The Bangko Sentral ng Pilipinas (BSP) expects a bigger balance of payments (BOP) deficit of $6.3 billion for this year from its previous estimate of $4.3 billion amid external challenges which continue to build up. The BSP on Friday, June 17, announced the revised BOP deficit projection on the back
The Bangko Sentral ng Pilipinas (BSP) forecasts a high of five percent inflation rate for the month of April from four percent in March on the back of increased power, fuel and meat prices. The BSP has a forecast range of 4.2 percent to five percent for April inflation.
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The Bangko Sentral ng Pilipinas (BSP) expects a balance of payments (BOP) deficit of $4.3 billion this year, reversing an earlier estimate of $700 million surplus, due to global uncertainties amid the Russia-Ukraine war and from the effect of higher import demand as the local economy starts to open
The Bangko Sentral ng Pilipinas (BSP) remains watchful and is closely monitoring possible risks to the inflation outlook but sees no clearer signs of second-round effects despite persistent talks of transport and wage hikes amid higher oil and food prices. BSP Governor Benjamin E. Diokno in a press
The central bank’s Monetary Board on Thursday, Feb. 17, has decided to not change the two percent rate for the overnight reverse repurchase facility given the manageable inflation path despite higher food and oil prices. The Bangko Sentral ng Pilipinas (BSP) has put off monetary policy actions for