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...

PDate: 10/13/2023
Content: ​The Monetary Board (MB) approved a total of US$2.70 billion of public sector foreign borrowings in the third quarter of 2023. These are all borrowings by the Republic of the Philippines (RP) consisting of four (4) project lo...