BSP Governor Felipe Medalla: “BSP is prepared to raise its policy rate by 50 basis points in August.” BANGKO SENTRAL NG PILIPINAS — BSP Governor Felipe Medalla said that the central bank is “prepared” to increase its policy rate by 50 basis points (bps) in August. According to Medalla, the central bank is closely monitoring … Read more
Felipe Medalla has sworn in as the 6th governor of Bangko Sentral ng Pilipinas. FELIPE MEDALLA — Microeconomist Felipe M. Medalla has officially sworn in as the sixth governor of Bangko Sentral ng Pilipinas (BSP). Medalla took his oath of office in Malacanang on June 30, after the inauguration of President Ferdinand “Bongbong” Marcos Jr., … Read more
BSP will not demonetize 20-piso banknotes, according to Diokno. BANGKO SENTRAL NG PILIPINAS — BSP Governor Benjamin E. Diokno said that the central bank will not demonetize the 20-piso banknotes and it will continue to co-exist with the 20-piso coin version. According to the BSP chief, there’s no demonetization of 20-piso banknotes and the central … Read more
BSP Governor Benjamin Diokno said that he’s confident that the Philippines could achieve its growth target in 2022. BANGKO SENTRAL NG PILIPINAS — On Thursday, BSP Governor Benjamin Diokno said that he’s confident the Philippines could still achieve its growth target of 7% to 9% in 2022 despite the recent surge in coronavirus cases. In … Read more
BSP Governor Benjamin Diokno has been named as “Global Central Banker of the Year 2022”. BENJAMIN DIOKNO — Bangko Sentral ng Pilipinas said that the BSP governor was named as “Global Central Banker of the Year 2022”. On Wednesday, the central bank said that Diokno has been named by an international banking magazine owned by … Read more