BSP’s money boost order looks to offset infrastructure slump

BSP’s money boost order looks to offset infrastructure slump

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...
Central bank cuts reserve requirement to boost lending amid Covid-19 pandemic

Diokno goes full-on growth mode, slashes bank reserves

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...
Slow gov’t spending tames BSP ammunition on money supply

Slow gov’t spending tames BSP ammunition on money supply

By PressOnePH Business Billions of pesos in bank reserves made available by the central bank for borrowers have so far proven ineffective in accelerating lending, providing another indication that second-quarter economic growth would likely disappoint when reported...