Bangko Sentral ng Pilipinas (BSP) Deputy Governor Francisco G. Dakila Jr. said the term deposit facility (TDF) which had the same offer volume of P600 billion Wednesday, (March 3) continued to be oversubscribed at P645.75 billion. Both the 7-day and 14-day tenors were offered at P200 billion...
The Bangko Sentral ng Pilipinas (BSP) will formally announce on Wednesday that financial digitalization and e-money expert, Mamerto E. Tangonan, a BSP outsider, is its new deputy governor. Tangonan, currently chief of party of the e-peso project of US Agency for International Development...
The Bangko Sentral ng Pilipinas (BSP) has issued an advisory warning banks and non-banks to be alert and detect clients or customers that are engaged in illegal online gambling and to report these activities to the proper government agencies including the central bank. BSP memo (Circular Letter No....
The central bank’s term deposit facility (TDF) auction was still oversubscribed but results were mixed while yields continue to decline. “There was a slight undersubscription in the 7-day TDF, receiving bids 0.88x the offer volume. Meanwhile, the 14-day TDF was oversubscribed with bids 1.16x...
Economists surveyed by the Bangko Sentral ng Pilipinas (BSP) have adjusted its inflation expectation higher for 2021 but steady for 2022, while the BSP continue to communicate its intention to maintain low borrowing rates. Based on the central bank’s latest Private Sector Economists’...
The Bangko Sentral ng Pilipinas (BSP) said it has fully awarded its 28-day bills offered at P100 billion. The BSP securities auction received P162.80 billion tenders on Friday, lower than January 15’s P167.25 billion bids. The BSP bills fetched a lower average rate this week of 1.6362 percent...
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...
With increased online transactions due to the holidays, the Bangko Sentral ng Pilipinas (BSP) is reminding banks to remain vigilant against cyber attacks, specifically phishing or the fraudulent acquisition of sensitive data or information. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E....
The Bangko Sentral ng Pilipinas (BSP) is proposing the creation of an Open Finance Oversight Committee (OFOC), an industry-led self-governing body, as part of the country’s open finance framework. BSP Governor Benjamin E. Diokno ( Bloomberg file photo) Based on the draft circular on open finance,...
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 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 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...
