monetary-board | ABS-CBN News

BSP approves higher minimum capitalization of rural banks

ABS-CBN News
Posted at Sep 02 10:44 AM

The Bangko Sentral ng Pilipinas said it has approved an increase to the minimum capitalization of rural banks. Read more »

In surprise move, BSP hikes interest rate by 75-basis points

Jessica Fenol, ABS-CBN News
Updated as of Jul 14 05:16 PM

The Bangko Sentral ng Pilipinas cut its benchmark rate by 75 basis points, ahead of the scheduled monetary policy-setting meeting on Aug. 18 to tame rising inflation. Read more »

Outgoing DOT chief Puyat to join BSP as Deputy Governor

ABS-CBN News
Posted at Jun 01 09:44 PM

Outgoing Tourism Secretary Bernadette Romulo-Puyat will join the Bangko Sentral ng Pilipinas as Deputy Governor. Read more »

Ex-NEDA chief Felipe Medalla is next Bangko Sentral Governor: Marcos Jr

ABS-CBN News
Updated as of May 26 11:46 AM

Monetary Board Member and former NEDA chief Felipe Medalla will be the next BSP governor, President-elect Ferdinand Bongbong Marcos Jr announced Thursday. Read more »

BSP hikes interest rate to 2.25 percent as inflation accelerates

ABS-CBN News
Updated as of May 19 07:02 PM

The Bangko Sentral ng Pilipinas on Thursday raised its benchmark rate by 25 basis points to 2.25 percent amid quickening inflation. Read more »

BSP approves $4.66B public sector foreign borrowings in Q3

ABS-CBN News
Posted at Oct 12 11:21 AM

The Monetary Board has approved a total of $4.66 billion public sector foreign borrowings in the third quarter of 2021, the central bank said Tuesday. 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 »

Approved public sector foreign loans in Q1 reach $2.84 billion: BSP

ABS-CBN News
Updated as of May 03 12:11 PM

The Monetary Board has approved a total of $2.84 billion of public sector foreign borrowings in the first quarter of 2021, the Bangko Sentral ng Pilipinas said Monday.   Read more »

Bangko Sentral says inflation manageable, vows to keep support for economy

ABS-CBN News
Updated as of Mar 24 04:11 PM

BSP Governor Benjamin Diokno said monetary policy will continue to remain supportive of economic activity to ensure sustained recovery.  Read more »

Bangko Sentral says not yet inclined to tighten monetary policy

ABS-CBN News
Posted at Mar 11 04:42 PM

The Bangko Sentral ng Pilipinas is not inclined to tighten monetary policy at this time, despite supply-side factors keeping inflation above the 2 to 4 percent target range, BSP Governor Benjamin Diokno said on Thursday. Read more »

Bangko Sentral raises inflation outlook for 2021 to 4 percent

Warren de Guzman, ABS-CBN News
Posted at Feb 11 06:32 PM

The Bangko Sentral ng Pilipinas has raised its inflation outlook for the year to 4 percent from an earlier 3.2 percent, and said inflation was likely to remain elevated "in the coming months."   Read more »

Inflation slowing down, BSP likely to cut rates anew by 25 bps: economist

ABS-CBN News
Posted at Feb 02 04:48 PM

The Bangko Sentral will likely its policy rate again by at least 25 basis points to help the national government's infrastructure program and boost the economy amid the continuing impact of the pandemic, an economist said Tuesday.   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 »

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 »

BSP keeps key rates steady for second straight session

ABS-CBN News
Updated as of Oct 01 04:38 PM

The Bangko Sentral ng Pilipinas on Thursday kept the key interest rate at a record-low 2.25 percent as the economy continues to gradually reopen following the lockdowns to curb the spread of the virus.   Read more »

Bangko Sentral mulls 'cap' on credit card interest rates

ABS-CBN News
Updated as of Aug 24 11:10 AM

Bangko Sentral ng Pilipinas Gov. Benjamin Diokno said Monday they are eyeing to put a cap on credit card interest rates to be at par with its Asian neighbors. Read more »

Duterte appoints two members to policy making monetary board

ABS-CBN News
Posted at Jul 28 12:09 PM

The Bangko Sentral ng Pilipinas (BSP) said Tuesday, Bruce Tolentino and Anita Linda Aquino have been named by President Duterte as full time private sector representatives to the policy setting monetary board. Read more »