The country's financial transactions with the rest of the world registered a deficit in March this year due to the national government meeting its obligations for overseas debts and the central bank's activities in the foreign exchange market. The Bangko Sentral ng Pilipinas (BSP) reported on...
The Economist Intelligence Unit (EIU) expects the Bangko Sentral ng Pilipinas (BSP) to cut key interest rates by an additional 100 basis points (bps) for the remainder of 2025 to arrest potentially slower economic growth as a result of the intensifying global trade war. "The BSP has room to...
The Philippine financial system’s total resources expanded by ₱2.28 trillion as of end-February, driven mainly by a double-digit jump in bank lending and lower interest rates, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP). The latest BSP data showed that the combined...
The Bangko Sentral ng Pilipinas (BSP) is expected to immediately follow through on last week's 25-basis-point (bp) cut in key interest rates with a similar reduction at its next policy meeting on June 19. "For now, we maintain our view for the BSP's next 25-bp rate cut in June, but it remains...
With the Bangko Sentral ng Pilipinas (BSP) resuming cuts on borrowing costs, private-sector economists expect the central bank to slash the key interest rate by an additional three-quarter point by the end of 2025. This followed the Monetary Board (MB) decision to reduce the policy rate by 25 basis...
Although recovering from the 11-year-low inflows in December last year, foreign-led brick-and-mortar investments at the start of 2025 declined by 20 percent to $731 million, according to the Bangko Sentral ng Pilipinas (BSP). The latest BSP data released on Thursday, April 10, showed that foreign...
As we, in this part of the hemisphere, were sleeping, the other side of the trading world was greeted with a surprise proclamation that the United States’ (US) reciprocal tariff on 185 economies, including the Philippines but excluding China, will be put on hold for 90 days. Yes Virginia,...
The Bangko Sentral ng Pilipinas (BSP) is expected to finally push through with its much-awaited reduction in key interest rates to protect the economy from the likelihood of a wider negative outlook gap, no thanks to United States (US) President Donald Trump's reciprocal tariffs. In an April 4...
The Bangko Sentral ng Pilipinas (BSP) reported that the local banking system’s gross non-performing loan (NPL) ratio remained unchanged in February, as faster loan growth offset the rise in bad loans. The latest data from the BSP showed that the banking industry’s gross NPL ratio steadied at...
The Philippines’ gross international reserves (GIR) or United States (US) dollar stock declined to $106.2 billion, or about ₱6.1 trillion, as of end-March, the Bangko Sentral ng Pilipinas (BSP) reported. This level decreased by $1.2 billion, or over one percent, from February’s $107.4...
United States (US) President Donald Trump's reciprocal tariffs on the Philippines could further slow the already subpar economic growth expected this year, according to DBS Bank Ltd. of Singapore. In an April 7 report, DBS Group Research chief economist Taimur Baig and senior economist Radhika Rao...
While Citi anticipates the Bangko Sentral ng Pilipinas (BSP) to resume cutting key borrowing costs by 25 basis points (bps) at its April 10 policy meeting, March’s low inflation, coupled with global trade risks, could prompt the central bank to further reduce rates sooner than expected. March’s...
