Monetary Board keeps policy settings unchanged
The Philippine Monetary Board, at its meeting earlier this week, has decided to retain the Bangko Sentral ng Pilipinas (BSP)’s…
Latest BOP projection sees a sustained surplus in 2024, but it can pivot to a deficit position in 2025
More funds could soon be entering the country this 2024 but the same may probably not be maintained, leading to…
Monetary Board maintains policy settings in view of predicted El Niño return this year
Due to its location in the Pacific region, the Philippines has often experienced the adverse consequences of El Niño —…
Monetary Board approved US$3.32-B foreign borrowings of the public sector in Q4 of 2023
For the period October to December 2023, the Philippine Monetary Board has approved seven (7) public sector medium-to-long-term (MLT) foreign…
Newly-appointed Finance Secretary Recto joins PH Monetary Board as Cabinet representative
President Ferdinand R. Marcos, Jr. has recently designated Finance Secretary Ralph G. Recto as Cabinet representative to the Monetary Board…
BSP issues new rules on customer due diligence and Electronic Know-Your-Customer (e-KYC)
The Monetary Board has recently approved the amendments to the BSP’s customer due diligence (CDD) regulations, which include guidelines on…
BSP holds an appreciation ceremony in Cebu, cites six outstanding Visayan partner institutions
The Bangko Sentral ng Pilipinas (BSP) recently recognized six outstanding Visayan partner institutions during the Outstanding BSP Stakeholders Appreciation Ceremonies…
BSP chief sees “strong dollar period” coming to an end in 2023, to help lower inflation in PH
by Jan Michael Carpo, Reporter Despite predictions that inflation in the Philippines will start to decline beginning January next year,…
BSP vows to bring inflation back within target as Monetary Board raises policy rate by 75 basis points
Effective today, November 18, the Monetary Board said that the interest rate on the overnight reverse repurchase facility of the…
New BSP Circular requires thrift, rural banks with digital services to apply for a digital bank license
The Monetary Board, the BSP’s policy-making arm, recently approved Circular No. 1154 or the “Prudential requirements applicable to digital banks,”…