The country’s low inflation environment provides the Bangko Sentral ng Pilipinas (BSP) the adequate legroom to keep its interest rates steady to support economic recovery, the Department of Finance (DOF) said. Based on the latest DOF economic bulletin, Finance Undersecretary and Chief Economist...
The central bank’s auction of its 28-day BSP bills fetched a higher rate and bigger volume this week, based on results from the Bangko Sentral ng Pilipinas (BSP). The 28-day securities was offered higher at P60 billion on Friday versus P50 billion last week. It remained oversubscribed with...
The Bangko Sentral ng Pilipinas (BSP) will set a limit to the number of online-only banks, which have lower capitalization requirement. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno ( Bloomberg file photo) BSP Governor Benjamin E. Diokno said many banks have expressed interests to...
The central bank’s auction of term deposit facility (TDF) attracted P677.99 billion tenders on Wednesday against offer of P480 billion, while yields have mixed results. Bangko Sentral ng Pilipinas (BSP) Deputy Governor Francisco G. Dakila Jr. continues to observe “ample” financial system...
An applicant digital bank in the Philippines will be required to have a minimum capitalization of P1 billion, according to a revised Bangko Sentral ng Pilipinas (BSP) proposed guidelines on the setting up of digital banks. This was higher than earlier proposed of P400 million for a basic digital...
The banking sector’s trust holdings declined by 7.79 percent in the first quarter this year to P2.449 trillion from P2.656 trillion same time in 2019, data from the Bangko Sentral ng Pilipinas (BSP) said. The big banks or the universal and commercial banks accounted for P2.425 trillion of the...
The Bangko Sentral ng Pilipinas (BSP) is amending the guidelines for banks’ operational risk management particularly on “people risk” and is proposing to adopt more rigid rules on human resource-related risk. The BSP wants stricter recruitment and selection of banks’ personnel as well as...
The Bangko Sentral ng Pilipinas (BSP) has extended for the third time the temporary relief measures for its rediscount facilities until January 31 next year. The previously granted temporary measures lapsed on September 30. This is the third time that a fixed rediscount term as relief to banks has...
The auction of the Bangko Sentral ng Pilipinas’ (BSP) 28-day BSP Bill remained oversubscribed with a liquidity-heavy market while its average rate stayed put where it was a week ago. On Friday, the third week of the one-month BSP security auction, the BSP offered P50 billion and received tenders...
The Securities and Exchange Commission (SEC) wants the Bangko Sentral to also put a limit on charges for consumer and payday loans offered by lending and financing companies. This after the Commission hailed the central bank’s move to put an annual interest rate ceiling of 24 percent...
The Bangko Sentral ng Pilipinas (BSP) has approved the National Government’s request for a P540 billion advances for budget gap financing due to COVID-19 pandemic expenses. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno ( Bloomberg file photo) BSP Governor Benjamin E. Diokno said...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said inflation in September could be lower at 2.2 percent, lower than August’s actual 2.4 percent rate. According to Diokno, the BSP’s Department of Economic Research (DER) has projected range of a low of 1.8 percent for September...
