Tag: Bangko Sentral ng Pilipinas
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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…