Tag: bsp
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BSP sees July inflation at 4%-4.8%
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HEADLINE INFLATION may have accelerated in July, possibly ending seven straight months of within-target inflation, the Bangko Sentral ng Pilipinas (BSP) said on Wednesday.
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BSP says on track with study and testing of its own digital currency
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THE STUDY and testing of a central bank digital currency (CBDC) is on track, with implementation eyed by 2029, a Bangko Sentral ng Pilipinas (BSP) official said.
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BSP may impose up to P1-M fine for violations of foreign exchange rules
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THE BANGKO Sentral ng Pilipinas (BSP) has approved amendments to the reporting guidelines for foreign exchange (FX) transactions, including the imposition of fines up to P1 million for policy violations. “The Monetary Board has approved further amendments to FX regulations to allow the BSP to gather more accurate and relevant…
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Fastest in five months: Cash remittances jump by 3.6% in May — BSP
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MONEY SENT HOME by overseas Filipino workers (OFWs) rose by 3.6% in May, its fastest pace in five months, data from the Bangko Sentral ng Pilipinas (BSP) showed.
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Delayed easing to dampen growth — BSP chief
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THE BANGKO SENTRAL ng Pilipinas (BSP) said that it should not “wait too long” to begin policy easing as this would dampen economic growth, its top official said.
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BSP still hints at rate cut in August
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A POSSIBLE BREACH in the inflation target this month will not derail the Bangko Sentral ng Pilipinas’ (BSP) planned rate cut by August, its top official said.
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BSP seen to have ‘slower’ easing cycle
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THE BANGKO SENTRAL ng Pilipinas (BSP) may delay its easing cycle amid continued risks to the inflation outlook, the peso’s depreciation and a hawkish US Federal Reserve, analysts said. “We expect BSP to start its cutting cycle only after the Fed (i.e., in October), which is when we also expect…
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BSP @ 31: Shaping the financial landscape towards sustainable growth
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A central bank needs to accomplish a few things in its service to the nation: among which are monetary policy, which involves controlling the money supply and interest rates to achieve macroeconomic objectives such as controlling inflation, managing employment levels, maintaining economic stability; the regulation and supervision of banks and…
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BSP may cut by 50 bps in October — BMI
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A WEAK PESO may cause the Bangko Sentral ng Pilipinas (BSP) to delay the start of its easing cycle, with a 50-basis-point (bp) cut in October at the earliest, Fitch Solutions’ unit BMI said. “Given that the peso has come under heavy pressure due to fluctuations in US interest rate…