Tag: BANGKO SENTRAL NG PILIPINAS
Fitch Solutions sees another rate hike by BSP
Fitch Solutions Country Risk and Industry Research forecasts another 25 basis points hike in the central bank’s key rates in May, seen as the...
Balance of payment posts bigger deficit of $895B in February
The country’s overall balance of payments (BOP) position posted a deficit of $895 million in February 2023, which is higher than the $157 million BOP deficit recorded...
Inflation seen causing key rate hikes
The Bangko Sentral ng PIlipinas (BSP) is expected to raise its key rates by 25 basis points this week as domestic inflation remains elevated...
Personal remittances from overseas Filipinos reach $3 billion in January
Personal remittances from overseas Filipinos (OFs) reached $3.07 billion in January 2023, 3.5-percent higher than the $2.97 billion recorded in the same month last...
Economist sees recovery in foreign direct investments
A respected economist is optimistic on foreign direct investments (FDIs) to the Philippines recovering or rebounding given the continued recovery of the domestic economy.
The Bangko Sentral ng Pilipinas (BSP) reported...
PH foreign reserves seen as adequate despite slight decline
The country’s gross international reserves (GIR) remained strong amid the decline, and still a boost to the local currency and the country’s investment grade rating, according...
Moody’s Analytics sees another BSP rate hike
Moody’s Analytics sees the Bangko Sentral ng Pilipinas possibly raising interest rates by another 50 basis points due to high domestic inflation rate.
Last week, the Philippine Statistics...
Fintech group warns public of abuses by lending platforms
The Fintech Alliance PH on Tuesday warned the public to be wary of lending applications (apps) that violate the right to privacy.
This, as a...
BSP sees PH economy regaining post-pandemic vigor in 2022
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno forecasts
the Philippine economy regaining its previous vigor starting in the
last quarter of 2022.
“On the aggregate level,...
Inflation hits 4.9 percent in August
Rate of price increases accelerated to its fastest since January 2019
at 4.9 percent last August but the Bangko Sentral ng Pilipinas (BSP)
maintains that inflation...
