MANILA, Philippines The Bangko Sentral ng Pilipinas (BSP) on Thursday kept its key rate unchanged at 5.75 percent, hitting the pause button on easing. The latest action defied market expectations. Majority of economists polled by the Inquirer last w
The Bangko Sentral ng Pilipinas (BSP) is widely expected to deliver another interest rate cut this week, as benign inflation allows monetary authorities to prioritize an economy that grew at an underwhelming pace last year. Fifteen out of 16 economi
Ahead of Valentine’s Day, the Bangko Sentral ng Pilipinas (BSP) has a warning to the public: do not fall for the so-called love scams. You might have read about the scheme in the news. One prominent case involved a 78-year-old Singaporean acto
MANILA, Philippines Theres a possibility that inflation sped past 3 percent in January due to higher oil prices and lingering food supply problems triggered by the onslaught of typhoons that battered the country late last year, the Bangko Sentral ng
MANILA, Philippines The Bangko Sentral ng Pilipinas (BSP) is proposing rules that banks and nonbanks must follow when temporarily holding funds that are suspected to be from fraudulent transactions in a bid to safeguard consumers from financial cybe
MANILAluhoplay, Philippines The Bangko Sentral ng Pilipinas (BSP) has proposed rules that will guide its investigations into bank accounts and e-wallets suspected of being used to commit financial crimes and fraud. The BSP is collecting comments fro
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) might have to extend its easing cycle up to 2026 to match the slower pace of rate cuts in the United States, Singapore-based DBS Bank said. In a commentary, DBS nevertheless said the
Fund transfers done via InstaPay continued to surpass withdrawals via automated teller machines (ATMs) both in terms of value and volume postpandemic, indicating Filipinos growing preference to use digital payment services. In a report, the Bangko S