PDate: 8/30/2024
Content: ​Preliminary data indicated that outstanding loans of universal and commercial banks (U/KBs), net of reverse repurchase (RRP) placements with the BSP, grew by 10.4 percent year-on-year in July, faster than the increase of 10.1...

PDate: 8/30/2024
Content: ​Please be advised that the latest edition of the Monetary Policy Report (MPR) shall be published on Thursday, 5 September 2024.  ​

PDate: 8/30/2024
Content: ​The BSP projects August 2024 inflation to settle within the range of 3.2 to 4.0 percent. Higher electricity rates and higher prices for agricultural commodities, owing to unfavorable weather conditions, are the primary source...

PDate: 8/27/2024
Content: ​President Ferdinand “Bongbong” R. Marcos Jr. was presented with the 7,500-Piso Gold and 750-Piso Silver commemorative coins by Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. on 27 August 2024 at Malacañang, in...

PDate: 8/26/2024
Content: ​Bangko Sentral ng Pilipinas Governor Eli M. Remolona, Jr. has been recognized as one of the top-performing central bank governors globally, receiving an “A-” rating in Global Finance magazine’s 2024 Central Banker Report Card...

PDate: 8/23/2024
Content: ​Moody’s Ratings (Moody’s) affirmed today the Philippines' investment-grade credit rating of “Baa2” with a “stable” outlook.The credit rating agency cited as key factors the country’s reforms to liberalize the economy, fiscal ...

PDate: 8/23/2024
Content: ​Photo shows Bangko Sentral ng Pilipinas (BSP) Deputy Governor Chuchi G. Fonacier (left) and International Finance Corporation Philippines Country Manager Jean-Marc Arbogast (right) with the winners of the BSP’s Race to the Fu...

PDate: 8/22/2024
Content: ​Photo shows (front row, sixth and seventh from right) Monetary Board Members Rosalia V. De Leon and Romeo L. Bernardo together with (front row, third from left) Bangko Sentral ng Pilipinas (BSP) Assistant Governor Arifa A. Al...

PDate: 8/21/2024
Content: ​The Monetary Board approved the continued participation of the Philippines, through the Bangko Sentral ng Pilipinas (BSP), in the Financial Transactions Plan (FTP) of the International Monetary Fund (IMF) for the period Augus...

PDate: 8/20/2024
Content: ​In a ceremony held on 19 August 2024 in Siem Reap, Cambodia, Eli M. Remolona, Jr., Governor of the Bangko Sentral ng Pilipinas (BSP) and H.E. Dr. Chea Serey, Governor of the National Bank of Cambodia (NBC), signed a Memorandu...

PDate: 8/20/2024
Content: The Regional Trial Court (RTC) and the Municipal Trial Court in Cities (MTCC) in Surigao City, Surigao del Norte have convicted a former vice president and manager of the closed Surigao City Evergreen Rural Bank, Inc. (SCERBI)...

PDate: 8/19/2024
Content: ​The country’s overall balance of payments (BOP) position posted a surplus of US$62 million in July 2024, a reversal from the US$53 million BOP deficit recorded in July 2023. The BOP surplus in July 2024 reflected inflows main...

PDate: 8/19/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) handed over donations to five health institutions on 12 August 2024 as part of its 31st anniversary celebration. The BSP, which also celebrated 75 years of central banking in the Philippi...

PDate: 8/16/2024
Content: ​The Monetary Board on 15 August 2024 decided to reduce the BSP’s Target Reverse Repurchase Rate by 25 basis points to 6.25 percent. Accordingly, the interest rates on the overnight deposit and lending facilities were set to 5...

PDate: 8/16/2024
Content: ​BSP & DOLE PROMOTE DIGITAL WAGE PAYMENTS Bangko Sentral ng Pilipinas (BSP) Deputy Governor (DG) Bernadette Romulo-Puyat and Labor Assistant Secretary Amuerfina Reyes led the discussions on promoting digital wage payments ...

PDate: 8/16/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) released today its 2023 Sustainability Report, which lays out the rationale and progress of its climate response.“A climate-resilient economy and financial stability are mutually reinforc...

PDate: 8/15/2024
Content: ​Personal remittances from Overseas Filipinos (OFs) rose by 2.5 percent to US$3.21 billion in June 2024 from US$3.13 billion registered in June 2023. The increase in personal remittances in June 2024 was due to higher remittan...

PDate: 8/15/2024
Content: ​At its monetary policy meeting today, the Monetary Board decided to reduce the BSP’s Target Reverse Repurchase (RRP) Rate by 25 basis points to 6.25 percent. The interest rates on the overnight deposit and lending facilities ...

PDate: 8/14/2024
Content: ​The Philippines has clinched an A- investment grade rating from another Japan-based credit rating agency. Rating and Investment Information, Inc. (R&I) upgraded its rating on the Philippines from the “BBB+” with positive ...

PDate: 8/13/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) issued Circular No. 1198 on the Regulatory Framework for Merchant Payment Acceptance Activities (MPAA) on 19 July 2024. The framework aims to establish standards and best practices t...

PDate: 8/12/2024
Content: ​Foreign direct investment (FDI) net inflows amounted to US$499 million in May 2024, lower by 1.0 percent than the US$504 million net inflows recorded in May 2023 (Figure 1).1,2 This decline emanated mainly from the 31.7 perce...

PDate: 8/12/2024
Content: Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. (center) together with (from left) Monetary Board Member (MBM) Walter C. Wassmer, the Governor’s fellow keynote speaker Bilkent University Professor of Economics ...

PDate: 8/9/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) and the Trust Officers Association of the Philippines (TOAP) highlighted the need to invest smart for retirement during a Personal Equity and Retirement Account (PERA) forum at the BSP hea...

PDate: 8/9/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) marks a milestone as it commemorates the third anniversary of PhilPaSSplus, the Philippines' only Peso large value real-time gross settlement (RTGS) system.Launched on 26 July 2021 to repl...

PDate: 8/8/2024
Content: ​The Monetary Board has approved the lifting of the moratorium on the grant of new digital banking licenses starting 01 January 2025 and allowed a maximum of ten (10) digital banks to operate in the country. The grant of new di...

PDate: 8/7/2024
Content: ​​​​​Preliminary data showed that domestic liquidity (M3) grew by 6.6 percent year-on-year to about ₱17.5 trillion in June from 6.5 percent in May. On a month-on-month seasonally-adjusted basis, M3 increased by about 0.5 percen...

PDate: 8/7/2024
Content: ​Preliminary data indicated that outstanding loans of universal and commercial banks (U/KBs), net of reverse repurchase (RRP) placements with the BSP, grew by 10.1 percent year-on-year in June, the same rate of increase as in M...

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...