Tag: Bangko Sentral ng Pilipinas
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BSP Warns of Wider BOP Deficit in 2026 Amid Global Headwinds
Overview: BSP Revises Downward Its 2026 BOP Forecast The Bangko Sentral ng Pilipinas (BSP) has revised its expectations for the country’s balance of payments (BOP) deficit, warning that external headwinds could widen the gap in 2026. The central bank’s latest quarterly forecast reflects a more cautious view on capital flows, export demand, and global financial…
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Banks Reduce Real Estate Exposure in Philippines Amid Market Volatility
Overview: Banks dial back real estate exposure Philippine banks and trust entities trimmed their exposure to the volatile real estate sector to 19.54% of total assets as of the end of September. This marks the lowest share in two quarters, according to data compiled by the Bangko Sentral ng Pilipinas (BSP). The move reflects a…
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Philippine Remittances Rise in October, Growth Slows
Overview: October remittances rise but at a slower pace Cash remittances from overseas Filipinos rose again in October, according to data released by the Bangko Sentral ng Pilipinas (BSP). The month marked a continuation of the upward trend that began earlier in the year, but the pace of growth cooled from the strong surge observed…
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Philippine Remittances Continue to Rise in October, but Growth Slows
October remittances rise, but pace softens Remittances from overseas Filipino workers (OFWs) rose again in October, though the pace of growth cooled compared with the previous month’s surge. The latest release from the Bangko Sentral ng Pilipinas (BSP) confirms a sustained inbound flow of cash from Filipinos working abroad, supporting household finances and domestic consumption…