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Banks still 'upbeat' but expect bad loans to remain high: BSP

ABS-CBN News
Posted at Jul 21 07:02 PM

The Bangko Sentral ng Pilipinas said Wednesday the banking industry remains optimistic despite forecasting the bad loan ratio remaining high in the short term. Read more »

Bayanihan 3 won't improve PH credit ratings prospects: BSP chief

ABS-CBN News
Updated as of Jul 18 11:03 PM

Bayanihan 3 will not help the Philippines improve its credit ratings standing, the head of the Bangko Sentral ng Pilipinas said on Sunday.  Read more »

Delta variant spread could delay Fed policy shift: BSP chief

Warren de Guzman, ABS-CBN News
Posted at Jul 15 05:06 PM

The spread of COVID-19’s delta variant could delay moves by the US Federal Reserve to shift monetary policy, the head of the Bangko Sentral ng Pilipinas said on Thursday. Read more »

Philippines set for rebound, pandemic impact 'transitory' - economic managers

Reuters
Updated as of Jul 12 11:00 PM

The Philippines is set for an economic rebound, with medium-term growth prospects on solid footing, its economic managers said on Monday, after Fitch Ratings affirmed the country's investment-grade score but downgraded its outlook to negative. Read more »

Bangko Sentral says recent peso weakness not cause for worry

Warren de Guzman, ABS-CBN News
Posted at Jul 08 04:23 PM

The Philippine peso's recent depreciation versus the US dollar is cause for concern, the head of the Bangko Sentral ng Pilipinas said on Thursday. Read more »

PH measures 'not sufficient' as country slips back into dirty money gray list: BSP

ABS-CBN News
Posted at Jun 28 05:26 PM

The central bank chief said the country needs time to implement these laws to demonstrate the effectiveness of anti-money laundering and counter-terrorism financing measures.  Read more »

Bangko Sentral to keep benchmark rate at record low: Reuters poll

Reuters
Posted at Jun 24 01:28 PM

The poll comes after BSP Governor Benjamin Diokno's recently said monetary policy would remain accommodative as long as necessary, brushing aside for now any implications if the US Federal Reserve opts for policy tightening. Read more »

Inflation to fall back within target this year instead of 2022: BSP Gov

ABS-CBN News
Posted at Jun 14 12:26 PM

Inflation could settle within the government target this year instead of next year as the vaccination rollout progresses, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Monday. Read more »

‘Too big to fail’ banks remain on solid footing despite pandemic: BSP

Warren de Guzman, ABS-CBN News
Posted at Jun 10 08:56 PM

The Bangko Sentral ng Pilipinas said it is monitoring the health of banks considered “too big to fail” but sees no cause for worry despite the disruptions caused by the COVID-19 pandemic. Read more »

SEC backs changes to bank secrecy law

ABS-CBN News
Posted at Jun 10 04:26 PM

The Securities and Exchange Commission said Thursday it is backing amendments to the Bank Secrecy Law to help its efforts against financial crimes. Read more »

BSP opens design competition for new complex at New Clark City

ABS-CBN News
Posted at Jun 08 12:33 PM

The Bangko Sentral ng Pilipinas will open Tuesday the design competition for its new complex in New Clark City, its chief said.   Read more »

Philippines 'ready' if US increases interest rates: central bank

ABS-CBN News
Posted at Jun 08 10:41 AM

The Philippines is ready should the United States increase its interest rates, the central bank said Tuesday. Read more »

Opening up PH economy 'good,' says BSP after approval of economic cha-cha

ABS-CBN News
Updated as of Jun 08 10:32 AM

Opening up the country's economy to foreign investors is "by and large good," the Bangko Sentral ng Pilipinas said Tuesday on proposals to loosen restrictive economic provisions in the Constitution. Read more »

Bangko Sentral ng Pilipinas ready for any US Fed policy adjustment: Diokno

ABS-CBN News
Posted at Jun 03 06:02 PM

The Philippines is ready for any kind of monetary policy adjustment by the US Federal Reserve, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Thursday. Read more »

Philippines likely to keep credit ratings despite global downgrades: BSP chief

ABS-CBN News
Updated as of May 31 11:00 AM

With a stable outlook, the Philippines is likely to sustain its current credit ratings even for as long as 24 months, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Monday. Read more »

S&P Global Ratings affirms Philippines' investment grade BBB+ rating

ABS-CBN News
Posted at May 27 08:40 PM

Debt watcher S&P Global Ratings affirmed on Thursday the Philippines’ investment-grade credit rating of BBB+ with a stable outlook, saying the country’s economy was beginning to recover from the disruptions of the COVID-19 pandemic.    Read more »

BSP chief says Philippines won’t exceed debt thresholds

Warren de Guzman, ABS-CBN News
Posted at May 20 05:03 PM

The Philippines' debt situation is under control and the country will not exceed its borrowing threshold, the head of the Bangko Sentral ng Pilipinas said on Thursday.  Read more »

Bangko Sentral says GIR level hit $107.25 billion in April

ABS-CBN News
Updated as of May 14 03:58 PM

The Philippines' gross international reserves (GIR) level reached $107.25 billion as of the end of April, the Bangko Sentral ng Pilipinas said Friday. Read more »

BSP's Diokno now highest paid among Cabinet, GOCC officials: COA report

Adrian Ayalin, ABS-CBN News
Updated as of May 12 05:53 PM

Bangko Sentral ng Pilipinas Governor Benjamin Diokno is now the highest-paid official among Cabinet members and Government-Owned and Controlled Corporations officials. Read more »

Bangko Sentral keeps key rate steady to support recovery

ABS-CBN News
Updated as of May 12 09:01 PM

The BSP kept its overnight reverse repurchase rate at a record low of 2 percent as the Philippines continued to struggle with the surge in COVID-19 cases that threatens economic recovery.  Read more »