PDate: 5/29/2024
Content:  ​The Financial Stability Coordination Council (FSCC) held its 39th Executive Committee meeting to review offshore market developments and assess their impact on the stability of the country’s financial system.The Council...

PDate: 5/29/2024
Content: ​Photo Credit: Currency Research​​​The Bangko Sentral ng Pilipinas (BSP) received the “2024 Excellence in Currency Technical Award” for its Coin Deposit Machine (CoDM) Project from the International Association of Currency...

PDate: 5/28/2024
Content: ​The BSP is sharing the following information to clarify and respond to recent news reports on six employees on the staff of certain Monetary Board members. We hope this clarifies, within the bounds of confidentiality and fair...

PDate: 5/27/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) joined the Philippine Economic Briefing held earlier today in Manila. In photo are, from left, Nomura Chief ASEAN Economist Euben Paracuelles who facilitated the panel discussion, BSP Sen...

PDate: 5/24/2024
Content: ​Bangko Sentral ng Pilipinas Deputy Governor Bernadette Romulo-Puyat (pictured on the left) greets Her Majesty Queen Máxima of the Netherlands, the United Nations Secretary-General's Special Advocate for Inclusive Finance for ...

PDate: 5/21/2024
Content: ​Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. (right) welcomes Her Majesty Queen Máxima of the Netherlands, in her capacity as the United Nations Secretary-General's Special Advocate for Inclusive Finance fo...

PDate: 5/20/2024
Content: ​The country’s overall balance of payments (BOP) position posted a deficit of US$639 million in April 2024, higher than the US$148 million BOP deficit recorded in April 2023. The BOP deficit in April 2024 reflected outflows ar...

PDate: 5/17/2024
Content: ​The BSP is moving the publication of the Monetary Policy Report (MPR) to Friday next week, 24 May 2024, to allow revision and editing to fully capture the discussions of the Monetary Board during the monetary policy meeting h...

PDate: 5/16/2024
Content: ​At its meeting today, the Monetary Board decided to keep the BSP’s Target Reverse Repurchase (RRP) Rate at 6.50 percent. The interest rates on the overnight deposit and lending facilities also remain at 6.0 percent and 7.0 pe...

PDate: 5/15/2024
Content: ​Personal remittances from Overseas Filipinos (OFs) rose by 2.6 percent to US$3.05 billion in March 2024 from US$2.97 billion recorded in March 2023. The increase in personal remittances in March 2024 was due to remittances fr...

PDate: 5/10/2024
Content: ​The growth of foreign direct investment (FDI) net inflows was sustained in February 2024, posting a 29.3 percent increase year-on-year to reach US$1.4 billion from the US$1.1 billion net inflows in February 2023. (Figure 1).1...

PDate: 5/9/2024
Content: ​Preliminary data showed that domestic liquidity (M3) grew by 5.7 percent year-on-year to about ₱17.2 trillion in March from 5.1 percent (revised) in February. On a month-on-month seasonally-adjusted basis, M3 increased by abou...

PDate: 5/9/2024
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 9.4 percent year-on-year in March from 8.6 percent in February. On a...

PDate: 5/9/2024
Content: ​Photo shows Bangko Sentral ng Pilipinas (BSP) Deputy Governor Bernadette Romulo-Puyat (center) with (from left) BSP Managing Director Charina B. De Vera-Yap, Ilocos Norte Governor Matthew Marcos J. Manotoc, Laoag City Vice May...

PDate: 5/7/2024
Content: ​The country’s gross international reserves (GIR) level, based on preliminary data, settled at US$103.4 billion as of end-April 2024 from the end-March 2024 level of US$104.1 billion.1 The latest GIR level represents a more tha...

PDate: 5/7/2024
Content: ​Headline inflation edged higher at 3.8 percent year-on-year in April from 3.7 percent in March. This is within the BSP’s forecast range of 3.5 – 4.3 percent for the month. The resulting year-to-date average of 3.4 percent was ...

PDate: 5/7/2024
Content: ​Effective 08 May 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 Ma...

PDate: 5/6/2024
Content: ​The BSP recently released its Report on the Philippine Financial System for the Second Semester of 2023, underscoring the sustained resilience of the system amid macroeconomic uncertainties while remaining supportive of the co...

PDate: 5/4/2024
Content: ​The Regional Trial Court of La Trinidad, Benguet has convicted a former loan officer of the closed Rural Bank of Buguias (Benguet), Inc. (RB Buguias) for violating the Bangko Sentral ng Pilipinas (BSP) Manual of Regulations fo...

PDate: 5/3/2024
Content: ​The share of agriculture loans and services increased to 18.1 percent in 2022 from 17.6 percent in 2021, according to the 2022 Countryside Bank Survey (CBS) report released by the Bangko Sentral ng Pilipinas (BSP).The increase...

PDate: 5/2/2024
Content: ​Bangko Sentral ng Pilipinas Managing Director Jose R. Fajardo (center in dark suit) with Managing Directors Vincent Z. Bolivar and Eugene C. Teves, Directors Ana Theresa B. Del Rosario-Buen and Francinina Gracia I. Rivera-Uy l...

PDate: 5/1/2024
Content: ​Transactions on foreign investments registered with the BSP, through authorized agent banks, in March 2024 recorded net outflows of US$236 million resulting from the US$1.6 billion gross outflows and US$1.4 billion gross inflo...

PDate: 4/30/2024
Content: ​Based on preliminary results of the Other Financial Corporations Survey, the domestic claims of the other financial corporations rose by 2.7 percent in Q4 2023, slightly higher than the 2.1 percent growth quarter-on-quarter (...

PDate: 4/30/2024
Content: ​The BSP projects April 2024 inflation to settle within the 3.5 to 4.3 percent range. Continued price increases for rice and meat along with higher gasoline prices and the peso depreciation are the primary sources of upward pr...

PDate: 4/29/2024
Content: ​Photo shows Bangko Sentral ng Pilipinas Deputy Governor Bernadette Romulo-Puyat (seated inside the kalesa) with (from left) Ilocos Sur Vice Governor Ryan Luis V. Singson, Vigan City Mayor Jose “Bonito” C. Singson, and Sofia S...

PDate: 4/29/2024
Content: ​First row photo from left to right:  (a) Deputy Governor Francisco G. Dakila, Jr.  during the Philippine Dialogue; (b) Deputy Governor Francisco G. Dakila, Jr., Managing Director Zeno R. Abenoja and Senior Advis...

PDate: 4/26/2024
Content: ​Results of the Q1 2024 Senior Bank Loan Officers’ Survey (SLOS)1 indicated that majority of the participating banks maintained their credit standards for loans to businesses and consumers as shown by the modal approach.2 Mean...

PDate: 4/24/2024
Content: ​Photo shows Bangko Sentral ng Pilipinas Deputy Governor Francisco G. Dakila, Jr. (fifth from left) with (from left) Citi’s Managing Director and Head of the Public Sector Group Michael Paulus, Department of Budget and Managem...

PDate: 4/20/2024
Content: ​The MB, in its Resolution No. 918.A dated 13 July 2023, approved the cancellation of the BSP money service business registration of NIKKO to operate as a RTC with MC/FXD, pursuant to Section 901-N of the Manual of Regulations...

PDate: 4/19/2024
Content: ​The country’s overall balance of payments (BOP) position posted a surplus of US$1.2 billion in March 2024, slightly lower than the US$1.3 billion BOP surplus recorded in March 2023. The BOP surplus in March 2024 reflected inf...