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Jan 23 2021 
BSP seen unlikely to touch rates this year
The Philippine central bank would probably pause monetary easing this year until previous rate cuts lead to substantial credit growth, according to Standard Chartered Bank.
The Bangko Sentral ng Pilipinas is likely to bring down banks’ reserve requirements further instead to boost liquidity, Chidu Narayanan, an economist at the foreign bank, told an online news briefing…
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Jan 23 2021 
BSP sees benign inflation until 2022
INFLATION is expected to stay within the target range over the next two years, despite a recent uptick in global oil prices as well as food prices due to supply disruptions caused by typhoons, the central bank said.
“We do not have soaring prices so there’s no stagflation happening and we do not think that’s really…
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Jan 23 2021 
Bank’s confidence in handling cyber-threats declines in 2020“
LOCAL banks’ confidence in handling cyber financial threats slightly declined in 2020 as digital payments surged in the midst of lockdowns and movement restrictions to curb the pandemic.
A recent Bangko Sentral ng Pilipinas (BSP) survey showed that only 58.3 percent of banks are “prepared” to handle and manage cyber security threats (cyber-threats). This is lower…
