Number of Filipinos having finance accounts growing, says BSP
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…
PH financial market distortions due to pandemic temporary, says BSP chief
The Philippine financial system remains strong and any damage that the COVID-19 pandemic has inflicted on it is temporary, according to the head of the country’s central bank. Bangko Sentral…
PH economy awash with cash, but lockdown crimped May loan growth, says BSP
MANILA, Philippines – Bank loans grew at a slower pace in May as the Philippine government’s quarantine measures meant to slow the spread of the coronavirus pandemic prevented more fresh…
BSP chief: COVID-19 pandemic shows ‘increasing importance’ of digital transactions
MANILA, Philippines — The ongoing COVID-19 pandemic highlighted the “increasing importance” of digital transactions in the country, Bangko Sentral ng Pilipinas (BSP) Governor Ben Diokno said Wednesday. In a pre-State…
BSP ramps up digital campaign to wean Pinoys off cash payments
The central bank wants to see more Filipinos making transactions through electronic payments, given the health risks posed by the coronavirus pandemic to cash transactions—but said that, for this to…
BSP ramps up campaign to wean more Filipinos off cash transactions
The central bank wants to see more Filipinos making money transactions through electronic payments, given the health risks posed by the coronavirus pandemic to cash transactions. It said, however, that…
BSP vows gradual unwinding of relief measures in post-pandemic PH economy
MANILA, Philippines – The central bank’s generous support measures to buttress the Philippine economy and stabilize the financial system during the ongoing coronavirus pandemic will stay for as long as…
BSP prepares to issue its own IOUs by Q3
MANILA, Philippines — The central bank on Wednesday took another step closer toward issuing its own bonds, which will allow it to better regulate the amount of liquidity in the…
35-day T-bill rate fell to lowest-ever after hefty BSP easing
MANILA, Philippines — The Bureau of the Treasury on Tuesday sold P15 billion in 35-day T-bills at 1.684 percent, the lowest-ever rate for the short-dated securities revived at the height…
BSP surprise: 50 bps cut to bring key interest rate to lowest level in history
The central bank on Thursday (June 25) cut its key interest rates to their lowest levels in history in a bid to buttress the Philippine economy that has been battered…