PDate: 4/11/2024
Content: ​Preliminary data indicated that outstanding loans of universal and commercial banks (U/KBs), net of reverse repurchase (RRP) placements with the BSP, expanded by 8.6 percent year-on-year in February from 7.8 percent in Januar...

PDate: 4/10/2024
Content: ​Foreign direct investment (FDI) net inflows grew by 89.9 percent to reach US$907 million in January 2024 from the US$478 million net inflows in January 2023 (Figure 1).1,2 The increase in FDI was supported mainly by the 173.2...

PDate: 4/8/2024
Content: At its meeting today, the Monetary Board decided to retain the BSP’s Target Reverse Repurchase (RRP) Rate at 6.50 percent. Thus, the interest rates on the overnight deposit and lending facilities also remain at 6.0 percent and ...

PDate: 4/8/2024
Content: ​Effective 11 April 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 ...

PDate: 4/6/2024
Content: ​The country’s gross international reserves (GIR) level, based on preliminary data, rose to US$104.0 billion as of end-March 2024 from the end-February 2024 level of US$102.0 billion.1 The latest GIR level represents a more tha...

PDate: 4/6/2024
Content: ​Headline inflation increased to 3.7 percent year-on-year in March from 3.4 percent in February. This is within the BSP’s forecast range of 3.4 – 4.2 percent for the month. The resulting year-to-date average of 3.3 percent was ...

PDate: 4/3/2024
Content: ​1. Brunei Darussalam Central Bank (BDCB) and Bank of the Lao PDR (BOL) have officially joined the Regional Payment Connectivity (RPC) after previously expressing their interest in joining the initiative. BDCB signed the second...

PDate: 4/1/2024
Content: ​The BSP projects March 2024 inflation to settle within 3.4 to 4.2 percent. Continued price increases of rice and meat along with higher domestic oil prices and electricity rates are the primary sources of upward price pressure...

PDate: 3/27/2024
Content: ​Outstanding loans granted by Foreign Currency Deposit Units (FCDU) of banks stood at US$15.2 billion as of end-December 2023, a decrease of US$340 million or by 2.2 percent from the end-September 2023 level of US$15.5 billion...

PDate: 3/27/2024
Content: ​The country’s net external liability position widened by 4 percent quarter-on-quarter to P2.6 trillion in Q3 2023 from P2.5 trillion in Q2 2023 due to the higher net external liability position of the non-financial corporatio...

PDate: 3/27/2024
Content: ​Transactions on foreign investments registered with the BSP, through authorized agent banks, in February 2024 recorded net inflows of US$689 million resulting from the US$1.5 billion gross inflows and US$859 million gross out...

PDate: 3/27/2024
Content: ​Fourth Quarter 2023 DevelopmentsPreliminary data on the country’s net international investment position (IIP) indicated a net liability position of US$51.3 billion as of end-December 2023, higher by 8.1 percent than the US$47...

PDate: 3/27/2024
Content: ​Nationwide residential property prices rise by 6.5% YoY but decline by 3.6% QoQ in Q4 2023Residential real estate prices of various types of new housing units in the Philippines continued to increase in Q4 2023, rising by 6.5...

PDate: 3/26/2024
Content: ​The Municipal Circuit Trial Court of Alfonso-General Aguinaldo, Cavite convicted Angelina Vidallon Romasanta for violating the Revised Penal Code in relation to a fictitious loan with the closed Community Bank (Rural Bank of ...

PDate: 3/25/2024
Content: ​The Monetary Board, in its Resolution No. 145.A dated 01 February 2024, approved the cancellation of ATOMTRANS TECH CORP’s Certificate of Registration to operate as a Remittance and Transfer Company with Type “A” Remittance A...

PDate: 3/25/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) reaffirmed its commitment to strengthen financial education (Fin-Ed) for students and teachers at a meeting with the Department of Education (DepEd) and the BDO Foundation at the DepEd Ce...

PDate: 3/22/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) has released its first Manual of Regulations for Payment Systems (MORPS).The MORPS serves as a readily available reference for National Payment System (NPS) participants and the public on...

PDate: 3/22/2024
Content: ​The BSP informs the public that the 2nd meeting of the Monetary Board on the monetary policy stance will be held on 8 April 2024, Monday, instead of 4 April 2024, Thursday. Accordingly, the press briefing on the BSP’s monetar...

PDate: 3/22/2024
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 day...

PDate: 3/21/2024
Content: ​Bangko Sentral ng Pilipinas (BSP) Deputy Governor (DG) Bernadette Romulo-Puyat (fifth from right) led the turnover ceremony of the Agricultural Value Chain Financing (AVCF) Project from the BSP and the Asian Development Bank ...

PDate: 3/19/2024
Content: ​The country’s overall balance of payments (BOP) position posted a deficit of US$196 million in February 2024, lower than the US$895 million BOP deficit recorded in February 2023. The BOP deficit in February 2024 reflected out...

PDate: 3/18/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) reminds the public to carefully scrutinize individuals, groups, or companies using the BSP name and logo on their websites, social media accounts, and promotional materials. They usually ...

PDate: 3/15/2024
Content: ​Total external debt (EDT) stood at US$125.4 billion as of end-December 2023, up by US$6.6 billion (or 5.5 percent) from the US$118.8 billion level as of end-September 2023. Despite the increase in the debt stock, the external...

PDate: 3/15/2024
Content: ​Personal remittances from Overseas Filipinos (OFs) registered US$3.15 billion in January 2024, higher by 2.7 percent than the US$3.07 billion recorded in the same month last year. The increase in personal remittances in Janua...

PDate: 3/15/2024
Content: ​Fourth Quarter 2023 DevelopmentsThe country’s balance of payments (BOP) position registered a surplus of US$1.9 billion in Q4 2023, more than thrice the US$568 million surplus recorded in Q4 2022. The higher BOP surplus was s...

PDate: 3/15/2024
Content: ​The Monetary Board approved the latest set of 2024 and 2025 balance of payments (BOP) projections during its 14 March 2024 meeting. The new set of BOP projections incorporates most recent data and developments.The emerging ex...

PDate: 3/14/2024
Content: ​The Financial Stability Coordination Council (FSCC) held its 38th Executive Committee meeting. Held soon after the launch of the 2023 Financial Stability Report (FSR), the Council assessed the development in the early part of...

PDate: 3/13/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) has directed banks and other BSP-supervised financial institutions (BSFIs) to place the Philippine identification card (PhilID) at the top of the list of acceptable valid IDs, being the o...

PDate: 3/12/2024
Content: The Supreme Court (SC) upheld the rulings that sentenced a man to prison for illegal possession and use of fake banknotes.In a decision penned by Associate Justice Jhosep Y. Lopez, the SC’s Second Division denied the petition ...

PDate: 3/11/2024
Content: Foreign direct investment (FDI) net inflows sustained its growth momentum in December 2023, increasing by 29.9 percent year-on-year to reach US$826 million from the US$636 million net inflows in December 2022. (Figure 1).1,2 F...