Tag page - BSP

The central bank said it has registered $334.51 million of foreign portfolio net inflows in June, reversing the $235.14 million net outflows same time in 2020, as foreign investors continue to show confidence in the recovering economy although at slower pace than anticipated. The June net inflows,...

The country’s domestic claims of Other Financial Corporations (OFCs) went up by nine percent year-on-year to P6.815 trillion as of end-first quarter 2021 from P6.251 trillion due to higher claims from the private sector and depository corporations (DCs). OFCs are trust entities, private and...

The peso closed  higher  at P49.97  to the US dollar Friday, (July 30) from P50.305 the previous day.    The weighted average rate appreciated to P50.223  from P50.342. Total volume amounted to $1.364.56 billion according to the Bankers Association of the Philippines. 

The peso closed  higher  at P50.37  to the US dollar Wednesday,  (July 28) from P50.42 the previous day.    The weighted average rate depreciated to P50.39  from P50.338. Total volume amounted to $686.5 million according to the Bankers Association of the Philippines. 

The Bangko Sentral ng Pilipinas (BSP)-led Financial Stability Coordination Council (FSCC) will run its first report on the macroprudential stress test (MaPST) in the next two-three weeks to help financial regulators to have a more granular assessment of emerging systemic risks amid the COVID-19...

The peso closed  slightly lower  at P50.35  to the US dollar  Monday, (July 26) from P50.34 last Friday.  The weighted average rate depreciated to P50.341  from P50.238. Total volume amounted to $944.37 million according to the Bankers Association of the Philippines. 

The central bank is proposing to implement an internal audit function for trust corporations owned by group structures, either by a banking or a non-banking group setup. The Bangko Sentral ng Pilipinas (BSP) is currently circulating the draft circular amending regulations on the internal audit...

Results of the central bank’s survey of private sector economists showed a lower 4.1 percent mean inflation forecast for 2021, down from its previous (March) survey of 4.3 percent. “Analysts expect inflation to gradually move towards the government’s target range in 2021, with risks to...

The peso closed  lower  at P50.34  to the US dollar  Friday, (July 23)  from P50.135 the previous day. The weighted average rate depreciated to P50.238  from P50.235. Total volume amounted to $804.6 million according to the Bankers Association of the Philippines. 

The peso closed  higher  at P50.135  to the US dollar  Thursday, (July 22)  from P50.35 the previous day. The weighted average rate appreciated to P50.235  from P50.312. Total volume amounted to $948.95 million according to the Bankers Association of the Philippines. 

The Bangko Sentral ng Pilipinas (BSP) has issued a strong, even severe, reminder to all banks to respect persons with disability (PWD) and to uphold the rights of PWDs as financial consumers and clients. BSP Memorandum No. M-2021-040, signed by BSP Deputy Governor Chuchi G. Fonacier last July 16,...

The peso closed  lower   at P50.34  to the US dollar Monday, (July 19)  from P50.235 last Friday.  The weighted average rate depreciated to P50.444  from P50.203. Total volume amounted to $810.99 million according to the Bankers Association of the Philippines.