The Bangko Sentral ng Pilipinas (BSP) is pushing for faster approval of the crucial Financial Consumer Protection Act (FCPA) to update and better define the regulator or the central bank powers to protect consumers from abuses, errors and frauds. BSP Governor Benjamin E. Diokno said the new...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said he is not worried yet about an inflationary growth as the economy is trying to get off the ground on the back of a supply side-driven rising inflation. “Right now, inflation expectations are well-anchored but we continuously...
The peso closed lower  at P48.62  to the US dollar Thursday, (March 4)  from P48.48 the previous day. The weighted average rate  depreciated  to P48.573 from P48.531.  Total volume amounted  to  $817.23 million, according to the Bankers Association of...
The Bangko Sentral ng Pilipinas (BSP) is circulating three draft rules on the implementation of the recently-approved Financial Institutions Strategic Transfer (FIST) Act that includes proposed guidelines on eligibility issues and how banks’ soured assets will be treated under the new law. The...
Bangko Sentral ng Pilipinas (BSP) Deputy Governor Francisco G. Dakila Jr. said the term deposit facility (TDF) which had the same offer volume of P600 billion Wednesday, (March 3) continued to be oversubscribed at P645.75 billion. Both the 7-day and 14-day tenors were offered at P200 billion...
The peso closed higher at P48.48  to the US dollar Wednesday, (March 3)  from P48.565 the previous day. The weighted average rate  appreciated  to P48.531   from P48.571.  Total volume amounted  to  $1.094.75 million, according to the Bankers...
The central bank-monitored external debt service burden continued its decline, it fell by 15.49 percent year-on-year as of end-November 2020 to $6.452 billion from $7.635 billion. Based on Bangko Sentral ng Pilipinas (BSP) data, principal payments totaled $4.385 billion, down by 8.53 percent from...
The Bangko Sentral ng Pilipinas (BSP) is projecting that the inflation rate for the first three quarters of 2021 will stay above four percent before easing back to within the 2-4 percent target in the last three months of the year. “Barring additional supply side factors, inflation is projected...
The central bank’s auction of its single tenor 28-day Bangko Sentral ng Pilipinas (BSP) securities fetched a higher weighted average rate of 1.7303 percent last Friday, and fully awarding the P90 billion offer. BSP Deputy Governor Francisco G. Dakila Jr. noted that the yield was up by 6.201 basis...
The Bangko Sentral ng Pilipinas (BSP) is projecting inflation to rise to 4.7 percent in February versus 4.2 percent in January. BSP Governor Benjamin E. Diokno said the forecast range is a low of 4.3 percent to a high of 5.1 percent for the said month. Diokno, quoting the BSP’s Department of...
The Bangko Sentral ng Pilipinas (BSP) registered $97.92-million of net foreign portfolio investments inflows in January, reversing December 2020’s $523.86 million net outflows. The latest "hot money" net inflows also reversed the $486.10 million net outflows in January 2020. The BSP said...
The reorganization of the Bangko Sentral ng Pilipinas’ (BSP) currency and digital money sector will ensure the two payments system will continue to smoothly co-exist until the country is a completely cashless society, according to BSP officials. “My own forecast is that the use of old money...
