Home Tags BSP

Tag: BSP

BSP sees narrower BoP deficit in 2018

By Melissa Luz T. Lopez, Senior Reporter THE Bangko Sentral ng Pilipinas (BSP) expects the country’s external payments position to settle at a narrower deficit...

BSP studying applications from players eyeing to set up virtual currency...

THE Bangko Sentral ng Pilipinas (BSP) is evaluating 12 applications from new players looking to set up virtual currency exchanges in the country amid...

BSP sees ‘muted’ impact from fresh US interest rate hike

FINANCIAL MARKETS could see some hiccups as a response to a fresh interest rate hike in the United States, although its impact is expected...

Rediscount facility borrowings drop in November

PHILIPPINE BANKS availed of fewer loans under the central bank’s rediscount facility in November, which comes at a time of ample liquidity in the...

Poll: Monetary policy stable as year ends

By Melissa Luz T. Lopez Senior Reporter THE CENTRAL BANK will likely maintain policy settings when it meets on Thursday as inflation and liquidity remain manageable,...

Operational lapses caused BPI system glitch — BSP

By Melissa Luz T. Lopez, Senior Reporter THE CENTRAL BANK has found operational lapses that led to a two-day internal glitch at the Bank...

Trust Industry Report: Still getting bigger

The origins of the trust industry in the Philippines date back to 1918, the year an entity called Philippine Trust Company was created to...

BSP paves way for start of repurchase mart

THE BANGKO SENTRAL ng Pilipinas’ (BSP) Monetary Board has approved a zero-percent reserve requirement on repurchase (repo) transactions ahead of the start of organized...

Current conditions ‘not yet ripe’ for cut in reserve requirements

By Melissa Luz T. Lopez, Senior Reporter CURRENT LIQUIDITY conditions do not make the case for reducing the reserve requirement ratio (RRR) anytime soon, a senior...

Balance of payments swings to deficit

By Melissa Luz T. Lopez, Senior Reporter THE COUNTRY’S external payments position swung to a wider deficit in October to hit a three-month peak amid increased...

Inflation rate expected to stay elevated

By Melissa Luz T. Lopez Senior Reporter and Elijah Joseph C. Tubayan Reporter INFLATION in the last two months of the year could match October’s pace, a senior...

NSFR guidelines set for release by yearend

By Melissa Luz T. Lopez, Senior Reporter THE CENTRAL BANK is looking to release guidelines on the net stable funding ratio (NSFR) by yearend, with...

IMF backs BSP plan to cut bank reserve requirement

By Melissa Luz T. Lopez, Senior Reporter TIGHTER liquidity conditions would likely be an opportune time for the Bangko Sentral ng Pilipinas (BSP) to trim...

BSP, MAS sign agreement on fintech collaboration

THE CENTRAL BANKS of the Philippines and Singapore have signed an agreement to collaborate on financial technology (fintech), amid an industry-wide push towards digital...

Sept. remittances smaller; year-to-date flows up

By Melissa Luz T. Lopez Senior Reporter MONEY SENT HOME by Filipinos abroad dropped in September to a five-month low as Saudi Arabia sent more overseas...

New clearing house live by 2018

By Melissa Luz T. Lopez, Senior Reporter A SECOND DIGITAL clearing house meant to process real-time money transfers is eyed to go live by early 2018,...

Banks see interest rates rising

By Melissa Luz T. Lopez Senior Reporter INFLATION could hover close to four percent next year on the back of accelerating oil prices and tax-related adjustments,...

BSP net income falls on lower fee-based revenues

By Melissa Luz T. Lopez, Senior Reporter THE CENTRAL BANK’S operations remained profitable as of end-September, although net income slipped from a year ago on the...

BSP seen trimming RRR before policy rate tweaks

By Melissa Luz T. Lopez, Senior Reporter THE Bangko Sentral ng Pilipinas (BSP) will likely tweak reserve requirements imposed on banks before adjusting policy rates, an...

BSP rediscount lending rises in Oct., drops in 10 months

PHILIPPINE BANKS increased their usage of the Bangko Sentral ng Pilipinas (BSP) peso rediscount facility in October to P370 million, against P133 million in...

BSP affirms rates, ups 2018 inflation view

By Melissa Luz T. Lopez Senior Reporter THE BANGKO SENTRAL ng Pilipinas (BSP) kept interest rates steady yesterday with inflation in check and economic activity still...

Interest rate increases on the horizon as Southeast Asia debates Fed...

MANILA/BANGKOK -- For Southeast Asian central banks, monetary policy tightening is coming, but just not yet. Economists say Thailand, the Philippines, and Malaysia will hold...

IMF flags sources of domestic risk

By Melissa Luz T. Lopez Senior Reporter THE CENTRAL BANK should be ready to deploy its tools to temper rapid credit growth in the Philippines, the...

Monetary policy likely steady despite 3-year-high Oct. inflation

INFLATION picked up further in October to its fastest pace in nearly three years, but is unlikely to prod the Bangko Sentral ng Pilipinas...

Gross reserves drop to near 2-year low in Oct.

By Melissa Luz T. Lopez, Senior Reporter THE COUNTRY’S foreign reserves dipped in October to hit a near two-year low as the Bangko Sentral ng...

Bangko Sentral to allow ‘lite’ bank branches

THE CENTRAL BANK is looking to allow lenders to set up “lite” branches which will allow banks to design offices that would fit lower-income...

BSP seen biding time on reserve ratio cut

ANY ADJUSTMENTS to the reserve requirement ratio (RRR) imposed on big banks may be considered next year at the earliest, economists said, as liquidity...

Poll sees Oct. inflation at three-year high

By Melissa Luz T. Lopez Senior Reporter INFLATION could have picked up in October amid rising fuel, utility, and food prices to possibly hit a three-year...

No penalties for BDO over card skimming cases

THE BANGKO SENTRAL ng Pilipinas (BSP) has not imposed any sanctions on BDO Unibank, Inc. over reported card skimming cases back in June. The listed...

BSP lowers risk weighting for MSME loans vis CSFs

By Melissa Luz T. Lopez, Senior Reporter LOANS to small-scale businesses secured through credit surety cooperatives will be given a lower risk premium, as the...

Demand for term deposits rises

YIELDS on term deposits moved sideways yesterday, as the Bangko Sentral ng Pilipinas (BSP) trimmed its offering of the month-long tenor due to lower...

Gov’t revives CPRB, eyes mergers

By Melissa Luz T. Lopez, Senior Reporter THE GOVERNMENT will give a fresh two-year window for the Consolidation Program for Rural Banks (CPRB), with regulators...

BSP hands off on Calata’s digital currency plan

REGULATORS SAID it is up to shareholders if they would accept Calata Corp.’s plan to exchange its shares for digital currencies. In an interview with...

Philippines renews $1-B pledge to IMF

THE PHILIPPINES has renewed a $1-billion loan pledge to the International Monetary Fund (IMF), the Bangko Sentral ng Pilipinas (BSP) said in a statement...

M3 growth slows, lending picks up in Sept.

By Melissa Luz T. Lopez, Senior Reporter MONEY SUPPLY growth softened in September despite a sustained double-digit surge in bank lending, latest data from the...

Inflation further picking up steam

INFLATION may have quickened in October -- on the back of higher fuel prices, utility rates, and a weaker peso -- but at a...

New telco player could aid shift to e-payments

By Melissa Luz T. Lopez, Senior Reporter THE ENTRY of a new telecommunications provider could spur a faster migration to electronic payments, Bangko Sentral ng...

Central bank tightens liquidity watch

THE CENTRAL BANK will impose tighter liquidity management rules on banks to include monitoring of foreign currency exposure and cash positions across intraday and...

Central bank eases credit limits to back development financing

THE BANGKO SENTRAL ng Pilipinas (BSP) has eased credit limits imposed on banks in lending to their subsidiaries and affiliates, effectively freeing up more...

BSP announces fresh deadline for turning in old bank notes

THE Bangko Sentral ng Pilipinas (BSP) said it will allow further replacements of old bank notes in response to public demand. The public now has...

BSP readies cybersecurity guidelines

THE BANGKO SENTRAL ng Pilipinas (BSP) will soon release enhanced guidelines on cybersecurity that will elevate such concerns to top management of banks and...

Next forex liberalization wave readied

By Melissa Luz T. Lopez Senior Reporter THE CENTRAL BANK plans to lift by yearend the requirement for banks and companies to register foreign exchange transactions,...

BSP trims offering for month-long term deposits

By Melissa Luz T. Lopez, Senior Reporter THE BANGKO Sentral ng Pilipinas (BSP) trimmed its offering for month-long term deposits for November amid pale demand...

BSP not keen on issuing own cryptocurrency

By Elijah Joseph C. Tubayan, Reporter CENTRAL BANKS around the world are discussing the possibility of issuing its own cryptocurrencies, but Bangko Sentral ng Pilipinas...

BSP income slips to P8.87B in 1st 8 months

THE Bangko Sentral ng Pilipinas (BSP) remained in the black as of end-August, although net profit slipped from a year ago on the back...