Once its "Project Agila" ends in January 2025, the Bangko Sentral ng Pilipinas (BSP) will craft a three- to five-year roadmap in preparation for a possible central bank digital currency (CBDC), a top official said. During a breakout session at the Philippine Institute for Development Studies'...
Beyond the potential for the Bangko Sentral ng Pilipinas (BSP) to ease monetary policy further, what are the broader implications of the US Federal Reserve's substantial 50 basis points interest rate cut? What effects could this have on the Philippine peso, exports (especially if the peso...
The financial industry remains a prime target for cyberattacks, despite the Bangko Sentral ng Pilipinas’ (BSP) new framework to enhance cyber resilience, a global cybersecurity and digital privacy company has warned. Kaspersky, a cybersecurity firm, reported that the finance sector...
Downward inflation augurs well for the Bangko Sentral ng Pilipinas' (BSP) monetary policy easing ahead of the US Federal Reserve, according to the think tank Capital Economics. In a Sept. 13 report, Capital Economics senior Asia economist Gareth Leather and assistant economist Harry Chambers noted...
By Derco Rosal As the Bangko Sentral ng Pilipinas (BSP) started to implement interest rate cuts, small business owners are feeling a wave of optimism. For entrepreneurs like Grace Sarmiento, who owns a hardware store in Cagayan, these changes could signify not just relief but also opportunity. The...
The total assets of the local banking system grew by 12.24 percent to P25.932 trillion as of end-July compared to same period last year of P23.104 trillion, supported by stable deposits, loans and investments. The asset growth enables Philippine banks to improve their lending and investing...
The Bangko Sentral ng Pilipinas (BSP) is planning to transition to a new inflation forecasting model in 2025 for better economic predictions, officials said on Monday, Sept. 9. Currently, the BSP relies on the Multi-Equation Model (MEM) and the Single Equation Model (SEM), which have shown strong...
As inflation falls, the Bangko Sentral ng Pilipinas (BSP) will further lower key interest rates at its next monetary policy stance meeting in October, according to the think tank Capital Economics. "The past week has brought more encouraging news on inflation, with August data showing that...
The Bangko Sentral ng Pilipinas (BSP) is more confident inflation will stay within the target band of two percent to four percent for the rest of the year after a “temporary uptick” in July. In a statement Thursday, Sept. 5, following the government’s announcement of a 3.3 percent August...
The Bangko Sentral ng Pilipinas (BSP) registered unrealized gains of P815.36 billion as of end-February this year due in part to its participation in the peso-US dollar spot market. BSP’s unrealized gains which under the BSP law is referred to as revaluation of foreign currency accounts, is 33.35...
Veteran banker Jose L. Querubin will take his oath of office on Thursday, Sept. 5, as the seventh member of the Monetary Board, the top policymaking body of the Bangko Sentral ng Pilipinas (BSP). Jose L. Querubin (Photo credit: Gawad Kalinga Canada) BSP Governor Eli M. Remolona Jr....
Dutch financial giant ING expects the Bangko Sentral ng Pilipinas (BSP) to continue cutting interest rates, given favorable inflation expectations for August and beyond. "Even though there is no evidence yet that the July tariff cuts have had much impact on consumer rice prices, the absence of any...
