Year-Ender Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno (MB file) The Bangko Sentral ng Pilipinas’ (BSP) nearly P2 trillion liquidity injection in the pandemic-hit financial system did what it’s supposed to do prop up confidence in the market amid the recession and uncertainty...
The Bangko Sentral ng Pilipinas (BSP) said the international investment position’s (IIP) net external liability is down by 64.9 percent to $4.8 billion as of end-September from end-June’s $13.6 billion. The BSP in a statement said the “steep decline” was due to the 6.3 percent increase to...
The central bank said Tuesday that the country’s external exposure has improved in the second quarter this year, it’s down to P670.5 billion compared to P1.8 trillion same period in 2019. The Bangko Sentral ng Pilipinas (BSP) said in a statement that the net external liability position...
The peso  closed  higher at P48.023  to the US dollar on Tuesday   the last trading day of the year  from P48.055 the previous day.  The weighted average rate appreciated  to P48.021 from P48.036.  Total volume amounted  to...
The Bangko Sentral ng Pilipinas (BSP) said $3.716 billion foreign portfolio net outflows for the first 11 months of the year were registered, 135.33 percent more withdrawals than what was reported same time in 2019 of $1.579 billion. For the month of November only, foreign portfolio investments or...
The Philippines’ balance of payments (BOP) surplus rose to $11.786 billion as of end-November, the Bangko Sentral ng Pilipinas (BSP) announced Monday. The BSP also reported the final gross international reserves (GIR) of $104.82 billion as of end-November. Photographer: Paul Yeung/Bloomberg file...
The government will continue to explore the issuance of securities indexed to inflation and the gross domestic product (GDP) to amplify economic growth and ensure liquidity. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said index-linked bonds – these are securities indexed to...
The Bangko Sentral ng Pilipinas (BSP) is increasing the fees it charge on banks’ deposits and reinstating fees for withdrawals of cash transactions as part of its Clean Note and Coin Policy (CNCP) and to improve the circulation of fit banknotes. Based on Circular No. 1106, the BSP is...
The Bangko Sentral ng Pilipinas (BSP) has made additional moves to strengthen financial market infrastructures against financial crises and for the implementation of a governance policy for payment system players. The two proposed circulars are already out for comments and suggestions from the...
For the first time in the reporting of the Bangko Sentral ng Pilipinas’ (BSP) Residential Real Estate Price Index (RREPI), residential property prices fell in the third quarter by 0.4 percent year-on-year due to weak demand brought on by the COVID-19 pandemic. On a quarter-on-quarter basis, RREPI...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said they are reviewing the issuance of GDP-linked bonds as new instrument to mobilize banks’ liquidity. Diokno said GDP-linked bonds could be used to expand or rearrange the distribution of liquidity circulating in the banking system...
The Bangko Sentral ng Pilipinas (BSP) has set the two-four percent inflation rate target for 2023 until 2024, the same goal range for 2021 and 2022, indicating stable consumer goods prices, as the economy, currently in recession, recovers from COVID-19 pandemic. “For 2023 to 2024, inflation would...
