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DESPITE softening global oil prices, the Bangko Sentral ng Pilipinas (BSP) may remain hawkish through 2019 to curb inflation expectations and stabilize the local currency, an economist from Dutch financial giant ING said. Nicholas Mapa, ING Philippines…
The Philippines’ dollar reserves fell to an over seven-year low of $74.77 billion as of October after the government settled more foreign exchange obligations, the Bangko Sentral ng Pilipinas (BSP) said Wednesday. The country’s gross international reserves…
THE central bank expects inflationary pressures to have moderated slightly in October due to the decrease in the prices of rice and other food items as well as the cost of electricity — a possible indication that…
THE Bangko Sentral ng Pilipinas (BSP) Dumaguete branch has warned credit card users not to entrust their cards to any shops or restaurants for swiping without them watching. BSP Financial Literacy Learning Center manager Dr. Greg Baccay…
Inflation is seen peaking in October or November but would unlikely hit 7 percent, a member of the central bank’s policy-making Monetary Board said Tuesday. The Cabinet-level Development Budget Coordination Committee raised its 2018 inflation forecast range…
JAN-AUG 2018 The amount of dollars sent home by expatriate Filipinos rose further in the first eight months of the year, but data from the Bangko Sentral ng Pilipinas (BSP) also showed a worrisome trend of tapering…
BANK regulators have finalized the relaxed rules for its dollar hedging facility meant to encourage more financial institutions to use it and consequently ease the selling pressure on the peso. In a press statement, the Bangko…
Some of the price increases that have pushed the country’s inflation rate to its highest in nearly a decade can be attributed to a weak peso, which has been on a downtrend since the start of the…
PRICE increases for basic goods and services were expected to have risen at a faster pace for the month of July due to higher electricity and water rates as well as petroleum prices, economists of the Bangko…
CASH-RICH financial institutions bid aggressively on Wednesday for the right to lodge their funds in short-term securities of the Bangko Sentral ng Pilipinas (BSP), marking the third week that the regulator’s term deposit facility auction was oversubscribed.…
Inflows of foreign direct investments to the Philippines rose substantially in the first quarter of the year as investors were reassured by the country’s strong economy, the central bank said on Monday. In a press statement, the…
MINTED FROM MID-1970S TO 1990S The Bangko Sentral ng Pilipinas (BSP) announced on Friday the start of the demonetization process of several commemorative coin sets that were minted from the mid-1970s to the 1990s and urged to…
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