The International Monetary Fund (IMF) is urging the Bangko Sentral ng Pilipinas (BSP) to strengthen its bank resolution and crisis management policy beginning with the “too big to fail” banks for early intervention and timely remedial action, making it easier to release emergency liquidity...
The auction of the Bangko Sentral ng Pilipinas (BSP) securities or bills continued to be oversubscribed along with the downtrend in rates. BSP bills auctioned reached with P114.18 billion worth versus offer of P80 billion. The average rate for the 28-day BSP bills are still on the downtrend, it...
The Bangko Sentral ng Pilipinas (BSP) said there were no releases or zero rediscounting loans for the first quarter of 2021 due to banks’ excess liquidity because it is not actively lending to corporates and households. Banks prefer to place or park their funds in BSP’s open market operations,...
The Bangko Sentral ng Pilipinas (BSP) is planning on putting up an electronic or e-money protection fund in case the bank or non-bank holding the e-money has liquidity issues. The BSP is currently studying the e-money fund protection scheme and is expected to soon release findings and...
The Bangko Sentral ng Pilipinas (BSP) will be adding the fiscal and external sectors such as the balance of payments to the list of variables in its policy analysis model for its future decisions and regular forecasting exercises. This will also give BSP a better handle on the short-term outlook...
The country’s net external liability, or its debtor position, versus the rest of the world (ROW) has dropped to P140.7 billion as of end-third quarter 2020, a huge decline from same time in 2019 of P1.5 trillion, based on the central bank’s latest Balance Sheet Approach (BSA) report. The Bangko...
Credit cardholders will pay lower credit card dues for the entire year after the Bangko Sentral ng Pilipinas (BSP) extended the two-percent per month or 24 percent per year ceiling on interest rate or finance charge on unpaid outstanding credit card balance. BSP Governor Benjamin E. Diokno (Credit:...
The Bangko Sentral ng Pilipinas (BSP) issued a public warning Thursday to beware of forged BSP documents being passed off by scammers or criminals to dupe financial consumers. “The BSP warns the public against individuals or groups presenting fake documents which they claim to be under the...
Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno said banks can increase ATM withdrawal fees up to P18 only, the cap they are imposing now, as well as a P2.50 ceiling for balance inquiry charges. Based on the acquirer-based ATM fee charging (ABFC), which started April 7, banks will impose...
The outlook and sentiments of Filipino businessmen remained on the optimistic side for the first half of this year and even in the next 12 months despite increased COVID-19 cases and potential slowing of vaccine supply, according to a Bangko Sentral ng Pilipinas (BSP) quarterly survey conducted...
The peso closed  higher  at P48.54  to the US dollar Thursday, (April 8) from P48.585 the previous day.  The weighted average rate  depreciated  to P48.579 from P48.576. Total volume amounted  to  $659.28 million, according to the Bankers Association of the...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno on Tuesday, (April 6) reiterated his call for government’s timely interventions to prevent the spillovers of inflation supply side pressures to higher transport costs. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno (MB...
