BSP explores AI and machine learning strategies to better understand the economy and the financial system in the Philippines.
Bangko Sentral ng Pilipinas (BSP)
The Bangko Sentral ng Pilipinas remains positive about the Philippines’ Economic Recovery despite the recent event in China, Russia, and Ukraine.
BSP approves the amendment on the computations of banks’ capital adequacy ratio in the Philippines.
The BSP continues to facilitate technical assistance for the digitization initiatives as the Philippines recovers from the COVID-19 pandemic.
BSP authorities are monitoring developments worldwide to get insight into their impact on inflation and other effects in the Philippines.
BSP calls for more strategic actions towards sustainable financing to help boost and secure a robust post-pandemic economy in the Philippines for 2022.
The Bangko Sentral ng Pilipinas (BSP) urges financial institutions to merge with other local banks for extensive and more substantial growth to refrain from unexpected events that cause a widespread impact on the economy.
The Bangko Sentral ng Pilipinas (BSP) once again stated that the price hike is not a monetary policy and the price surge will most probably be on the supply side.
The Bangko Sentral Ng Pilipinas (BSP) is likely to lift the limit on the number of allowed digital banks in the Philippines.
On Monday, June 14, the Bangko Sentral ng Pilipinas (BSP) announced an increase in applications from entities seeking to enter the newly created digital banking space in the Philippines as more consumers shift from traditional to electronic channels.