers...

PDate: 7/19/2024
Content: ​The country’s overall balance of payments (BOP) position posted a deficit of US$155 million in June 2024, lower than the US$606 million BOP deficit recorded in June 2023. The BOP deficit in June 2024 reflected outflows arisin...

PDate: 7/18/2024
Content: ​Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. (left) formally welcomes new Monetary Board Member (MBM) Walter C. Wassmer to the BSP after administering his oath of office at the BSP head office in Manila on ...

PDate: 7/18/2024
Content: ​The Financial Sector Forum (FSF) successfully concluded the third Supervisory College, an initiative aimed at enhancing the effectiveness and coherence of supervisory practices governing financial conglomerates.  This hi...

PDate: 7/17/2024
Content: ​Puerto Princesa Mayor Lucilo R. Bayron pays using QR Ph to a merchant during the launch of Paleng-QR Ph Plus on 16 July 2024 in Puerto Princesa City. Joining him are Bangko Sentral ng Pilipinas Deputy Governor Bernadette Romu...

PDate: 7/17/2024
Content: ​Photo shows (front row, seventh to ninth from left) Agricultural Credit Policy Council Director Magdalena Casuga, Bangko Sentral ng Pilipinas Cabanatuan Branch Officer-in-Charge Lydia Panahon, Principal Researcher Dr. Veronic...

PDate: 7/17/2024
Content: ​The Monetary Board has approved further amendments to FX regulations to allow the BSP to gather more accurate and relevant information on FX transactions to promote and maintain price stability and ensure financial stability ...

PDate: 7/16/2024
Content: ​The 29th EMEAP1 Governors’ Meeting was held in Penang, Malaysia on 15 July 2024. The meeting was chaired by Bank Negara Malaysia Governor Abdul Rasheed Ghaffour. The Governors discussed recent economic and financial developme...

PDate: 7/16/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) will be conducting the 4th Corporate Financial Trends Survey (CFTS) in the third quarter of 2024. The CFTS is a BSP initiative designed to provide a better understanding of the financial ...

PDate: 7/12/2024
Content: ​Pinaaalalahanan ng Bangko Sentral ng Pilipinas (BSP) ang publiko na lalong maging mapagmatyag laban sa mga scam dahil nagagawa nang mas kapani-paniwala ang mga pekeng video at audio gamit ang artificial intelligence (AI). &#1...

PDate: 7/15/2024
Content: ​Personal remittances from Overseas Filipinos (OFs) rose by 3.7 percent to US$2.88 billion in May 2024 from US$2.78 billion recorded in May 2023. The increase in personal remittances in May 2024 was due to remittances from 1) ...