Monetary Policy Tightens Further in Q3 2018

The Bangko Sentral ng Pilipinas (BSP) publishes today the 68th issue of the quarterly BSP Inflation Report covering the period July-September 2018. The full text is also released in electronic format as a downloadable PDF file on the BSP website. The BSP Inflation Report is published as part of the BSP’s efforts to improve the transparency […]
Continue reading…

 

Bank Lending Standards Generally Steady in Q3 2018

Results of the Q3 2018 Senior Bank Loan Officers’ Survey (SLOS) showed that most of the respondent banks continued to maintain their credit standards for loans to both enterprises and households during the quarter based on the modal approach. This is the 38th consecutive quarter since Q2 2009 that the majority of respondent banks reported […]
Continue reading…

 

Overall BOP Position Posts $2.7B Deficit in September

The country’s overall balance of payments (BOP) position posted a deficit of $2.7 billion in September 2018, a reversal of the $24 million surplus recorded in the same month last year, according to the Bangko Sentral ng Pilipinas (BSP). Outflows in September 2018 stemmed mainly from foreign exchange operations of the BSP and payments made […]
Continue reading…

 

Personal Remittances Increase to $21.2B in First Eight Months of 2018

Personal remittances from Overseas Filipinos (OFs) increased by 2.4 percent year-on-year to reach $21.2 billion in the first eight months of 2018, according to Bangko Sentral ng Pilipinas (BSP) Officer-in-Charge Maria Almasara Cyd N. Tuaño-Amador. Personal remittances from land-based workers with work contracts of one year or more grew by 2.1 percent to $16.3 billion, […]
Continue reading…

 

Net FDI More Than Doubles in July 2018 to US$914 Million

Foreign direct investments (FDI) rose significantly in July 2018 to $914 million from the $344 million posted in July 2017. This reflected the continued positive investor sentiment on the Philippine economy on the back of strong macroeconomic fundamentals and growth prospects, according to the Bangko Sentral ng Pilipinas (BSP). More than 60% of FDI net […]
Continue reading…

 

September Year-on-Year Inflation Hits 6.7 Percent

Headline inflation rose in September to 6.7 percent year-on-year from 6.4 percent in the previous month, according to the Bangko Sentral ng Pilipinas (BSP). The year-to-date average of 5 percent is above the government’s announced inflation target range of 3 percent ±1 percentage point for 2018. By contrast, core inflation—which excludes selected volatile food and […]
Continue reading…

 

End-September 2018 GIR Level Falls to $75.16B

Preliminary data showed that the country’s gross international reserves (GIR) level as of end-September 2018 was lower at $75.16 billion from the end-August 2018 GIR of $77.93 billion, Bangko Sentral ng Pilipinas (BSP) Officer-in-Charge Diwa C. Guinigundo announced today. At this level, the GIR nonetheless continues to serve as an ample external liquidity buffer and […]
Continue reading…

 

Banks Indicate Bullish Outlook for the Philippine Banking System

The Bangko Sentral ng Pilipinas (BSP) publishes today the Maiden Report on the Banking Sector Outlook Survey (BSOS) for the First Semester of 2018. The BSOS gathers the sentiments of the Presidents/Chief Executive Officers/Country Managers of 114 banks in the country related to their growth outlook and risk assessments, business performance strategies, and insights on […]
Continue reading…