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Why Bangko Sentral redesigned P20, P5 coins

ABS-CBN News
Updated as of Jan 08 10:18 AM

The P20 coin will last for 10-15 years, compared to the P20 bill that it will replace, which lasts for 3 to 6 months, Diokno told ANC's Headstart. Read more »

Bangko Sentral to ensure security of digital transactions: Diokno

Cathy Yang, ABS-CBN News
Posted at Dec 21 06:44 AM

Digital banking “is safe” Bangko Sentral ng Pilipinas Governor Benjamin Diokno assured the public Friday as the government reviews existing regulations to enable further growth of electronic payments. Read more »

Diokno: Westpac transactions with Philippine banks 'very small'

Cathy Yang, ABS-CBN News
Updated as of Dec 20 03:20 PM

Only "small" amounts were transacted between Westpac and 10 Filipino banks, including Bank of the Philippine Islands, Diokno said in an exclusive interview with ANC.   Read more »

Bangko Sentral's Diokno signals 50-point interest rate cut in 2020

ABS-CBN News
Updated as of Dec 13 05:03 PM

The BSP kept the overnight borrowing rate at 4 percent during its last policy meeting for the year on Thursday, after slashing 75 basis points of the benchmark throughout 2019. Read more »

BSP pushes for digital services, microfinancing for small businesses

Jessica Fenol, ABS-CBN News
Updated as of Nov 27 07:26 AM

The BSP aims to improve the exposure of micro, small and medium enterprises’ (MSMEs) to loans by supporting policies for innovative services, Diokno said in a speech during the 17th Citi Microentrepreneurship Awards.  Read more »

Suspension of rice imports won't impact inflation, says Diokno

ABS-CBN News
Posted at Nov 20 07:00 PM

"...On prices naman, sinusewerte pa rin tayo, mababa pa rin ang long term forecast of oil prices, sinuswerte tayo all the way. So, we’ll have a nice Christmas," says BSP Gov. Ben Diokno.  Read more »

Bangko Sentral pauses interest rate cuts

ABS-CBN News
Posted at Nov 14 04:08 PM

The overnight borrowing rate, used by banks to price loans was kept at 4 percent. The Monetary Board last cut the benchmark by 25 basis points last Sept. 26, for a total of 75 basis points this year. Read more »

Inflation holds steady in October, below government target

ABS-CBN News
Updated as of Nov 05 11:12 AM

Governor Benjamin Diokno of the Bangko Sentral said Monday there would be no more cuts in the benchmark interest rate and the reserve requirement ratio or RRR for banks for the rest of 2019. Read more »

Diokno says 2020 inflation risks tilt to 'upside' due to swine fever, oil

ABS-CBN News
Updated as of Oct 25 11:37 AM

For the rest of 2019, Diokno said inflation would stay within the "lower half" of the BSP's 2 to 4 percent target.  Read more »

BSP monitors water situation, swine fever over possible effects on inflation

Vivienne Gulla, ABS-CBN News
Posted at Oct 23 08:14 PM

Bangko Sentral ng Pilipinas Governor Benjamin Diokno on Wednesday said he does not see water woes in Metro Manila as an upside risk to inflation. Read more »

Bangko Sentral cuts reserve requirement for banks by another 100 basis points

ABS-CBN News
Posted at Sep 27 06:27 PM

The reserve requirement for universal and commercial banks was trimmed to 15 percent from 16 percent, thrift banks to 5 percent from 6 percent, and rural banks to 3 percent from 4 percent. Read more »

BSP governor signals lower 2019 inflation forecast despite various risks

ABS-CBN News
Posted at Sep 25 11:41 PM

The Bangko Sentral ng Pilipinas is confident inflation will remain subdued despite external and domestic risks.  Read more »

Bangko Sentral to move coin, currency production to New Clark City

Warren de Guzman, ABS-CBN News
Updated as of Sep 13 11:38 AM

Construction of the 29-hectare facility in New Clark City is expected to finish before the end of President Rodrigo Duterte's term in 2022, Diokno told reporters. Read more »

Duterte signs law regulating Islamic banks

Arianne Merez, ABS-CBN News
Updated as of Aug 30 12:05 PM

President Rodrigo Duterte has signed a law on a regulatory framework for Islamic banking in the country following the creation of an expanded Bangsamoro Region. Read more »

Bangko Sentral probes potential fallout from POGO halt

ABS-CBN News
Posted at Aug 27 02:05 PM

The study by the BSP's Financial Stability team and the Anti-Money Laundering Council will focus on the impact of POGOs or Philippine Offshore Gaming Operations on property and consumer businesses, Diokno said. Read more »

Diokno says another 25-basis point rate cut coming by end-2019

Reuters
Posted at Aug 27 01:43 PM

Further cutting banks' reserve requirement ratio (RRR) is a "live issue," the regulator also said Read more »

BSP's Diokno: Banks' reserve requirement may be cut in September

Cathy Yang, ABS-CBN News
Posted at Aug 09 03:41 PM

A cut in the RRR, which would increase liquidity in the financial system, "is always on the table," Diokno said, adding his goal was to reduce it to "single digit" by the end of his term. Read more »

'Pro-growth' Diokno will 'do the right thing' on policy, Pernia says

ABS-CBN News
Posted at Aug 08 11:32 AM

Economists expect the BSP to resume its rate-cutting cycle later Thursday with a 25-basis point reduction in the benchmark borrowing rate. The country's GDP grew 5.5 percent in the second quarter, falling below the 5.9-percent media forecast of economists. Read more »

Duterte jokes on how Diokno wound up in the Bangko Sentral

ABS-CBN News
Updated as of Jul 22 10:09 PM

President Rodrigo Duterte joked that he got tired of being told there was no budget for his projects, and so he decided to "throw" his budget secretary to the central bank.  Read more »

Proposal for a P20 coin needs 'in-depth' deliberation, study: BSP

ABS-CBN News
Posted at Jul 19 08:19 PM

The Bangko Sentral ng Pilipinas on Friday said replacing the P20 bill with a coin entails "extensive and in-depth" deliberation amid reports that a coin version of one of the most common denominations could be released before the year ends. Read more »