THE growth in the country’s domestic liquidity (M3) and loans of universal and commercial banks (U/KBs) remained a “bright spot” for Philippine economic performance, according to a local economist. Data from the Bangko Sentral ng Pilipinas (BSP) showed M3 grew by 6.8 percent year-on-year to about P16.5 trillion in August from 5.7 percent in July.
Hot money posted its third consecutive month of inflows despite an increase in gross outflows in August, according to data released by the Bangko Sentral ng Pilipinas (BSP). The data showed transactions on foreign investments registered with the BSP, through authorized agent banks (AABs) or hot money, recorded net inflows of $153 million in August
The Bangko Sentral ng Pilipinas (BSP) is keen on cutting the reserve requirement ratio (RRR) next year, as the “old-school tool” could lead to a distortion of financial intermediation. At the EagleWatch economic briefing on Thursday, BSP Governor Eli M. Remolona Jr. said the present RRR is currently at 9.5 percent and was still high
THE tight monetary policy of the Bangko Sentral ng Pilipinas (BSP) is expected to adversely affect the economy’s performance in the third quarter, according to a United Kingdom-based think tank. On Monday, Oxford Economics said based on its trackers, the country’s GDP growth may slow to a range of 4 to 5 percent in the
FILIPINO firms became less optimistic about the economy in the third quarter of 2023, according to the Bangko Sentral ng Pilipinas (BSP). Based on the results of the BSP’s Business Expectations Survey (BES), the overall confidence index (CI) declined to 35.8 percent from 40.8 percent in the second quarter of 2023. However, BSP said business