BSP economists see fuel prices nudging up July inflation
Prices of consumer goods and services were expected to have risen between 2.2 to 3 percent in July — higher than the central bank’s forecast for June — due to…
BSP upgrades decade-old banknotes with easier to identify, harder to counterfeit designs
MANILA, Philippines — The central bank on Wednesday launched “enhanced” Philippine banknotes that it said we’re “more responsive to the needs of the elderly and the visually impaired”, and feature…
Duterte appoints two BSP Monetary Board members
Anita Linda R. Aquino and Bruce J. Tolentino MANILA, Philippines — President Rodrigo Duterte has named V. Bruce J. Tolentino and Anita Linda R. Aquino as full-time private sector representatives…
BSP eases credit curbs for banks providing bond market liquidity
MANILA, Philippines — The cap imposed by regulators that limits financial institutions’ exposures to too much credit risk from a single entity will be lifted temporarily for debt securities used…
Pandemic drove banks to narrow credit for first time in 11 yrs, says BSP survey
No thanks to the ongoing COVID-19 pandemic, Philippine banks tightened their loan standards unequivocally for the first time in the 11 years that the Bangko Sentral ng Pilipinas (BSP) has…
In another legal win for BSP, ex-owner of shuttered Laguna rural bank convicted of fraud
The central bank has scored another legal victory against erring bank officials after a court last month found the former owner of a shuttered Laguna-based rural bank guilty of fraud.…
BSP: PH’s long-term foreign investments continued sharp downtrend in April
MANILA, Philippines — The amount of long-term equity investments entering the Philippines from abroad declined sharply in April, extending a downtrend experienced in the first quarter, which the central bank…
BSP releases P10B into economy with reserve requirement cut for smaller banks
BSP Governor Benjamin Diokno. INQUIRER file photo / EARVIN PERIAS MANILA, Philippines — The central bank on Tuesday ordered the release of more liquidity into the local economy, this time…
BSP: P40.6B in loans granted to MSMEs during ECQ
MANILA, Philippines — Banks have granted a total of P40.6 billion in loans to help micro, small and medium enterprises (MSMEs) largely affected by the government’s imposition of enhanced community…
BSP sees spike in Pinoys’ owning financial accounts
Benjamin Diokno Almost a third of Filipinos now have financial accounts, up from slightly less than one-fourth of the population only two years ago—a level that is expected to rise…