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....
The Bangko Sentral ng Pilipinas (BSP) has revealed a new logo, replacing the 10-year old current logo. This will be the third time since the 1993 New Central Bank Act charter created the BSP that its logo has been changed. The current logo was introduced in 2010. The BSP said the new logo is...
The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) cut the overnight reverse repurchase (RRP) facility by 25 basis points (bps) to two percent – the lowest policy rate on BSP record -- to boost market confidence and in support of economic recovery amid uncertainties of a...
The Securities and Exchange Commission (SEC) has approved an industry-specific framework for the preparation of the audited financial statements (AFS) of financial institutions to account for the regulatory relief measures extended to them during the pandemic. SEC Memorandum Circular No. 32, Series...
Philippine banks are not only strong but resilient enough to withstand the pandemic-hit financial market and to help prop up an economy in recession, said Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. “While the impact is still unfolding, the good news is that the financial...
