The Monetary Board raised the BSP key policy rate by 50bps. The Monetary Board raised the key policy rate of the Bangko Sentral ng Pilipinas (BSP) anew by 50 basis points (bps). On Thursday, the central bank raised its policy rate by 50bps hours after the US Federal Reserve (Fed) announced another aggressive rate hike. … Read more
BSP: “The inflation target remains at risk over the policy horizon owing to broadening price pressures.” BSP — On Thursday, the Bangko Sentral ng Pilipinas said that the Monetary Board decided to hike policy rates by 50 basis points (bps) effective August 19. As such, the overnight deposit facility has increased to 3.25%, the overnight … Read more
BSP officially unveiled the new design for the P1,000 banknote. BSP — On Saturday, the Bangko Sentral ng Pilipinas officially unveiled the new design for the P1,000 banknote. BSP Governor Benjamin Diokno told reporters in a Viber group message that the new P1,000 banknote was designed by the central bank and approved by NHI (National … Read more
The Monetary Board has authorized the BSP to buy government securities worth PHP 300 billion to soften the impact of COVID-19 in the Philippines. The Monetary Board on Monday has authorized the Bangko Sentral ng Pilipinas (BSP) to buy government securities worth PHP 300 billion from the Bureau of the Treasury. This fund was part … Read more
BSP Governor will undergo testing for coronavirus disease or COVID-19. Bangko Sentral ng Pilipinas — BSP Governor Benjamin Diokno on Friday said that he would undergo testing for coronavirus disease or COVID-19. This, as BSP Governor Benjamin Diokno said in a text message that he would decide by Monday, March 16, if he could attend … Read more