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BSP, FRBC discuss global risks

Officials of the Bangko Sentral ng Pilipinas (BSP) and the Federal Reserve Bank of Cleveland (FRBC) recently conducted talks on global financial stability in a conference held in the US. The BSP said in a statement that FRBC President and CEO Loretta J. Mester and BSP Senior Assistant Governor Joh

Peso at P54 remains competitive – Diokno

Outgoing Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno is not at all worried about the depreciating peso vis-à-vis the US dollar after hitting a 44-month low at P54 on Monday, and fast approaching P54.50 mid-day Tuesday. Diokno said the peso versus the strong greenback is still “doi

FSCC releases systemic risk crisis management framework

FSCC releases systemic risk crisis management framework
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BSP ready to protect peso, growth

The Bangko Sentral ng Pilipinas (BSP) is ready to implement a policy response to address global financial spillovers that could weaken the peso further and interrupt the flow of capital into the country that will affect the growth trajectory. The BSP is also prepared to time its exit strategy on gl

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