Bangko Sentral ng Pilipinas - updates

Rappler's latest stories on Bangko Sentral ng Pilipinas


Bangko Sentral delivers surprise interest rate cut vs pandemic

Jun 25, 2020 - 5:20 PM

An expert says this may be the last interest rate cut for 2020

Bangko Sentral cuts interest rates early amid muted borrowing

Apr 16, 2020 - 9:10 PM

Despite lower interest rates, people are reportedly hesitant to borrow from banks during the coronavirus pandemic

Economists to Bangko Sentral: Print money for coronavirus response

Apr 15, 2020 - 5:45 PM

University of the Philippines economists say money must be printed for banks, and these banks must then be willing to loan to small businesses. The government should issue guarantees to reduce risk, too.

Bangko Sentral remits P20 billion in dividends for coronavirus efforts

Mar 26, 2020 - 7:55 PM

Bangko Sentral ng Pilipinas Governor Benjamin Diokno says the BSP is ready to use 'the necessary tools in its arsenal to address the impact of COVID-19'

Bangko Sentral slashes banks' reserve requirement vs coronavirus

Mar 24, 2020 - 2:50 PM

The 200-basis-point cut in the reserve requirement frees up around P200 billion into the Philippines' financial system

Bangko Sentral to pump P300 billion for coronavirus fight

Mar 23, 2020 - 5:45 PM

The Bangko Sentral ng Pilipinas will purchase P300 billion worth of government securities. The amount can then be used to fund projects.

Bangko Sentral cuts interest rates to fight coronavirus impact

Mar 19, 2020 - 5:40 PM

(UPDATED) Interest rates are lowered by 50 basis points, but this may not do much to ignite loan demand as people are forced to stay at home

OFW remittances hit record high of $33.5 billion in 2019

Feb 17, 2020 - 7:30 PM

Filipinos based abroad send more cash and prop up the Philippine economy in 2019, but the novel coronavirus may affect their jobs and trigger a domino effect in 2020

Foreign direct investments fall by 30% in January-November 2019

Feb 11, 2020 - 8:46 AM

Foreign direct investments register higher inflows in November, but not enough to lift the figure for the 11-month period last year, as the global economic slowdown spooks investors

To boost economy, Bangko Sentral cuts interest rates by 25 basis points

Feb 06, 2020 - 8:20 PM

Amid the global economic slowdown and the novel coronavirus spooking markets, the Philippines' central bank aims to shore up the economy by trimming interest rates

FALSE: Bangko Sentral ‘launches new design of Philippine peso'

Jan 25, 2020 - 8:41 PM

The Bangko Sentral ng Pilipinas has no official announcement about the release of a new design of Philippine peso bills

Bangko Sentral to sell P10,000, P500 commemorative coins

Jan 08, 2020 - 8:15 PM

A single P10,000 gold commemorative coin costs P127,500

2 courts convict rural bank execs over fraudulent transactions

Dec 31, 2019 - 2:34 PM

The Bangko Sentral ng Pilipinas wins in two cases against two shuttered rural banks in Iloilo and Antique over violations of the General Banking Law of 2000

Convicted. The Bangko Sentral ng Pilipinas wins in its two cases against two rural banks' officers over fraudulent transaction. File photo from BSP

Hot money net outflows hit $345 million in November 2019

Dec 19, 2019 - 8:05 PM

Foreign portfolio investments for November yield net outflows as a result of $1.5 billion fleeing, mainly from the United States

LOOK: New P20 coin, enhanced P5 coin unveiled

Dec 17, 2019 - 10:25 AM

The new P20 coin is more expensive to produce than the banknote version, but the Bangko Sentral ng Pilipinas says it will last much longer

NEW COIN. The new P20 and the enhanced P5 coins of the Philippines is unveiled on December 17, 2019. Photo by Lito Borras/Rappler

Start of 'ber' months boost overseas remittances

Nov 16, 2019 - 4:03 PM

The BSP says remittances from overseas Filipinos grows by 6% in September

ROBUST. File photo of a customer counting Philippines peso notes after trading his US dollars for Philippine pesos in Manila. Photo by Jay Directo/AFP

Shuttered AMA Bank refuses to turn over records – PDIC

Nov 15, 2019 - 5:41 PM

PDIC gives employees of AMA Bank of Mandaluyong 24 hours to turn over bank records or face the 'full force of law'

FALSE: New designs of Philippine peso coins out

Nov 14, 2019 - 5:10 PM

The BSP is not releasing new designs of legal tender, except for the upcoming P20 coin

Bangko Sentral cuts banks' reserve requirement anew to support growth

Oct 24, 2019 - 6:56 PM

The Bangko Sentral ng Pilipinas doubles down on monetary measures to counter global headwinds

Design of new P20 coin to be unveiled in December

Oct 14, 2019 - 4:50 PM

The P20 coin will initially coexist with the banknote version. But the banknote will be gradually removed from circulation.

Foreign direct investments drop 41% in July 2019

Oct 11, 2019 - 9:31 AM

Foreign investors place less bets on the Philippines for the 5th straight month

Bangko Sentral to produce national ID cards

Oct 07, 2019 - 8:00 PM

The Bangko Sentral ng Pilipinas and the Philippine Statistics Authority sign a memorandum of agreement for the production of 116 million cards worth P3.4 billion

Bangko Sentral hits the gas for economic growth

Sep 28, 2019 - 1:20 PM

The Bangko Sentral ng Pilipinas announces the lowering of the level of cash banks need to keep on the same week it slashed interest rates

Bangko Sentral cuts interest rates again as inflation weakens

Sep 26, 2019 - 5:30 PM

The Bangko Sentral ng Pilipinas trims the benchmark interest rate by 25 basis points for the 3rd time in 2019

Over $1 billion in hot money flees Philippines

Sep 20, 2019 - 12:25 PM

Foreign portfolio investments post a net outflow of $1.1 billion from January to August 2019, reversing the net inflow of $602 million in the same period last year

More jobs, higher pay turn consumers upbeat in Q3 2019

Sep 19, 2019 - 6:10 PM

Consumers perceive that the Philippines' peace and order situation, employment, and governance has improved, according to a Bangko Sentral ng Pilipinas survey

Early morning scene along Juan Luna street in Divisoria, Manila. June 6, 2019. Photo by Rob Reyes/Rappler

Rice tariffication, EDSA bus ban down business confidence in Q3 2019

Sep 19, 2019 - 3:50 PM

Business confidence falls to 37.3% in the 3rd quarter of 2019, as bad weather, external shocks, and government policies hit companies

OFW remittances recover in July 2019

Sep 17, 2019 - 10:50 AM

Cash remittances coursed through banks rise by 7.5% to $2.6 billion in July

BSP to build modern security plant complex in New Clark City

Sep 14, 2019 - 3:17 PM

The Bangko Sentral ng Pilipinas plans to complete the construction of the new currency production facility in Capas, Tarlac in two years

Foreign direct investments drop by 48.5% in June 2019

Sep 10, 2019 - 9:00 PM

Foreign direct investments reach $430 million in June 2019, just a little over half of the $836 million posted in the same month in 2018

Foreign direct investments slower by 85% in May 2019

Aug 14, 2019 - 7:25 PM

Foreign direct investments in May hit a 4-year low at just $242 million

Bangko Sentral: Banks need our approval to raise ATM fees

Aug 13, 2019 - 5:45 PM

The House committee on banks and financial intermediaries is set to investigate a looming 50% increase in ATM fees

Bangko Sentral cuts interest rates as growth slows down

Aug 08, 2019 - 4:40 PM

The Bangko Sentral ng Pilipinas brings down the key policy rate to 4.25% to support economic growth

Bangko Sentral to create P20 coin

Jul 17, 2019 - 6:45 PM

(UPDATED) A study finds that Filipinos frequently use P20 bills, leading to the banknote's wear and tear. A coin version will extend its life span.

Overseas Filipino remittances rise to $13.7 billion in January-May 2019

Jul 15, 2019 - 7:50 PM

The United States registers the highest share of overall remittances in the first 5 months of 2019 at 36%

Foreign direct investments slump again in April 2019

Jul 10, 2019 - 6:10 PM

For the 2nd straight month, foreign direct investments in the Philippines are down

LOOK: New Philippine peso bills with Diokno's 'worm-looking' signature

Jul 03, 2019 - 3:20 PM

The Bangko Sentral ng Pilipinas releases the first batch of banknotes bearing Governor Benjamin Diokno's signature – squiggles which he himself said look like worms

Bangko Sentral keeps interest rates steady, cuts inflation forecasts

Jun 20, 2019 - 5:50 PM

The Bangko Sentral ng Pilipinas maintains monetary policy settings 'for the time being' as it expects lower inflation in 2019 and 2020

RATES STEADY. Bangko Sentral ng Pilipinas Governor Benjamin Diokno holds a press briefing on June 20, 2019. Screenshot from BSP video

Bangko Sentral slashes reserve requirement for small banks

May 23, 2019 - 7:15 PM

The Bangko Sentral ng Pilipinas slashes the amount small banks need to hold in their reserves – a move that is expected to free up some P20 billion in the economy

Duterte signs Bangko Sentral's gold bill into law

May 22, 2019 - 2:20 PM

Under Republic Act No. 11256, gold from small-scale mining activities can be sold tax-exempt to the Bangko Sentral ng Pilipinas

Bangko Sentral shuts down Rural Bank of Basey in Samar

May 20, 2019 - 4:55 PM

The Rural Bank of Basey is the fifth bank closed by the Bangko Sentral ng Pilipinas in 2019

CLOSING DOWN A BANK. The Bangko Sentral  ng Pilipinas closes down the Rural Bank of Basey. Rappler file photo

Bangko Sentral to cut reserve requirement in phases

May 16, 2019 - 6:00 PM

(UPDATED) The Bangko Sentral ng Pilipinas will cut the reserve requirement ratio – or the amount banks need to hold on to in their reserves – by 200 basis points to 16% in 3 tranches

Foreign direct investments up by 20% in February 2019

May 10, 2019 - 8:40 PM

Foreign direct investments hit $746 million in February, says the Bangko Sentral ng Pilipinas

Bangko Sentral cuts interest rates as inflation, growth slow down

May 09, 2019 - 5:10 PM

(UPDATED) The Bangko Sentral ng Pilipinas cuts the key policy rate by 25 basis points, but some economists say the move may have been done too early

Bangko Sentral looks into Luzon earthquake's impact on banks

Apr 23, 2019 - 7:10 PM

Several banks in Luzon were temporarily closed due to the strong earthquake

Foreign direct investments plummet by 38.2% in January 2019

Apr 10, 2019 - 5:45 PM

The Bangko Sentral ng Pilipinas says the decline in foreign direct investments reflects the 65.3% drop in equity capital placements

Photo from Shutterstock

2 arrested in Quezon for mutilating P10 coins

Apr 07, 2019 - 4:20 PM

The Bangko Sentral ng Pilipinas says one of the suspects 'even uploaded a coin mutilation video' on social media, attracting authorities' attention

BSP Conducts Succesful Operation Against Currency Mutilation. Photo from Bangko Sentral ng Pilpinas.

Residential property prices inch up in Q4 2018 – BSP

Mar 30, 2019 - 9:27 PM

Residential real estate prices go higher, especially in the National Capital Region, in the last quarter of 2018

Construction of a residential condominium in Quezon City on August 6, 2018. Photo by Jire Carreon/Rappler

Election fever boosts business confidence

Mar 29, 2019 - 11:43 AM

Based on the results of the Business Expectations Survey, the overall confidence for the 1st quarter of 2019 improved to 35.2% – the first time in 4 quarters that the business outlook improved

Bangko Sentral keeps interest rates unchanged

Mar 21, 2019 - 6:25 PM

The Bangko Sentral ng Pilipinas maintains interest rates as inflation is easing and domestic activity is projected to be stable

Photo from the Bangko Sentral ng Pilipinas