OFW remittances hit 5-month high in May

Credit to Author: The Manila Times| Date: Mon, 15 Jul 2019 09:59:50 +0000

MONEY sent home by overseas Filipino workers (OFWs) rose to a five-month high in May, Bangko Sentral ng Pilipinas (BSP) data showed on Monday. Personal remittances — made up of…READ

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New BSP chief wants to hasten cut in banks’ reserve requirement ratio

Credit to Author: The Manila Times| Date: Wed, 06 Mar 2019 04:44:35 +0000

NEWLY-appointed Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno on Wednesday wants to accelerate the reduction of banks’ reserve requirement ratio (RRR) following the lowering of inflation rate, which was expected to settle…READ

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Money supply growth accelerates amid slower bank lending in November

Credit to Author: The Manila Times| Date: Tue, 08 Jan 2019 08:41:36 +0000

MONEY supply growth accelerated in November despite slower bank lending, the Bangko Sentral ng Pilipinas (BSP) reported on Tuesday. Domestic liquidity or M3 expanded by 8.4 percent year-on-year to P11.250 trillion, faster than…READ

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