Anita Linda R. Aquino and V. Bruce J. Tolentino's names have been struck off the roster of Monetary Board members at the Bangko Sentral ng Pilipinas (BSP). Their removal was evident on the central bank's website on Tuesday, July 2, subsequent to reports indicating their resignation effective June...
President Marcos is expected to soon announce the appointment of two bankers to the highest policy-making body of the Bangko Sentral ng Pilipinas (BSP). Walter C. Wassmer Insiders told Manila Bulletin that Walter C. Wassmer, a veteran executive from BDO Unibank Inc., will likely join...
The country’s balance of payments (BOP) is seen to register a slight surplus this year, but will reverse into a deficit in 2025, based on the latest projections approved by the Monetary Board that incorporate most recent data and developments. “The emerging external outlook for 2024 and 2025 is...
Finance Secretary Ralph G. Recto said that the central bank’s Monetary Board (MB) will hold its policy meeting on Wednesday, Feb. 14, instead of the originally scheduled Thursday, Feb. 15. Recto, who represents the government on the MB, explained that the seven-member body decided to advance the...
BSP Governor Eli M. Remolona (left) swore in Finance Secretary Ralph G. Recto as a new member of the Monetary Board during a ceremony at the BSP headquarters in Manila on Monday, Jan. 22, 2024. Finance Secretary Ralph G. Recto has formally assumed the role of the government's representative to...
In his new position as a member of the Monetary Board, former Finance Secretary Benjamin E. Diokno is looking forward to a more balanced lifestyle that allows him the chance to pursue personal interests and strengthen his relationships with family and friends. On Friday, Jan. 12, Benjamin E....
Former Finance Secretary Benjamin E. Diokno is set to join the Monetary Board (MB), the policy-making body of the Bangko Sentral ng Pilipinas (BSP), a ranking government official announced. In a statement, Budget Secretary Amenah F. Pangandaman said on Friday, Jan. 12, that Diokno, a former central...
Benchmark yields for short-term loans were significantly higher this week amid the policy rate increase forcing the Bureau of the Treasury to partially borrow. At Tuesday's auction of Treasury bills on Oct. 31, the national government raised a total of P12.75 billion, below the P15 billion program....
The National Economic and Development Authority (NEDA) maintained its stance against a policy rate hike, emphasizing that inflation is primarily driven by supply-side factors. This is after Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said that an off-cycle hike may be implemented as...
Finance Secretary Benjamin E. Diokno said there is a global consensus that central banks, including the Philippines, have implemented sufficient interest rate hikes to address the escalating consumer prices. During the Chat with SBED briefing on Friday, Oct. 6, Diokno concurred with the assertion...
Former National Economic and Development Authority (NEDA) Secretary Dante Canlas has indicated his openness to the possibility of returning to government service, demonstrating a willingness to contribute once again to the public sector. There have been rumors circulating that Canlas is among the...
The appointment of Rosalia V. De Leon, a long-time national treasurer of the Philippines, to the top policy-making body of the central bank, is a recognition of her expertise and dedication to the financial sector. On Saturday, Sept. 2, the Presidential Communications Office announced De...
