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...

PDate: 8/6/2024
Content: ​To strengthen banks and other financial institutions against cyber threats, the Bangko Sentral ng Pilipinas (BSP) launched the Financial Services Cyber Resilience Plan (FSCRP) on 06 August 2024 at the Philippine International ...

PDate: 8/6/2024
Content: ​Bangko Sentral ng Pilipinas (BSP) officials (third, from left) Monetary Board Members Romeo L. Bernardo and Walter C. Wassmer and Deputy Governor Bernadette Romulo-Puyat led the launch of innovative financial education program...

PDate: 8/2/2024
Content: ​BSP Governor Eli M. Remolona, Jr. (center, in barong) led central bank officials at the recognition ceremony for the outstanding partners of the BSP Head Office on 02 August 2024. They included Monetary Board Member Rosalia V....

PDate: 7/31/2024
Content: ​Inaasahan ng Bangko Sentral ng Pilipinas (BSP) na ang inflation rate o ang bilis ng galaw ng presyo ng mga produkto at serbisyo sa bansa para sa buwan ng Hulyo 2024 ay maitatala sa pagitan ng 4.0 hanggang 4.8 porsyento. ...

PDate: 8/1/2024
Content: ​Photo courtesy of the Presidential Communications Office​President Ferdinand R. Marcos, Jr. (tenth from left) signed the Anti-Financial Account Scamming Act (AFASA) on 20 July 2024 in a ceremony held in Malacañang that was wit...

PDate: 7/31/2024
Content: ​Based on the preliminary results of the Other Financial Corporations Survey, the domestic claims of the other financial corporations grew by 2.8 percent quarter-on-quarter (QoQ) in Q1 2024, marginally higher than the 2.7 perc...

PDate: 7/31/2024
Content: ​Transactions on foreign investments registered with the BSP, through authorized agent banks, in June 2024 recorded net outflows of US$27 million resulting from the US$1.1 billion gross outflows and the gross inflows of US$1.0...

PDate: 7/31/2024
Content: ​The BSP projects July 2024 inflation to settle within the range of 4.0 to 4.8 percent. Higher electricity rates along with the increased prices for agricultural commodities like vegetables, meat, and fruits along with higher ...

PDate: 7/31/2024
Content: ​The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has approved amended guidelines on the “Settlement of Electronic Payments under the National Retail Payment System (NRPS) Framework” as part of ongoing efforts to en...

PDate: 7/30/2024
Content: ​Bangko Sentral ng Pilipinas (BSP) Monetary Board Member Benjamin E. Diokno (in the center) and Deputy Governor Bernadette Romulo-Puyat (in the center) lead the unveiling of BSP Cotabato Branch Building marker in Cotabato City...

PDate: 7/30/2024
Content: The BSP informs the public that the Monetary Policy Report (MPR) will now be published two weeks after the announcement of the monetary policy decision. Below are the new publication dates for the remaining MPRs for 2024:N...

PDate: 7/26/2024
Content: ​Results of the Q2 2024 Senior Bank Loan Officers’ Survey (SLOS)1 showed that most respondent banks kept their credit standards unchanged for credit to businesses and consumers based on the modal approach.2 Meanwhile, the...

PDate: 7/26/2024
Content: ​Bangko Sentral ng Pilipinas (BSP) Managing Director Rosabel B. Guerrero (center) and Mabalacat City Mayor Crisostomo C. Garbo show proof of e-payment at a café during the launch of “Paleng-QR Ph Plus” on 23 July 2024 at Mabal...

PDate: 7/24/2024
Content: ​In line with the Bangko Sentral ng Pilipinas (BSP) mandate on external debt management and pursuant to Section 22.7 of the Manual of Regulations on Foreign Exchange Transactions (FX Manual), as amended, all public and private...

PDate: 7/23/2024
Content: ​The share of digital payment transactions to total monthly retail payments in the Philippines grew from 42.1 percent in 2022 to 52.8 percent in 2023, according to the 2023 Report on E-Payments Measurement of the Bangko Sentra...

PDate: 7/22/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) and the Bureau of the Treasury (BTr) rolled out the fully automated Intraday Settlement Facility (ISF) for financial institutions (FIs) on 27 June 2024.The facility is available to all el...

PDate: 7/22/2024
Content: ​For the period April to June 2024, the Monetary Board approved a total of US$3.90 billion of public sector foreign borrowings. These are 43 percent (or US$1.17 billion) higher than the US$2.73 billion approved in the same per...

PDate: 7/20/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) welcomes the passage of Republic Act No. 12010 or the Anti-Financial Account Scamming Act (AFASA) that aims to combat financial cybercrimes, safeguard the interests of financial consumers...

PDate: 7/19/2024
Content: ​The country’s overall balance of payments (BOP) position posted a deficit of US$155 million in June 2024, lower than the US$606 million BOP deficit recorded in June 2023. The BOP deficit in June 2024 reflected outflows arisin...