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MACTAN, Cebu—The Bangko Sentral ng Pilipinas (BSP) has no plans to break its easing cycle despite the country’s slower-than-expected growth in the third quarter and the uncertainties surrounding the Trump administration in the United States. However, BSP Governor Eli M. Remolona Jr. told reporters here on Tuesday that the Monetary Board will still leave room […]
After GCash faced issues last weekend involving unauthorized deductions on affected accounts, the BSP issued a statement regarding the November 9 incident. In its statement, the BSP urges GCash to resolve the unauthorized transactions immediately and submit regular updates on its actions on the matter. The BSP assures the public that it is closely coordinating […]
As expected, the Monetary Board of the Bangko Sentral ng Pilipinas (BSP) reduced key rates by another 25 basis points (bps) on Wednesday, bringing to 6% the benchmark rate. This is the second reduction of key rates by the BSP this year following the 25 bps cut on August 15.The BSP cited better inflation for […]