Topic

Bangko Sentral ng Pilipinas

Bangko Sentral ng Pilipinas (BSP) coverage — monetary policy, inflation targets, banking regulation, and financial stability.

  1. BANGKO Sentral ng Pilipinas Governor Eli Remolona Jr. has clarified that the central bank does not hike policy rates to prop up the peso. When the BSP raises interest rates (such as the 50-basis-point hike bringing the policy rate to 5.50 percent on Thursday, 22 October), it does so to combat broadening domestic demand pressures, oil/transport price shocks, and supply-side risks like El Niño, rather than to target the foreign exchange rate itself.

    Remolona: BSP not hiking rates to defend peso

    ‘We do intervene a little bit in the foreign exchange market, but that’s mainly to avoid swings in the exchange rate that tend to be inflationary.’

    2 MIN READ

  2. Inflation, El Niño and a pesky neighbor

    Inflation, El Niño and a pesky neighbor

    The next year will test whether the Philippines can manage a cost-of-living crisis, a climate shock, and a coercive neighbor at once. Rate hikes are one tool.…

    3 MIN READ

  3. BANGKO Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. speaks at a press conference at the BSP Manila headquarters following the central bank’s “jumbo” 50-basis-point rate hike on Thursday.

    Remolona: BSP not hiking rates to defend peso

    Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. maintained the central bank’s hands-off approach to the Philippine peso, saying it does not use…

    2 MIN READ

  7. A rebound in economic growth through public infrastructure investment may allow the Bangko Sentral ng Pilipinas to enact more rate hikes to fight surging inflation.

    Growth rebound may give BSP room to hike rates

    A rebound in Philippine economic growth in the second half of the year could strengthen the case for further interest rate hikes by the Bangko Sentral ng…

    2 MIN READ

  11. 50-point rate hike seen as peso weakens further

    50-point rate hike seen as peso weakens further

    The Bangko Sentral ng Pilipinas may consider a 50-basis-point interest rate hike as the peso weakens past ₱63 against the US dollar, according to BPI lead…

    2 MIN READ

  15. OVERSEAS Filipino worker remittances continue to grow on an annual basis, though the pace of expansion has slowed to its lowest levels in nearly four years amid geopolitical tensions and a drop in the number of workers abroad.

    OFW cash remittances rise 1.9% in August

    OFW cash remittances rose 1.9 percent to $3.03 billion in August 2026, bringing eight-month inflows to $23.42 billion, although growth remains slow amid global…

    2 MIN READ

  16. OFW cash remittances rise 1.9 percent in August

    OFW cash remittances rise 1.9 percent in August

    Cash remittances from overseas Filipino workers (OFWs) rose by 1.9 percent year on year to $3.03 billion in August, bringing inflows in the first eight months…

    2 MIN READ

  17. BSP sees BoP deficits in 2026 and 2027

    BSP sees BoP deficits in 2026 and 2027

    ‘These deficits highlight the shock from elevated oil and commodity prices, which continue to weigh on the country’s external position.’ — Bangko Sentral ng…

    2 MIN READ