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Results of the central bank’s survey of private sector economists showed a lower 4.1 percent mean inflation forecast for 2021, down from its previous (March) survey of 4.3 percent. “Analysts expect inflation to gradually move towards the government’s target range in 2021, with risks to...

The peso closed  lower  at P50.34  to the US dollar  Friday, (July 23)  from P50.135 the previous day. The weighted average rate depreciated to P50.238  from P50.235. Total volume amounted to $804.6 million according to the Bankers Association of the Philippines. 

The peso closed  higher  at P50.135  to the US dollar  Thursday, (July 22)  from P50.35 the previous day. The weighted average rate appreciated to P50.235  from P50.312. Total volume amounted to $948.95 million according to the Bankers Association of the Philippines. 

The Bangko Sentral ng Pilipinas (BSP) has issued a strong, even severe, reminder to all banks to respect persons with disability (PWD) and to uphold the rights of PWDs as financial consumers and clients. BSP Memorandum No. M-2021-040, signed by BSP Deputy Governor Chuchi G. Fonacier last July 16,...

The peso closed  lower   at P50.34  to the US dollar Monday, (July 19)  from P50.235 last Friday.  The weighted average rate depreciated to P50.444  from P50.203. Total volume amounted to $810.99 million according to the Bankers Association of the Philippines. 

The local currency has remained one of the strongest among Asian countries despite the peso’s recent depreciation against the US dollar, the Department of Finance (DOF) said. Finance Undersecretary and Chief Economist Gil S. Beltran said the peso depreciated by 1.05 percent against the dollar...

The central bank has deferred the reporting of banks’ intraday liquidity, originally scheduled for June this year, to January 2022 which put off a much tighter monitoring of fund flows.  The Bangko Sentral ng Pilipinas (BSP) effectively delayed the transitory provision on selected reports...

The Bangko Sentral ng Pilipinas (BSP) posted P25.57 billion in net income as of end-April, up 125.68 percent year-on-year, still fueled by miscellaneous income.  Based on the BSP’s preliminary and unaudited statement of income and expense report , revenues expanded by 83.8 percent to P59.79...

The peso closed  lower  at P50.235  to the US dollar  Friday, (July 16)  from P50.22 the previous day. The weighted average rate appreciated to P50.203  from P50.279. Total volume amounted to $841.6 million according to the Bankers Association of the Philippines. 

The peso closed higher  at P50.22  to the US dollar  Thursday, (July 15) from P50.30 the previous day. The weighted average rate depreciated to P50.279  from P50.178. Total volume amounted to $1.409.66 billion according to the Bankers Association of the Philippines. 

The Bangko Sentral ng Pilipinas (BSP) has renewed a P540-billion provisional advances to the National Government for its fight against the COVID-19 pandemic, the fourth time that the Monetary Board extended the crisis response. BSP Governor Benjamin E. Diokno announced Thursday (July 15) that the...

The peso closed  lower  at P50.30  to the US dollar Wednesday ( July 14)  from P50.00 the previous day. The weighted average rate depreciated to P50.178  from P50.138. Total volume amounted to $1.173.61 billion according to the Bankers Association of the Philippines.