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BANGKO SENTRAL ng Pilipinas (BSP) Governor Nestor A. Espenilla, Jr. got the third-highest rating for his first year as central bank chief, with the Global Finance magazine touting sustained economic growth while noting the weaker peso and a wider trade gap as setbacks.
BAD debt held by big banks grew further in July but remained subdued relative to the over 18% pace of loan growth, the central bank said.
THE CENTRAL BANK is eyeing to set up an online marketplace for the personal equity and retirement account (PERA), in a bid to attract more investments for the two-year-old savings scheme.
THE BANGKO SENTRAL ng Pilipinas (BSP) is readying a new measure that would ward off speculative players in the foreign exchange (FX) market, as the regulator searches for new ways to quell sharp swings in the daily peso-dollar trading.
THE COUNTRY’S current account balance reversed to a deficit in the second quarter, largely under the weight of a growing merchandise trade gap, making the first-semester shortfall hit the Bangko Sentral ng Pilipinas’ (BSP) full-year forecast and signalling more pressure ahead on an already beleaguered peso.
THE CENTRAL BANK decided to reduce offerings under the term deposit facility (TDF) amid robust lending and higher dollar demand, reflecting tighter liquidity in the market.
TERM DEPOSITS saw tepid demand yesterday to mark a second straight week of settling below offer, while yields maintained their ascent across all tenors.
ALL BANKS and other financial firms should be offering online fund transfer services by end-November, as the Bangko Sentral ng Pilipinas (BSP) flexes its muscle for more players to broaden their digital presence.
THE Bangko Sentral ng Pilipinas (BSP) said it is working with the Department of Education (DepEd) to incorporate financial literacy in the K-12 curriculum as a means to increase financial inclusion.
THE BANGKO SENTRAL ng Pilipinas (BSP) may opt to raise rates several times until 2019 to make local yields competitive, two global banks said, noting that such moves would also boost the peso and help arrest surging inflation.
THE CENTRAL BANK will likely raise interest rates by another 50 basis points (bps) in the coming weeks following faster-than-expected August inflation, a global research firm said, even as price pressures due to oil and food products are seen to ease.
THE Bangko Sentral ng Pilipinas (BSP) on Friday warned currency speculators, saying it will “take all actions necessary to deal with speculative activity by market participants,” as the peso hit its lowest level against the US dollar in more than 12 years.
THE Chamber of Thrift Banks (CTB) urged the Bangko Sentral ng Pilipinas (BSP) to push back the implementation of new liquidity requirements by a year as smaller lenders need more time to build up their capital, a top official said.
Financial services firm Credit Suisse said the local central bank needs to hike its interest rates by 50 basis points (bp) to dampen inflation...
THE Bangko Sentral ng Pilipinas (BSP) has sufficient leeway to hold fire on policy rates this month even with higher inflation in August, a bank analyst said.
THE OVERALL INCREASE in prices of widely used goods likely clock in around 5.9% in August — marking a fresh multiyear high — the Bangko Sentral ng Pilipinas (BSP) said in a statement on Friday, noting that food and utility costs maintained their ascent.
THE BANGKO SENTRAL ng Pilipinas (BSP) has given the government and businesses until next month to submit their offshore borrowing plans for 2019.
The Bangko Sentral ng Pilipinas (BSP) has given the government as well as private firms until next month to submit their offshore borrowing plans...
THE BANGKO SENTRAL ng Pilipinas (BSP) will not opt to set a fixed exchange rate for the peso, with its chief calling it a “dangerous” move for the economy.