News

High capitalization, liquidity to help banks weather crises

PHILIPPINE BANKS remain well-capitalized and highly liquid, which will help them withstand credit and market shocks during crises, the Bangko Sentral ng Pilipinas (BSP) said.  The BSP has continued to implement structural reforms to ensure the financial strength and safety of its supervised banks, it said in an e-mail to BusinessWorld. “The adoption of sound governance and ri...

Read more

BSP sees 7.1-7.9% inflation in Oct.

INFLATION may accelerate as much as 7.9% in October, driven by rising food prices, higher transport fares and the peso depreciation, the Bangko Sentral ng Pilipinas (BSP) said on Monday. “The BSP projects October 2022 inflation to settle within the range of 7.1% to 7.9%,” it said in a statement.      If realized, October inflation would exceed the central bank&rsqu...

Read more