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...

PDate: 9/27/2024
Content: ​Bangko Sentral ng Pilipinas (BSP) Regional Director Anna Clara Oville (first photo, rightmost) joins Dauin Mayor Galicano Truita (first photo, center) as he successfully pays using QR Ph at the town’s Mega Market.Dauin, Negro...

PDate: 9/26/2024
Content: ​The banking industry's outlook for the next two years remains optimistic based on the 2023 Banking Sector Outlook Survey (BSOS).  Overall, respondent banks expect double-digit growth in their assets, loans, deposits, and...

PDate: 9/24/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) will enhance its rediscounting facility, adding advances against government and BSP securities, helping align its credit operations with global best practices.  Under the change, the...

PDate: 9/24/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) sold gold during the first half of the year as part of its active management strategy of the country’s gold reserves, which form part of the country’s Gross International Reserves (GIR).T...

PDate: 9/21/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) reiterates that the termination of the contract with AllCard was justified due to delays on AllCard’s part. This decision was made to protect the interests of the government, represented ...

PDate: 9/20/2024
Content: ​The latest set of forecasts indicate an improvement in the overall balance of payments (BOP) position for 2024 and 2025 relative to the June 2024 projection exercise. This development is underpinned mainly by the sustained po...

PDate: 9/20/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) will reduce the reserve requirement ratios (RRRs) by 250 basis points (bps) for universal and commercial banks (U/KBs) and non-bank financial institutions with quasi-banking functions (NB...

PDate: 9/19/2024
Content: ​Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. (top row, fifth from right) led central bank officials at the recognition ceremony for the outstanding partners of the BSP Visayas Regional Office on 16 Septembe...

PDate: 9/4/2024
Content: Maybank Philippines, Incorporated officially started its Islamic banking operations on 14 August 2024, after receiving the grant of authority from the Bangko Sentral ng Pilipinas (BSP) on 04 July 2024.This is the second Islamic...

PDate: 8/30/2024
Content: ​Transactions on foreign investments registered with the BSP, through authorized agent banks, in July 2024 recorded net inflows of US$1,383.25 million resulting from the US$2,432.57 million gross inflows and the gross outflows...

PDate: 8/30/2024
Content: ​Preliminary ​data showed that domestic liquidity (M3) grew by 7.2 percent year-on-year to about ₱17.5 trillion in July from 6.6 percent in June. On a month-on-month seasonally-adjusted basis, M3 increased by about 0.7 percent...

PDate: 8/30/2024
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 10.4 percent year-on-year in July, faster than the increase of 10.1...

PDate: 8/30/2024
Content: ​Please be advised that the latest edition of the Monetary Policy Report (MPR) shall be published on Thursday, 5 September 2024.  ​

PDate: 8/30/2024
Content: ​The BSP projects August 2024 inflation to settle within the range of 3.2 to 4.0 percent. Higher electricity rates and higher prices for agricultural commodities, owing to unfavorable weather conditions, are the primary source...