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Fed's Kaplan hopes to begin QE weaning this year

Ann Saphir, Reuters
Posted at Jan 12 11:59 AM

Dallas Federal Reserve President Robert Kaplan on Monday said he expects broad vaccine distribution to unleash strong economic growth later this year, allowing the U.S. central bank to begin to pull back on some of its extraordinary monetary support. Read more »

New Zealand central bank hit by cyber attack

Agence France-Presse
Posted at Jan 10 12:37 PM

New Zealand's central bank said Sunday it was responding with urgency to a "malicious" breach of one of its data systems, a third-party file sharing service that stored "sensitive information". Read more »

Foreign investments down to $423 million in October on resurgence of COVID-19 cases

ABS-CBN News
Posted at Jan 08 05:01 PM

Foreign direct investments to the Philippines reached $423 million net inflows in October, a 24.5-percent drop versus a month ago on increasing COVID-19 cases, the Bangko Sentral ng Pilipinas said on Friday. Read more »

Bangko Sentral lays down new rating framework for lenders

Bruce Rodriguez, ABS-CBN News
Posted at Jan 07 06:24 PM

The Bangko Sentral ng Pilipinas has put in place a new rating framework for the financial institutions under its supervision as it seeks to boost the stability of the local banking system amid the COVID-19 health crisis. Read more »

BSP to keep rates low, says inflation 'least' of worries

ABS-CBN News
Posted at Jan 05 11:53 AM

The Bangko Sentral intends to keep interest rates low for “many quarters to come” and that inflation was the “least” of its worries despite consumer prices rising at their fastest pace since March 2019.  Read more »

December inflation likely below BSP forecast, new rate cut also possible: economist

ABS-CBN News
Posted at Jan 04 03:32 PM

The Philippine economy and inflation are seen to settle below government targets as the country remains to have overall weak demand, an economist said Monday. Read more »

Bangko Sentral sees December inflation within 2.9 to 3.7 pct

ABS-CBN News
Posted at Dec 29 03:18 PM

The BSP said higher prices of domestic petroleum products and key agricultural items contributed to upward price pressures during the month.    Read more »

Bangko Sentral adopting new logo with 'full bodied' Philippine eagle next year

ABS-CBN News
Posted at Dec 28 07:35 PM

The Bangko Sentral ng Pilipinas on Monday said it is introducing a new logo next year "in keeping with the changing times." Read more »

BOJ debated room for stimulus tweaks with eye on long battle with pandemic

Leika Kihara, Reuters
Posted at Dec 23 09:37 AM

Bank of Japan policymakers kicked off discussions in October on ways to make their massive stimulus programme more sustainable, with one member calling for a tweak to the bank's huge purchases of risky assets, minutes of the meeting showed on Wednesday. Read more »

Bangko Sentral keeps rates steady as expected

Vivienne Gulla, ABS-CBN News
Updated as of Dec 17 04:56 PM

The Bangko Sentral ng Pilipinas kept interest rates steady, in line with analysts forecasts given what it sees as a "benign inflation environment". Read more »

Bangko Sentral seen holding rates steady after surprise cut

Enrico Dela Cruz, Reuters
Posted at Dec 17 09:18 AM

The Philippine central bank is expected to hold interest rates steady on Thursday, awaiting further signals on whether it needs to provide more policy support to the country's pandemic-hit economy, a Reuters poll showed. Read more »

Cash remittances up 2.9 percent in October

ABS-CBN News
Posted at Dec 16 10:58 AM

Cash remittances from overseas Filipinos hit $2.747 billion in October, up 2.9 percent compared to the same month last year, the Bangko Sentral said.    Read more »

House panel consolidates bills to create PH’s digital currency

Zandro Ochona, ABS-CBN News
Posted at Dec 12 02:49 AM

Mhel Plabasan, innovation supervision head at Bangko Sentral ng Pilipinas said the creation of a digital peso has been in the works but is unlikely to be issued soon. Read more »

Fintech players welcome new digital banking framework as consumers move to virtual realm

ABS-CBN News
Updated as of Nov 27 10:16 PM

Financial technology and digital industry players welcomed the BSP's approval of a digital banking framework, as part of efforts to extend financial services. The Philippine central bank on Thursday approved rules allowing the creation and licensing of digital banks as consumers increasingly turn to the virtual realm for banking. Read more »

BSP recognizes 'digital bank' as new bank category

ABS-CBN News
Posted at Nov 27 01:09 AM

The Bangko Sentral ng Pilipinas' (BSP) Monetary Board has officially recognized "digital bank" as a new bank category, in line with its Digital Payments Transformation Roadmap which seeks to streamline financial technology in the country.   Read more »

Bangko Sentral says new logo was made by in-house talents, no millions spent

ABS-CBN News
Posted at Nov 24 05:39 PM

The Bangko Sentral ng Pilipinas on Tuesday said its new logo was developed by the central bank’s in-house talents, belying reports that it spent a lot on the new design.  Read more »

ING Philippines launches e-payments service, takes aim at GCash, Paymaya

Bruce Rodriguez, ABS-CBN News
Posted at Nov 24 04:56 PM

ING Bank Philippines on Tuesday launched its own e-payments service called, ING Pay, joining a fast-growing sector dominated by GCash and PayMaya. Read more »

Bangko Sentral makes surprise rate cut as economic slump continues

ABS-CBN News
Updated as of Nov 19 05:40 PM

The Bangko Sentral ng Pilipinas made a surprise 25 basis points policy rate cut on Thursday, bringing the overnight reverse repurchase facility to a new historic low of 2 percent. Read more »

Cash remittances grow 9.3 pct to $2.6 billion in Sept

ABS-CBN News
Posted at Nov 16 01:52 PM

Cash remittances from overseas Filipinos hit $2.6 billion in September which was 9.3 percent higher compared to the same month last year, the Bangko Sentral said on Monday.    Read more »

Foreign direct investments hit $637-M in August, up for fourth straight month

ABS-CBN News
Posted at Nov 11 12:30 PM

The Philippines booked a $637 million net inflow of foreign direct investments (FDI) in August, which was 46.9 percent higher compared to the same month last year, the Bangko Sentral ng Pilipinas said on Wednesday.    Read more »