Lee C. Chipongian
BSP cuts key rate by 25 bps anew, signals more next year
December 19, 2024 8:14 am
The central bank’s Monetary Board cut the target reverse repurchase (RRP) rate by another 25 basis points (bps) to 5.75 percent on Thursday, Dec. 19, third time the RRP rate has been reduced since August.
Philippine BOP surplus shrinks end-November
December 19, 2024 3:45 am
The country posted a lower balance of payments (BOP) surplus of $2.117 billion as of end-November compared to end-October of $4.393 billion due to government foreign borrowings and reduced trade in services’ net receipts.
Fitch lauds Philippines’ sound monetary policy, slowing inflation
December 18, 2024 6:40 am
Credit watcher Fitch Ratings continues to acknowledge the role of the Bangko Sentral ng Pilipinas (BSP) in creating a stable economic environment by maintaining an appropriate monetary policy stance to bring inflation down.
BSP calls on banks' support of e-payment pricing survey
December 17, 2024 9:21 am
The Bangko Sentral ng Pilipinas (BSP) is encouraging all its supervised institutions or BSIs to participate in the yearly survey on the pricing of digital payments (SPDP) for a more transparent and accurate pricing of electronic payments in the country.
Banks' real estate exposure dips below 20%
December 17, 2024 8:10 am
Banks and their trust units’ real estate exposure continued to decrease at the end of September to 19.55 percent of the total loan portfolio, excluding interbank loans, compared to the previous year’s 20.55 percent.