The Bangko Sentral ng Pilipinas (BSP) is increasing the fees it charge on banks’ deposits and reinstating fees for withdrawals of cash transactions as part of its Clean Note and Coin Policy (CNCP) and to improve the circulation of fit banknotes. Based on Circular No. 1106, the BSP is...
The Bangko Sentral ng Pilipinas (BSP) has made additional moves to strengthen financial market infrastructures against financial crises and for the implementation of a governance policy for payment system players. The two proposed circulars are already out for comments and suggestions from the...
For the first time in the reporting of the Bangko Sentral ng Pilipinas’ (BSP) Residential Real Estate Price Index (RREPI), residential property prices fell in the third quarter by 0.4 percent year-on-year due to weak demand brought on by the COVID-19 pandemic. On a quarter-on-quarter basis, RREPI...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said they are reviewing the issuance of GDP-linked bonds as new instrument to mobilize banks’ liquidity. Diokno said GDP-linked bonds could be used to expand or rearrange the distribution of liquidity circulating in the banking system...
The Bangko Sentral ng Pilipinas (BSP) has set the two-four percent inflation rate target for 2023 until 2024, the same goal range for 2021 and 2022, indicating stable consumer goods prices, as the economy, currently in recession, recovers from COVID-19 pandemic. “For 2023 to 2024, inflation would...
The central bank will print up to 45 million of the national IDs in 2021, almost half of the targeted population, according to a Bangko Sentral ng Pilipinas (BSP) official. BSP senior assistant governor and head of the Security Plant Complex (SPC) Dahlia D. Luna said they could produce this much,...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno reiterated Friday that the peso vis-à-vis the US dollar will continue to be “supported by fundamentals” in the “long run”. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno (MB file) And, he said that “over the...
Contributors to the Personal Equity and Retirement Account (PERA) grew by 50 percent in just three months after it went digital to reach as many investors and participants as possible, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. BSP Governor Benjamin E. Diokno...
The Bangko Sentral ng Pilipinas’ (BSP) 28-day securities was oversubscribed by 1.59 times during its Friday auction, its last for 2020. “The BSP offered and awarded in full P80 billion worth of 28-day bills in the last BSP Securities auction for the year amid increased demand for liquidity...
The World Bank has approved two loans to the Philippines to support the country's recovery efforts from the coronavirus pandemic, improve competitiveness, as well as build resilience against shocks and natural disasters. In a statement, the Washington-based lender, said it approved $900 million...
The central bank’s auction of term deposit facility (TDF) received P570.33 billion bids this week, lower than P644.81 billion last December 9 while yields fell ahead of the Bangko Sentral ng Pilipinas’ (BSP) monetary policy meeting on Thursday. The 7-day TDF was still offered at P170 billion,...
With increased online transactions due to the holidays, the Bangko Sentral ng Pilipinas (BSP) is reminding banks to remain vigilant against cyber attacks, specifically phishing or the fraudulent acquisition of sensitive data or information. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E....
