The peso closed higher at P47.98 to the US dollar Thursday, (May 6)  from P48.025 the previous day. The weighted average rate appreciated to P47.979 from P48.027. Total volume amounted to $978.05 million, according to the Bankers Association of the Philippines.
The central bank’s term deposit facility (TDF) has a higher offered volume this week of P510 billion versus P490 billion on April 28, but yields were still down as banks await the decision of the Monetary Board’s policy meeting next Thursday. Based on Bangko Sentral ng Pilipinas (BSP) numbers,...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said inflation expectations remain well-anchored to the two-four percent BSP target despite above four-percent inflation since January. Diokno, quoting the central bank's Department of Economic Research (DER) on the 4.5 percent April...
The peso closed higher at P48.025 to the US dollar Wednesday, ( May 5)  from P48.038 the previous day. The weighted average rate appreciated to P48.027 from P48.043. Total volume amounted to $1.200.48 billion, according to the Bankers Association of the Philippines.
The Bangko Sentral ng Pilipinas (BSP) will still implement a reduced term spread on its rediscounting facility to zero until end-July this year, but the use of credit instruments granted a grace period under the Bayanihan law are no longer accepted. This means that the term spread on peso...
The central bank’s Monetary Board has approved $2.84 billion worth of public sector foreign borrowings in the first three months of 2021, up by 19.36 percent from same time last year of $2.38 billion. In a statement Monday, (May 3) the Bangko Sentral ng Pilipinas (BSP) said a large portion of the...
The Bangko Sentral ng Pilipinas (BSP) is extending and adding other relief measures to ensure the uninterrupted operation of both banks and non-banks amid the COVID-19 public health crisis. BSP Governor Benjamin E. Diokno said these enhancements to operational relief measures allow BSP supervised...
The Bangko Sentral ng Pilipinas (BSP) is waiving the service fees it apply to new and fit 200-piso banknotes to encourage banks and its clients to use it more. “We’re incentivizing the use of 200-piso since we have a huge inventory,” said BSP Governor Benjamin E. Diokno on Monday. Due to the...
The peso closed higher at P48.05 to the US dollar Monday, (May 3) from P48.10 last Friday.   The weighted average rate appreciated to P48.088 from P48.156. Total volume amounted to $885.2 million, according to the Bankers Association of the Philippines.
The national government’s borrowing breached the P1-trillion mark in the first-quarter of the year as the Duterte administration takes advantage of low interest rates in bridging the wider gap between its expenditures and revenues. Data from the Bureau of the Treasury showed that gross borrowings...
The inter-agency Financial Stability Coordination Council (FSCC) could do more defensive strategy to support its monitoring of systemic risks and policy interventions to preempt any more COVID-19 shocks in the financial system. “We see the surveillance or monitoring as a very important core...
The country’s e-payment transactions surged by 129 percent to P5.5 trillion in just three months or as of end-March this year from P2.4 trillion at the close of 2020, according to Philippine Payments Management Inc. (PMMI) chairman Justo A. Ortiz. “The running rate from first quarter 2021 data...
