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...

PDate: 3/9/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) informs the public that it has not issued any directive that US Dollar “[bank]notes with stamps (money changer) will only be accepted until March 12” or any specified date this year.The BS...

PDate: 3/8/2024
Content: ​Preliminary data showed that domestic liquidity (M3) grew by 6.0 percent year-on-year to about ₱17.0 trillion in January 2024 from 6.2 percent  (revised) in December 2023. On a month-on-month seasonally-adjusted basis, M3...

PDate: 3/8/2024
Content: ​Preliminary data indicated that outstanding loans of universal and commercial banks (U/KBs), net of reverse repurchase (RRP) placements with the BSP, went up at a faster rate of 7.8 percent year-on-year in January 2024 from 7....

PDate: 3/7/2024
Content: ​The country’s gross international reserves (GIR) level, based on preliminary data, settled at US$102.7 billion as of end-February 2024 from the end-January 2024 level of US$103.3 billion.1 The latest GIR level represents a mor...

PDate: 3/7/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) continued to strengthen its ties with regional stakeholders with its conduct of the Regional Macroeconomic Conference Series (RMCS) on 27 February 2024 at the BSP Visayas Regional Office i...

PDate: 3/7/2024
Content: ​Effective 08 March 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: 3/6/2024
Content: ​The Japan Credit Rating Agency, Ltd. (JCR) has kept the Philippines’ investment-grade credit rating of “A-” with a stable outlook.The Japan-based debt watcher highlighted the country’s high and sustained economic growth suppor...

PDate: 3/6/2024
Content: ​Headline inflation climbed to 3.4 percent year-on-year in February from 2.8 percent in January. This is within the BSP’s forecast range of 2.8 - 3.6 percent for the month. The resulting year-to-date average of 3.1 percent was ...

PDate: 3/5/2024
Content: ​Bangko Sentral ng Pilipinas (BSP) Deputy Governor Bernadette Romulo-Puyat (left) pays the jeepney fare using QR code during the launch of the Paleng-QR Ph Plus program on 05 March 2024 in Bacoor City. Joining her is City Vice ...

PDate: 3/4/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) warns against individuals or entities that conduct unauthorized activities in the name of the BSP, such as, but not limited to, assisting unsuspecting suppliers to expedite transactions an...

PDate: 2/29/2024
Content: ​Transactions on foreign investments registered with the BSP, through AABs, in January 2024 recorded net outflows of US$76 million resulting from the US$1.3 billion gross outflows and the gross inflows of US$1.2 billion for th...

PDate: 2/29/2024
Content: ​The BSP projects February 2024 inflation to settle within the range of 2.8 to 3.6 percent. Continued price increases for key food items, such as rice, meat, and fish, along with increased petroleum prices and electricity rate...

PDate: 2/23/2024
Content: ​Monetary Board (MB) Member Benjamin E. Diokno (third from right) hands over the certificate of appreciation as a Coin Deposit Machine Project partner retailer to Robinsons Retail Holdings, Inc. (RRHI) President and Chief Exec...

PDate: 2/22/2024
Content: ​The Monetary Board approved the adoption of the Philippine Sustainable Finance Taxonomy Guidelines (SFTG) for banks in its meeting held on 14 February 2024. The SFTG is a classification tool for identifying whether an economi...

PDate: 2/22/2024
Content:  BSP Governor Leads launch of Financial Stability Report Bangko Sentral ng Pilipinas (BSP) Governor and Financial Stability Coordination Council (FSCC) Chairman Eli M. Remolona, Jr. (third from left) led the launch of the...

PDate: 2/21/2024
Content: ​Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. and Philippine Deposit Insurance Corporation (PDIC) President and Chief Executive Officer Roberto B. Tan shake hands after signing the BSP-PDIC Revised Memorandu...

PDate: 2/19/2024
Content: ​The country’s overall balance of payments (BOP) position posted a deficit of US$740 million in January 2024, a reversal from the US$3.1 billion BOP surplus recorded in the same month last year. The BOP deficit in January 2024...

PDate: 2/15/2024
Content: ​At its meeting yesterday, the Monetary Board decided to keep the BSP’s Target Reverse Repurchase (RRP) Rate unchanged at 6.50 percent. Thus, the interest rates on the overnight deposit and lending facilities were kept at 6.0 ...

PDate: 2/15/2024
Content: Personal remittances from Overseas Filipinos (OFs) posted a new record high of US$3.6 billion in December 2023, up by 3.9 percent from the US$3.5 billion recorded in December 2022. The growth in personal remittances in the las...