Lee C. Chipongian
BSP cuts rediscount rates for May
May 08, 2024 8:52 am
The Bangko Sentral ng Pilipinas (BSP) has lowered the rates on its Peso Rediscounting Facility effective Wednesday, May 8, for all tenors.
PH dollar reserves down to $103.4 B end April
May 08, 2024 8:32 am
Philippines’ stock of US dollars dropped by $630 million to $103.437 billion as of end-April compared to end-March’s $104.067 billion after the government withdrew foreign currency from the Bangko Sentral ng Pilipinas (BSP) to pay for maturing loans and to fund expenditures.
BSP confident inflation to stay within target
May 07, 2024 9:49 am
The Bangko Sentral ng Pilipinas (BSP) remains confident that the inflation path will continue to be within the two percent to four percent target range for 2024 and 2025 despite a projected above-target rate for the second and third quarter this year due to El Niño dry weather.
FX swaps up at $4.87 B in March
May 05, 2024 2:18 pm
The central bank’s foreign exchange (FX) swap operations increased by $163 million to $4.870 billion in March from $4.707 billion in February as the Bangko Sentral ng Pilipinas (BSP) could be slowly building up its market intervention.
BSP ensures banks’ compliance to laws at all times
May 05, 2024 2:17 pm
The Bangko Sentral ng Pilipinas (BSP) reiterated over the weekend that it continues to strictly monitor banks' compliance with the country’s existing laws as part of financial stability and a strong banking system.