Inflation forecast adjusted upwards The central bank’s Monetary Board decided today (February 11) to keep policy settings unchanged but adjusted the inflation forecast for 2021 higher as it sees consumer price index remaining elevated for most of this year due to supply side shocks. Bangko...
The Bankers Association of the Philippines (BAP) on Wednesday said the adoption of the ATM pricing method using acquirer-based fee principle will offer more competitive rates. “We are appreciative of the BSP’s (Bangko Sentral ng Pilipinas) move to adopt this pricing philosophy that is market...
The central bank reallocated the 7-day term deposit facility (TDF) volume to the 14-day TDF this week but the results were still mixed, in both tenders and yields. The Bangko Sentral ng Pilipinas (BSP) offered P210 billion for the 7-day tenor on Wednesday, lower than the previous P240...
The Philippine stock market gained a little more ground as investors are cautiously becoming more optimistic because of developments here and overseas. PSE file photo The benchmark PSEi moved up 16.60 points or 0.24 percent to close at 7,082.15 although the Financials and Industrial counters...
The Bangko Sentral ng Pilipinas (BSP) has issued an advisory warning banks and non-banks to be alert and detect clients or customers that are engaged in illegal online gambling and to report these activities to the proper government agencies including the central bank. BSP memo (Circular Letter No....
The local stock market chalked up some gains as losers investors were encouraged by a new US stimulus package and the arrival of vaccines in the Philippines. The main index rose 41.07 points or 0.59 percent to close at 7,065.55 with sectoral indices evenly mixed. Volume improved to 30.44 billion...
The central bank’s Monetary Board is not expected to move the key rate when it meets for its first policy review for 2021 on Thursday, according to Moody’s Analytics Asia Pacific. “The Philippines’ central bank is expected to keep its key policy rate unchanged at two percent at its...
The Philippine government has partnered with BDO Unibank Inc. and US Agency for International Development (USAID) to launch a massive financial education campaign among fishermen nationwide. A statement released on Monday showed that the Department of Agriculture (DA), through the Bureau of...
The PSEi managed to wipe out early losses to end in positive territory as investors were quick to buy back shares. The main index inched up by 5.30 points or 0.08 percent to close at 7,024.48 with only the Property and Holding Firms counters retreating. Volume improved to 29.55 billion shares worth...
The Bangko Sentral ng Pilipinas (BSP) has lowered the minimum size of investment management account (IMA) held by banks and non-banks to just P100,000 from P1 million. The BSP’s Monetary Board approved Circular No. 1109 during its regular meeting last week. The new circular not only reduced the...
The auction of Bangko Sentral ng Pilipinas’ (BSP) 28-day bills had a higher offer of P120 billion last Friday and it was fully awarded with tenders amounting to P148.81 billion. The bids were lower compared to January 29’s P150.90 billion. The offered volume previously was P100 billion....
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said the expected rising inflation – mainly temporary and are coming from supply-side pressures -- does not warrant a monetary policy response, at least not yet. “The projected uptrend in inflation is seen to be temporary,”...
