Despite potential price increases in some sectors, the Bangko Sentral ng Pilipinas (BSP) anticipates that the rate of increase in consumer prices will remain controlled and within the desired range this month. In a statement on Friday, Dec. 27, the central bank projected that December 2024...
The Bangko Sentral ng Pilipinas (BSP) is touting the success of its polymer banknotes, highlighting their significantly lower counterfeit rates in addition to environmental and practical benefits. In a statement on Thursday, Dec. 26, the BSP said that one of the key findings following the launch of...
The Philippine central bank’s third consecutive interest rate cut this year has prompted private sector economists to anticipate continued easing, citing sluggish economic growth and subdued inflation. On Dec. 19, the Monetary Board (MB) reduced the key borrowing cost by 25 basis points (bps),...
Senate Minority Leader Aquilino "Koko" Pimentel III is set to conduct a Senate inquiry in order to ask the Bangko Sentral ng Pilipinas (BSP) what caused the removal of national heroes from the design of new polymer banknotes. In a radio interview on DWIZ, Pimentel said that for the longest time,...
President Ferdinand R. Marcos, Jr. (left) and Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. applaud the First Philippine Polymer Banknote Series during its launch in Malacañang on Dec. 19, 2024. The familiar crinkle of a crisp paper bill, the faded ink from countless...
The Bangko Sentral ng Pilipinas (BSP) has introduced the First Philippine Polymer (FPP) Banknote Series featuring enhanced security and durability, which will be available in circulation starting the first quarter of 2025. On Thursday, Dec. 19, President Ferdinand R. Marcos Jr. led the unveiling of...
With inflation remaining within the government's target range and economic growth slowing, private sector economists expect that the Bangko Sentral ng Pilipinas (BSP) will further reduce its borrowing cost at its Dec. 19 meeting. According to the Bank of the Philippine Islands (BPI) and think tanks...
The Japan International Cooperation Agency (JICA) expects more small and medium enterprises (SMEs) in the Philippines to access financing more easily through its ongoing joint credit initiative with the Bangko Sentral ng Pilipinas (BSP). JICA Philippines and the BSP on Wednesday, Dec. 11, launched...
The Bangko Sentral ng Pilipinas (BSP) plans to showcase the critically endangered Ceratocentron fesselii orchid on its new polymer banknotes, an initiative that aims to improve security features and promote conservation awareness. In a Facebook post on Tuesday, Dec. 10, the BSP revealed plans to...
Singapore-based United Overseas Bank (UOB) anticipates the Philippine central bank will lower borrowing costs in December, citing manageable inflation and rising risks to economic growth. “Monetary policy is well-positioned for what lies ahead,” said Julia Goh, senior economist at executive...
The Philippines’ stock of US dollars declined to $108.465 billion at the end of November, down $2.618 billion from the previous month’s $111.083 billion after the government settled its maturing foreign currency loans. The end-November gross international reserves (GIR) level is higher than the...
With consensus expectations that inflation modestly accelerated in November, most economists polled by Manila Bulletin anticipate the Bangko Sentral ng Pilipinas (BSP) will proceed with cutting borrowing costs during its Dec. 19 policy meeting. Private-sector economists who are monitoring the...
