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17 hours ago · The Bangko Sentral ng Pilipinas (BSP) reported that 56 percent of Filipinos had bank accounts as of 2021, up from 23 percent in 2017. However, a total of 34.3 million adults were still unbanked. The BSP is hoping to hit 70 percent in overall financial inclusion this year.
17 hours ago · Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. emphasized yesterday the crucial role of developing and deepening the Philippine capital markets for the country’s economy’s growth. Photo shows Euben Paracuelles, Chief ASEAN Economist at Nomura, while facilitating the panel discussion. Joining him were (starting at 2nd from left:) Iluminada T. Sicat, BSP Senior […]
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17 hours ago · BSP: Monetary Board can function with five-member quorum. The Bangko Sentral ng Pilipinas (BSP) on Tuesday said the Monetary Board has “functioned as normal” and will continue to do so as long as there is a four-member quorum, following reports of ghost employees involving two board members. In a statement, the central bank responded to ...
17 hours ago · The Bangko Sentral ng Pilipinas (BSP) sought to reassure markets on Tuesday, saying its policy-setting Monetary Board remained fully functional despite a scandal involving some of its members. The seven-member Monetary board, led by Governor Eli M. Remolona Jr., who is currently abroad, is tasked with ensuring price stability and maintaining a ...
5 days ago · The Bangko Sentral ng Pilipinas (BSP) on Thursday said it is looking to establish a platform which would widen access of Filipinos to different pension and insurance services, as part of its efforts to boost financial inclusion in the country.
May 16, 2024 · MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) on Thursday extended its pause on any rate adjustments as inflation remains stubbornly high. At its meeting, the Monetary Board left the target reverse repurchase rate untouched at 6.5 percent, the highest in 17 years. It was a decision that was widely expected by the market. ADVERTISEMENT
Apr 30, 2024 · The Bangko Sentral ng Pilipinas (BSP) is one of the few central banks in Asia that can afford to dip into its dollar reserves to prop up its falling currency, as the peso inches closer to the 58-level, Nomura Global Markets Research said.
