The auction of Bangko Sentral ng Pilipinas (BSP) bills fetched a higher yield this week at 2.0367 percent or 0.94 basis point (bp) more than the previous 2.0273 percent, with tenders still exceeding the offer. The central bank offered P70 billion of 28-day BSP bills Friday, lower compared to...
In 2020-2022 (MANILA BULLETIN FILE PHOTO) The central bank’s September survey of private sector economists’ inflation expectations showed slightly higher mean inflation forecasts for 2020 and 2022 compared to the June survey. Based on the Private Sector Economists’ Inflation Forecasts,...
The central bank’s Senior Bank Loan Officers’ Survey (SLOS) for the third quarter showed banks continue to indicate “tighter” and unchanged overall credit standards for loans to enterprises and households. The SLOS reported that for loans to enterprises, the banks that have tighter lending...
The Bangko Sentral ng Pilipinas (BSP) is projecting the inflation rate to fall below the two-percent level for the last month of December extending up to January next year, but it is no reason to start adjusting interest rates. BSP Deputy Governor Francisco G. Dakila Jr. explained that inflation...
The Bangko Sentral ng Pilipinas (BSP) reported a net foreign portfolio investments outflows of $494 million in September, higher than the net outflows registered in August of $127 million. In September, total gross outflows amounted to $1.1 billion while gross inflows stood at $594 million. The BSP...
The National Government (NG) incurred an outstanding total debt of P9.369 trillion as of end-September, more than 18.5 percent or P1.46 trillion from same period last year of P7.907 trillion, according to data from the Bureau of the Treasury (BTr). Compared to end-August, the NG debt was down...
The Bangko Sentral ng Pilipinas (BSP) is set to print the first five million of the national ID cards this year, beginning in November. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno ( Bloomberg ) “Finally, it will soon to be a reality,” said BSP Governor Benjamin E. Diokno after...
The central bank did not change the volume of its term deposit facility (TDF) this week, still at P490 billion, while the yields for the two TDF tenors were higher on strong demand ahead of All Soul’s Day on November 2. The 28-day TDF is still absent in favor of the 28-day BSP bills which are...
The central bank’s long positions in foreign exchange (FX) swaps went up by $1.67 billion in July to August after reviving activity in the second half this year. The Bangko Sentral ng Pilipinas’ (BSP) FX swaps increased to $4.49 billion in August from $2.82 billion in July, and from $1 billion...
The Philippines posted a balance of payments (BOP) surplus of $6.878 billion as of end September, higher than same time last year of $5.567 billion, the Bangko Sentral ng Pilipinas (BSP) said on Monday. For the month of September only, the BOP surplus increased to $2.104 billion compared to the...
The Bangko Sentral ng Pilipinas’ (BSP) pandemic-related monetary financing must be something that the central bank will only consider as a last resort, an International Monetary Fund (IMF) official said. IMF Resident Representative to the Philippines Yongzheng Yang said this stressing that the...
The Bangko Sentral ng Pilipinas (BSP) is proposing to streamline the licensing and relax the independence requirements for securities custodians to increase the number of capital market players. The BSP wants to delete the term “third party” that refers to third party custodianship, and the...
