PDate: 6/28/2024
Content: ​The consumer sentiment in the Philippines was more pessimistic for Q2 2024 as the overall confidence index (CI) became more negative at -20.5 percent from -10.9 percent in Q1 2024. The decline in the index is reflective of th...

PDate: 6/27/2024
Content: ​At its meeting today, the Monetary Board decided to maintain the BSP’s Target Reverse Repurchase (RRP) Rate at 6.50 percent. The interest rates on the overnight deposit and lending facilities will remain at 6.0 percent and 7....

PDate: 6/20/2024
Content: Photo shows (front row, from left) Asian Development Bank Senior Financial Sector Specialist Kelly Hattel, Philippine Space Agency Deputy Director General Denis F. Villorente, Bangko Sentral ng Pilipinas (BSP) Deputy Governor ...

PDate: 6/19/2024
Content: ​The country’s overall balance of payments (BOP) position posted a surplus of US$2.0 billion in May 2024, a reversal from the US$439 million BOP deficit recorded in May 2023. The BOP surplus in May 2024 reflected inflows arisi...

PDate: 6/11/2024
Content: ​Inaprubahan ng Monetary Board ng Bangko Sentral ng Pilipinas (BSP) noong 30 Mayo 2024 ang “Consumer Redress Mechanism Standards” o Circular No. 1195 para sa Account-to-Account Electronic Fund Transfers (EFTs) sa ilalim ng Nat...

PDate: 6/17/2024
Content: ​Personal remittances from Overseas Filipinos (OFs) grew by 3.1 percent to US$2.86 billion in April 2024 from US$2.77 billion recorded in April 2023. The increase in personal remittances in April 2024 was due to remittances fr...

PDate: 6/14/2024
Content: ​Total external debt (EDT) stood at US$128.7 billion as of end-March 2024, up by US$3.3 billion (or 2.6 percent) from the US$125.4 billion level as of end-December 2023. Despite the increase in the debt stock, the external deb...

PDate: 6/14/2024
Content: ​First Quarter 2024 DevelopmentsThe country’s balance of payments (BOP) position registered a surplus of US$238 million in Q1 2024, lower than the US$3.5 billion surplus recorded in Q1 2023. The BOP surplus declined in Q1 2024...

PDate: 6/14/2024
Content: ​The Monetary Board approved the latest set of 2024 and 2025 balance of payments (BOP) projections during its 13 June 2024 meeting. The new set of BOP projections incorporates most recent data and developments. The emergi...

PDate: 6/12/2024
Content: ​Photo shows Bangko Sentral ng Pilipinas (BSP) Managing Director Rosabel B. Guerrero (second from left) with Angeles City Vice Mayor Ma. Vicenta L. Vega-Cabigting, BSP Area Director Mark Jason A. Cagalingan, and a vendor who a...

PDate: 6/11/2024
Content: ​The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) approved on 30 May 2024 the issuance of Circular No. 1195 on the Consumer Redress Mechanism Standards for Account-to-Account Electronic Fund Transfers (EFTs) under t...

PDate: 6/11/2024
Content: ​The Monetary Board, in its Resolution No. 250.A dated 29 February 2024,  approved the cancellation of the BSP registration of FOREIGNEX INC. to operate as Money Changer/Foreign Exchange Dealer, pursuant to Section 901-N ...

PDate: 6/10/2024
Content: ​Foreign direct investment (FDI) net inflows continued its upward momentum for the third consecutive month in March 2024, registering a 23.1 percent year-on-year growth to reach US$686 million from the US$557 million net inflo...

PDate: 6/8/2024
Content: ​Fitch Ratings has kept the Philippines' "BBB" credit rating with a "stable" outlook in its latest rating action. This investment-grade credit rating has been in place since December 2017.Fitch acknowledged ...

PDate: 6/7/2024
Content: ​The country’s gross international reserves (GIR) level, based on preliminary data, rose to US$104.48 billion as of end-May 2024 from the end-April 2024 level of US$102.65 billion.1 The latest GIR level represents a more than a...

PDate: 6/7/2024
Content: ​Effective 10 June 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 F...

PDate: 6/6/2024
Content: ​The Monetary Board, in its Resolution No. 1571.A dated 27 October 2022, approved the cancellation of the Bangko Sentral ng Pilipinas (BSP) Money Service Business (MSB) registration of NIKKO FOREIGN EXCHANGE (Nikko FX) to opera...

PDate: 6/5/2024
Content: ​Headline inflation increased to 3.9 percent year-on-year in May from  3.8 percent in April. This is within the BSP’s forecast range of 3.7 – 4.5 percent for the month. The resulting year-to-date average of 3.5 percent was...

PDate: 6/5/2024
Content: ​BSP Regional Operations Sub-sector Managing Director Rosabel B. Guerrero (third from left) joins City of San Fernando Councilor Reggie David (fifth from left) as he successfully pays using QR Ph at the New Market City Plaza, C...

PDate: 5/31/2024
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 Mayo 2024 ay maitatala sa pagitan ng 3.7 hanggang 4.5 porsyento. Ang pa...

PDate: 6/3/2024
Content: ​The Bangko Sentral ng Pilipinas (BSP) supports the efficient roll-out of the eTravel Customs System in all international airports. The eTravel Customs System enables all arriving and departing travelers to fill-out the electro...

PDate: 5/31/2024
Content: ​Transactions on foreign investments registered with the BSP, through authorized agent banks, in April 2024 recorded net outflows of US$312 million resulting from the US$1.2 billion gross outflows and US$914 million gross infl...

PDate: 5/31/2024
Content: ​Preliminary data showed that domestic liquidity (M3) grew by 5.6 percent year-on-year to about ₱17.2 trillion in April from 5.7 percent in March. On a month-on-month seasonally-adjusted basis, M3 increased by about 0.5 percen...

PDate: 5/31/2024
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 9.6 percent year-on-year in April from 9.4 percent in March. On...

PDate: 5/31/2024
Content: ​The BSP projects May 2024 inflation to settle within the 3.7 to 4.5 percent range. Continued increases in electricity rates and vegetables prices alongside recent peso depreciation are the primary sources of upward price pres...

PDate: 5/30/2024
Content:
Photo shows President Ferdinand R. Marcos, Jr. (middle right), Her Majesty Queen Máxima of the Netherlands (middle left), the United Nations Secretary-General's Special Advocate for Inclusive Finance for Development (...

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...