The national government has raised more than its offered amount of ₱25 billion through short-term debt papers, as demand from local creditors soared despite lower interest rates driven by expectations of further rate cuts in the coming months. At Monday’s auction on May 26, the Bureau of the...
Digital payment transactions via PESONET and Instapay increased by 31.2 percent to ₱1.85 trillion in April, from ₱1.41 trillion in the same month last year. This is equivalent to a ₱440-billion increase from April 2024, according to the latest Bangko Sentral ng Pilipinas (BSP) data....
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. said that further cuts in banks’ reserve requirement ratio (RRR) may happen next year as the central bank looks to ramp up its liquidity management and make the yield curve more reliable. “It might be for next year. We are trying to...
New Clark City (NCC), envisioned as a modern, sustainable metropolis north of Metro Manila, is on the cusp of welcoming a national institution: a new, comprehensive facility for the Bangko Sentral ng Pilipinas (BSP). This ambitious project of the BSP, with a target completion date of 2028,...
The Washington-based International Monetary Fund (IMF) has reaffirmed its positive outlook on the Philippines, projecting steady economy growth in the coming years and signaling that the Bangko Sentral ng Pilipinas (BSP) has room to ease interest rates further amid falling inflation. In a statement...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. said the central bank has plenty of room to cut key interest rates on the back of softer inflation, signaling a potential 50-basis-point (bp) cut by year-end. “So far, the hard data says we have plenty of room to cut, especially...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. expects President Ferdinand Marcos Jr. to reject the resignations of the economic team, arguing that the President’s dissatisfaction was not directed at the team, which he says operates very professionally. This came after the...
Bangko Sentral ng Pilipinas (BSP) Assistant Governor Zeno Ronald R. Abenoja was officially sworn in on Tuesday, May 20, as the new Deputy Governor for the Monetary and Economic Sector, succeeding Francis Dakila following his recent retirement. BSP Governor Eli M. Remolona Jr. administered the oath...
The Philippine banking industry reported a combined net profit of ₱101.9 billion in the first three months of 2025, up 10.6 percent from ₱92.1 billion a year earlier, driven by robust growth in net interest income amid higher interest earnings and better expense management. Data from the Bangko...
The Philippines’ balance of payments (BOP) deficit widened to $2.6 billion in April 2025, driven mainly by a larger trade in goods deficit and the government’s withdrawal of US dollar stock to settle foreign debt payments. According to the Bangko Sentral ng Pilipinas (BSP), the deficit in April...
The Bangko Sentral ng Pilipinas (BSP) and state-run Philippine Amusement and Gaming Corp. (PAGCOR) on Monday both issued alerts against scammers on instant messaging sites as well as social media. In a statement, the BSP warned against fraudulent Viber messages using the photo of Deputy Governor...
The Philippine banking system’s gross non-performing loan (NPL) ratio dropped to its lowest level in three months, as robust growth in total bank lending helped offset a slower rise in soured loans. The latest data from the Bangko Sentral ng Pilipinas (BSP) showed that the banking industry’s...
