Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. has been awarded an “A-” rating in Global Finance magazine’s 2024 Central Banker Report Cards, marking him as one of the top central bank governors in world. In a statement on Monday, Aug. 26, the BSP announced that...
German financial services giant Deutsche Bank said that investment growth in the Philippines will likely remain constrained in the near term despite the upcoming easing of the central bank’s restrictive policies. In its Asia Macro Insights report published on Monday, Aug. 26, Deutsche Bank...
The Bangko Sentral ng Pilipinas (BSP) and the National Bank of Cambodia (NBC) agreed to fortify its cooperation and forge stronger bilateral ties in the areas of cybersecurity, payment systems, and digital innovation. In a ceremony held on 19 August 2024 in Siem Reap, Cambodia, Eli M. Remolona,...
As expected, the Bangko Sentral ng Pilipinas’ (BSP) Monetary Board has decided to reduce its target reverse repurchase (RRP) or policy rate by 25 basis points (bps) to 6.25 percent. The last time the BSP cut the benchmark rate was on Nov. 19, 2020, also by 25 bps from 2.25 percent to two percent....
The Bangko Sentral ng Pilipinas (BSP) is on track to issuing its own central bank digital currency (CBDC) sooner than anticipated after announcing the conclusion of the proof-of-concept phase by the end of this year. When asked if he can reconfirm if the BSP will be able to launch the CBDC within...
The Financial Stability Coordination Council (FSCC) sees substantial refinancing of maturing corporate bonds and loans this year as it weighs the impact of 'fresh uncertainties' overseas on the domestic economy. FSCC is an inter-agency council where the principals from the Bangko Sentral ng...
The Financial Stability Coordination Council (FSCC), which is led by the Bangko Sentral ng Pilipinas (BSP), is placing the strengthening the Philippine corporate bond market high on its list of priorities for 2024. The FSCC includes the Department of Finance, the Insurance Commission, the...
