The Bangko Sentral ng Pilipinas (BSP) said November inflation could hit a high of 3.2 percent from 2.5 percent in October due to the impact of bad weather on the supply and prices of food. The BSP forecasts a range of 2.4 percent to 3.2 percent for the November consumer price index. “Higher...
The Philippines has a balance of payments (BOP) surplus of $10.31 billion for the first 10 months, after a big $3.44 billion surplus in October, the Bangko Sentral ng Pilipinas (BSP) reported Thursday. The end-October BOP surplus was higher compared to same time last year of $5.73 billion. It was...
The Bangko Sentral ng Pilipinas (BSP) has approved the framework for digital banking in the country, creating a seventh bank category. “Digital banks will play an important role in the digital financial ecosystem,” said BSP Governor Benjamin E. Diokno in a statement Thursday. These banks, he...
For the first time during the pandemic, the Bangko Sentral ng Pilipinas (BSP) reported $439.46 million of foreign portfolio investments or hot money net inflows in October, reversing the $493.65 million net outflows in September and all other months of fund withdrawals since March this year when...
The central bank’s auction of term deposit facility (TDF) remained oversubscribed while yields dropped after the Monetary Board’s 25 basis points (bps) policy rate cut last week. Data from the Bangko Sentral ng Pilipinas (BSP) showed P602.03 billion tenders were submitted versus offer of P460...
The Bangko Sentral ng Pilipinas (BSP) has done enough and should be more careful in dispensing monetary stimulus or risk financial instability, according to an ex-central bank official. “Monetary policy should guard against itself,” said former BSP Deputy Governor Diwa C. Guinigundo,...
Focuses on non-inflationary growth Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno is ensuring a smooth normalization process as the Philippine shifts to the pandemic-induced “New Economy”, balancing money and credit growth, fiscal stimulus, low interest rates in a...
The guidelines and regulation for a digital banking sector in the Philippines will be ready this month, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. “I think it will be issued not later than the end...
The change in the Philippine central bank’s logo came as a surprise, if not as a shock. Let's see what the fuss is all about as netizens weigh in on the new logo. Indeed,...
Some P3.19 billion of COVID-19 financial crimes have been filed as suspicious transaction reports (STRs) from January to August this year, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. Photo credit: http://www.amlc.gov.ph/about-us Diokno, also chairperson of the...
The central bank’s auction of 28-day securities fetched a lower rate this week but had a higher bid volume of P123.80 billion. The Bangko Sentral ng Pilipinas’ (BSP) one-month bills was still being offered at P60 billion on Friday, and it received oversubscribed tenders which was higher than...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said the improved external sector accounts in the third quarter compared to the second quarter suggests that the worst is indeed over as far as the country’s inflows are concerned. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E....
