The Bangko Sentral ng Pilipinas (BSP) auction of term deposit facility (TDF) this week attracted lower average rates ahead of the BSP’s monetary policy meeting on Thursday (June 24). The BSP offered lower TDF volumes this week of P520 billion from the previous week’s P530 billion. The total...
The central bank reported a higher balance of payments (BOP) deficit of $1.627 billion in the first five months after incurring a $1.397 billion shortfall for the month of May. The end-May BOP deficit is a reversal of the $4.029 billion surplus recorded in the same period last year. The Bangko...
The peso closed lower at P48.805 to the US dollar  Wednesday, (June 23) from P48.70  the previous day.  The weighted average rate depreciated to P48.791 from P48.717. Total volume amounted to $1.103.42 billion according to the Bankers Association of the Philippines.
British giant HSBC said the Bangko Sentral ng Pilipinas (BSP) will likely start raising its benchmark rate within the first quarter of 2022 and to increase it three times, bringing the current two percent policy rate to 2.75 percent by the end of next year. HSBC managing director and chief...
The peso closed lower at P48.695 to the US dollar  Monday, (June 21) from P48.43 last Friday. The weighted average rate depreciated to P48.63 from P48.387. Total volume amounted to $1.338.5 billion according to the Bankers Association of the Philippines.
The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) is expected to leave its policy rate steady at two percent during Thursday’s policy meeting, according to Moody’s Analytics. “The near-term prospects remain worrisome for the Philippines as the country copes with an intense domestic...
The Bangko Sentral ng Pilipinas (BSP) said it has absorbed P2.1 trillion of market liquidity or excess money as of end-March to help keep inflation down. Its term deposit facility (TDF) continues to be the BSP’s main liquidity management tool and as the BSP mops up more liquidity in the system,...
The Philippines’ external debt increased by 19.19 percent year-on-year or by $15.63 billion as of end March to $97.047 billion from $81.421 billion as the government accumulated foreign loans for anti-pandemic response and budget financing. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E....
The Bangko Sentral ng Pilipinas (BSP) reported a higher net income of P25.40 billion end-March, boosted by a significant miscellaneous income growth. The BSP’s net income was up by 156 percent compared to same period last year of P9.92 billion, based on its latest statement of income and expense....
The Bangko Sentral ng Pilipinas (BSP) has approved the guidelines for the Open Finance Framework, touted as the “key enabler for digital transformation and financial inclusion” in the country. “Open Finance is definitely not a sprint but a marathon,” BSP Governor Benjamin E. Diokno said...
The Bangko Sentral ng Pilipinas (BSP) is conducting a corporate income monitoring survey to help in its review of the private sector’s capacity to pay debts – among other financial issues – and to also assess the magnitude and extent of the pandemic’s impact in the corporate sector. “It...
The auction of Bangko Sentral ng Pilipinas (BSP) 28-day securities continued to be oversubscribed with a rising yield, according to BSP Deputy Governor Francisco G. Dakila Jr. The BSP offered P100 billion BSP bills last Friday, and it received P140.53 billion tenders. The bids were lower compared...
