MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) said there are two foreign banks that have expressed interest in joining the country’s digital banking space. Meanwhile, two more ...

In a statement, the BSP said inflation, as measured by the consumer price index (CPI), might have settled between 2.5 and 3.3 percent in January. The upper-limit of the central bank’s forecast ...

THE BANGKO SENTRAL ng Pilipinas (BSP) is seeking to veer away from the use of one-time passwords (OTPs) in favor of more secure and advanced authentication methods. “Our objective is to make it future ...

BAGUIO CITY — Monetary authorities could cut interest rates by just 50 basis points (bps) this year given lingering inflation risks, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said on ...

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) will double down on its efforts to promote digital payments in the country by eventually weaning the country from its dependence on ...

The Bangko Sentral ng Pilipinas (BSP) has told banks to exercise caution when doing business with companies that are at risk of losing their incorporation papers for failure to submit their annual ...

The Bangko Sentral ng Pilipinas (BSP) is in need of a new deputy governor. The successful applicant will lead the monetary and economics sector of the central monetary authority. The position is ...

Latest data from the Bangko Sentral ng Pilipinas (BSP) showed the country ended 2024 with a balance of payments (BoP) surplus of $609 million, smaller than the $3.7-billion windfall recorded in 2023.

After months of searching, it looks like the Bangko Sentral ng Pilipinas (BSP) may have found its new general counsel in Roberto Figueroa. Figueroa, who was the general counsel of HSBC ...

The Bangko Sentral ng Pilipinas (BSP) has reduced the rates on its discount window facility (DWF) for the month of February, consistent with the central bank’s gradual monetary policy easing.

Based on BSP data, the unrealized gains, which under the BSP law is referred to as revaluation of foreign currency accounts, are 60 percent higher compared to the same period in 2023 of ₱756.1 billion ...

The Bangko Sentral ng Pilipinas (BSP) is encouraging banks to upgrade their security systems, as one-time passwords (OTPs) may eventually become obsolete for banking transaction authentication. “What ...