Bangko Sentral ng Pilipinas Gov. Benjamin Diokno has urged Filipinos to use electronic payments amid the Luzon-wide enhanced community quarantine (ECQ), to minimize face-to-face transactions and prevent the spread of Covid-19. “We can do our part in stopping...
The Bangko Sentral ng Pilipinas cut the reserve requirement ratio, effective March 30, for universal and commercial banks, after cutting policy rates last week. Bangko Sentral ng Pilipinas (BSP) Gov. Benjamin Diokno on Tuesday ordered a cut in the reserve requirement...
Warning of an economic downturn, the central bank on Thursday cut its policy rate and relaxed some regulations to help banks and businesses amid the Covid-19 pandemic. The Monetary Board, the policymaking body of the Bangko Sentral ng Pilipinas (BSP), cut the...
By PressOnePH Business By year-end, the Bangko Sentral ng Pilipinas (BSP) would have injected nearly enough fresh cash into the financial system to fund all projects of the government’s main infrastructure agency this year. Banks would be allowed to free up to P400...
By PressOnePH BSP Gov. Benjamin Diokno The Bangko Sentral ng Pilipinas (BSP) is going full-on growth mode.Just a day after slashing borrowing costs, the central bank announced on Friday that it ordered banks to free up around P100 billion from their vaults to support...
