PDate: 11/13/2023
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 6.5 percent year-on-year in September from 7.2 percent in Aug...

PDate: 11/11/2023
Content: ​Fitch Ratings has affirmed the Philippines’ “BBB” credit rating, which is a notch above the minimum investment grade, and has kept the outlook on the rating at “stable.” Since December 2017, the Philippines has maintained a ...

PDate: 11/10/2023
Content: ​Foreign direct investment (FDI) posted net inflows of US$789 million in August 2023, slightly lower than the US$792 million net inflows recorded in the same month last year (Figure 1).1,2 The marginal decline in FDI net infl...

PDate: 11/9/2023
Content:  The domestic economy’s total saving reached P3.7 trillion in 2020, 26.1 percent lower than the P5 trillion recorded in 2019 due primarily to the lockdown measures implemented by the government to control the spread of CO...

PDate: 11/9/2023
Content: ​The Bangko Sentral ng Pilipinas (BSP), in its continued commitment to transparency and good governance, releases information on the issuance of Monetary Board opinions (MBOs) on the proposed domestic borrowings of local gover...

PDate: 11/8/2023
Content: Shown above is a snapshot of representatives of member-agencies of the Islamic Finance Coordination Forum during its first meeting on 7 July 2023.The Islamic Finance Coordination Forum (IFCF) affirms the commitment of member-a...

PDate: 11/7/2023
Content: Headline inflation dropped to 4.9 percent year-on-year in October from 6.1 percent in September and was below the BSP’s forecast range of 5.1-5.9 percent for the month. The resulting year-to-date average of 6.4 percent remains...

PDate: 11/7/2023
Content: ​The country’s gross international reserves (GIR) level, based on preliminary data, rose to US$101.1 billion as of end-October 2023 from the end-September 2023 level of US$98.1 billion.1 The latest GIR level represents a more ...

PDate: 11/7/2023
Content: ​Effective 08 November 2023, 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 ​...

PDate: 11/7/2023
Content: ​The cancellation of the Bangko Sentral ng Pilipinas registration of MCEX FOREIGN EXCHANGE as Money Changer (MC)/Foreign Exchange Dealer(FXD) was approved by the Monetary Board (MB) in its Resolution No. 32.A dated 05 January ...

PDate: 11/6/2023
Content: ​Alongside improving macroeconomic fundamentals, the Report on the Philippine Financial System for the First Semester of 2023 shows that the Philippine financial system continued its robust performance and supported economic a...

PDate: 11/4/2023
Content: ​BSP Governor Eli M. Remolona, Jr. (center, in dark suit) led central bank officials at the recognition ceremony for the outstanding partners of the BSP Head Office last Friday, 27 October.  They included, from left, Depu...

PDate: 11/4/2023
Content: ​The Bangko Sentral ng Pilipinas (BSP) joined the celebration of the 34th National Statistics Month (NSM) by conducting an online public information campaign on the economic, monetary, and financial statistics it produces regu...

PDate: 11/3/2023
Content: ​The cancellation of the Bangko Sentral ng Pilipinas registration to operate as FXD/MC of LADY DIAMOND FOREIGN EXCHANGE SERVICE was approved by the Monetary Board in its Resolution No. 1414.A dated 22 September 2022 pursuant t...

PDate: 10/31/2023
Content: ​The BSP projects October 2023 inflation to settle within the range of 5.1 to 5.9 percent. Higher prices of electricity, LPG, fruits, and fish, as well as the recent adjustment in jeepney fares are the primary sources of upwa...

PDate: 10/31/2023
Content: ​Based on preliminary results of the Other Financial Corporations Survey, the domestic claims of the other financial corporations rose at an accelerated pace of 19.2 percent in Q2 2023 from the 12.2 percent year-on-year growt...

PDate: 10/27/2023
Content: ​The Bangko Sentral ng Pilipinas (BSP) once again reminds BSP-Supervised Financial Institutions (BSFIs) offering PESONet and InstaPay services to ensure the availability of customer services during holidays and non-working da...

PDate: 10/27/2023
Content: ​The Monetary Board on 26 October 2023 decided to take off-cycle action to raise the BSP’s Target Reverse Repurchase Rate by 25 basis points to 6.50 percent. Accordingly, the interest rates on the overnight deposit and lendin...

PDate: 10/27/2023
Content: ​Results of the Q3 2023 Senior Bank Loan Officers’ Survey (SLOS)1​ reflected that a majority of the participating banks maintained their credit standards for loans to firms and households based on the modal approach.2&#1...

PDate: 10/26/2023
Content: ​Transactions on foreign investments registered with the BSP, through AABs, in September 2023 recorded net outflows of US$698 million resulting from the US$1.6 billion gross outflows and the gross inflows of US$888 million fo...

PDate: 10/26/2023
Content: ​At its regular meeting earlier today, the Monetary Board decided to take off-cycle action to raise the BSP’s Target Reverse Repurchase (RRP) Rate by 25 basis points to 6.50 percent, effective tomorrow, 27 October 2023. Accor...

PDate: 10/26/2023
Content: ​Nationwide residential property prices rise by 14.1% YoY and 5.3% QoQ in Q2 2023The residential real estate prices of various types of new housing units in the Philippines rose faster in Q2 2023 by 14.1 percent year-on-year ...

PDate: 10/26/2023
Content:  The Bangko Sentral ng Pilipinas (BSP) and the Department of Trade and Industry (DTI) formally sealed their partnership for the conduct of the country’s first Cashless Expo.BSP Deputy Governor (DG) Mamerto E. Tangonan (i...

PDate: 10/25/2023
Content: ​Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. (right photo) and officials of Citi Philippines and the Microfinance Council of the Philippines, Inc. (MCPI) led the ceremony for the 2nd Digital Financial Incl...

PDate: 10/24/2023
Content: Photo shows (from right) Monetary Board Member V. Bruce J. Tolentino, Department of Finance Chief Economic Counselor Zeno Ronald R. Abenoja, and Bangko Sentral ng Pilipinas Deputy Governor Francisco G. Dakila, Jr. during the ...

PDate: 10/23/2023
Content: ​​Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. (third from left) and Cooperative Development Authority (CDA) Chairman and Undersecretary Joseph B. Encabo (second from left) sign the Memorandum of Agreement ...

PDate: 10/19/2023
Content: ​The country’s overall balance of payments (BOP) position posted a deficit of US$414 million in September 2023, lower than the US$2.3 billion BOP deficit recorded in the same month last year. The BOP deficit in September 2023...

PDate: 10/18/2023
Content: [First row photo:  (a) Monetary Board Member V. Bruce J. Tolentino as Chair of the 54th Joint Governors’ Meeting of the WBG-IMF Southeast Asia Voting Group; Second row photo from left to right: (b) Deputy Governo...

PDate: 10/17/2023
Content: ​A CoDM user prepares to deposit his coins in the CoDM located in SM Mall of Asia.The Bangko Sentral ng Pilipinas (BSP) is encouraging Filipinos who have accumulated idle coins to convert these to e-wallet credits or shopping...

PDate: 10/16/2023
Content: ​Personal remittances from Overseas Filipinos (OFs) increased by 2.8 percent to reach US$3.10 billion in August 2023 from US$3.02 billion in the same month of the previous year. The growth in personal remittances in August 20...