PDate: 10/18/2024
Content: ​​​The country’s overall balance of payments (BOP) position posted a surplus of US$3.5 billion in September 2024, a reversal from the US$414 million BOP deficit recorded in September 2023. The BOP surplus in September 2024 re...

PDate: 10/17/2024
Content: ​The Monetary Board on 16 October 2024 decided to reduce the BSP’s Target Reverse Repurchase Rate by 25 basis points to 6.00 percent. Accordingly, the interest rates on the overnight deposit and lending facilities were set to...

PDate: 10/17/2024
Content: ​Photo shows (from left)  BSP Bank Officer Lizette O. Antonio and Deputy Director Arnel Adrian C. Salva, Bureau of Treasury Region VI Director Gary Angel S. Mana-ay, BPI Wealth Investment Advisor Maryann Julie Chan repre...

PDate: 10/17/2024
Content: ​Sari-sari store owner Vilma Guray deposits her coins in the Coin Deposit Machine. The Bangko Sentral ng Pilipinas (BSP) has collected more than PHP1 billion through its Coin Deposit Machines (CoDMs) as of 11 October 2024, ju...

PDate: 10/16/2024
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 6.0 percent. The interest rates on the overnight deposit and lending facilities ...

PDate: 10/15/2024
Content: ​Personal remittances from Overseas Filipinos (OFs) grew by 3.3 percent to US$3.20 billion in August 2024 from US$3.10 billion registered in August 2023. The expansion in personal remittances in August 2024 was due to higher ...

PDate: 10/11/2024
Content: ​Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona (left) administered the oath of office to Atty. Elmore O. Capule (right) as the new BSP Deputy Governor for the Corporate Services Sector on 10 October 2024 at the B...

PDate: 10/10/2024
Content: ​Foreign direct investment (FDI) net inflows in July 2024 increased by 5.5 percent year-on-year to reach US$820 million from the US$778 million net  inflows recorded in July 2023 (Figure 1).1,2 The improvement in FDI was...

PDate: 10/9/2024
Content: ​BSP Governor Eli M. Remolona (front row, fifth from right), BSP Deputy Governor Bernadette Romulo-Puyat (front row, sixth from left), and Department of Information and Communications Technology Secretary Ivan John E. Uy (cent...

PDate: 10/8/2024
Content: ​On 7 October 2024, Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. and Bank of Thailand (BOT) Governor Sethaput Suthiwartnarueput led the BSP-BOT High-Level Bilateral Meeting to exchange views and strengt...

PDate: 10/7/2024
Content: ​The country’s gross international reserves (GIR) level, based on preliminary data, reached an all-time high of US$112.0 billion as of end-September 2024 from the end-August 2024 level of US$107.9 billion.1 The latest GIR...

PDate: 10/7/2024
Content: ​Effective 08 October 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 ​L...

PDate: 10/7/2024
Content:  Dumaguete City has joined Philippine towns and cities that have adopted Paleng-QR PH Plus, following the program’s launch at the Negros Oriental capital on 25 September 2024. The launch event, held at the city’s public m...

PDate: 10/4/2024
Content: Year-on-year headline inflation dropped to 1.9 percent in September from 3.3 percent in August. This is below the BSP’s forecast range of 2.0 – 2.8 percent for the month. The resulting year-to-date average of 3.4 percent is wi...

PDate: 10/4/2024
Content: ​Preliminary data indicated that outstanding loans of universal and commercial banks (U/KBs), net of reverse repurchase (RRP) placements with the BSP, increased at a faster rate of 10.7 percent year-on-year in August from 10.4...

PDate: 10/4/2024
Content: ​Preliminary data indicated that domestic liquidity (M3) grew by 5.5 percent year-on-year to about ₱17.4 trillion in August from 7.3 percent in July (revised). On a month-on-month seasonally-adjusted basis, M3 marginally decre...

PDate: 10/3/2024
Content: ​The next Monetary Board meeting on the Review of the BSP’s Monetary Policy Stance, originally scheduled on Thursday, 17 October 2024, will be held on Wednesday, 16 October 2024.  The decision of the Monetary Board shall ...

PDate: 10/3/2024
Content: ​Dingalan, Aurora Mayor Shierwin H. Taay (left) uses QR PH to pay tricycle driver Joel Espinosa during the town’s rollout of Paleng-QR Ph Plus on 19 September 2024. Mayor Taay and Bangko Sentral ng Pilipinas (BSP) Cabanatuan B...

PDate: 10/1/2024
Content: ​Quezon Governor Angelina DL. Tan (third from left) and Bangko Sentral ng Pilipinas (BSP) South Luzon Regional Director Tomas J. Cariño, Jr. (far right) led the signing of the pledge of commitment to implement Paleng-QR Ph Plu...

PDate: 10/1/2024
Content: ​Bangko Sentral ng Pilipinas (BSP) Deputy Governor Bernadette Romulo-Puyat (top row, third from left) leads central bank officials during the recognition ceremony for the outstanding partners of the BSP South Luzon Regional Of...

PDate: 9/30/2024
Content: ​End-June 2024 Developments​Preliminary data on the country’s net international investment position (IIP) indicated a net liability position of US$55.2 billion as of end-June 2024, lower by 6.5 percent than the US$59.1 billion...

PDate: 9/30/2024
Content: ​Transactions on foreign investments registered with the BSP, through authorized agent banks, in August 2024 recorded net inflows of US$533.95 million resulting from the US$1,370.72 million gross inflows and the gross outflows...

PDate: 9/30/2024
Content: ​Outstanding loans granted by Foreign Currency Deposit Units (FCDU) of banks stood at US$15.63 billion as of end-June 2024, a decrease of US$438.58 million or by 2.7 percent from the end-March 2024 level of US$16.07 billion as...

PDate: 9/30/2024
Content: ​The country’s net external liability position widened by 17.1 percent quarter-on-quarter to P3 trillion in Q1 2024 from P2.6 trillion in Q4 2023 due to the higher net external liability positions of the non-financial corporat...

PDate: 9/30/2024
Content: ​The BSP projects September 2024 inflation to settle within the range of 2.0 to 2.8 percent. Negative base effects along with lower prices of food commodities including rice, meat, and vegetables as well as lower domestic oil ...

PDate: 9/30/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) and the Bankers Association of the Philippines (BAP) are taking their capital market development work a step further with two complementary initiatives.These two initiatives are about cre...

PDate: 9/27/2024
Content: ​The consumer sentiment for Q3 2024 improved as the overall confidence index (CI) turned less negative at -15.6 percent from -20.5 percent in the Q2 2024 survey results. This is reflective of the decrease in the percentage of ...

PDate: 9/27/2024
Content: ​​The business sentiment in the Philippines remained optimistic in Q3 2024 as the overall confidence index (CI) was little changed at 32.9 pe​​rcent from 32.1 percent in Q2 2024. The steady sentiment reflected the decrease in ...

PDate: 9/27/2024
Content: ​Nationwide residential property prices rise by 2.7% YoY and 1.8% QoQ in Q2 2024Residential real estate prices of various types of new housing units in the Philippines continued to increase in Q2 2024. Residential property pri...