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cash Remittances

Cash remittances reach $2.4B in Jan

By Lee C. Chipongian  The Bangko Sentral ng Pilipinas (BSP) on Thursday said cash remittances in January amounted to $2.38 billion, up 9.7 percent from the…

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BSP forecasts February inflation of 4%-4.8%

By Lee Chipongian The Bangko Sentral ng Pilipinas (BSP) sees inflation rate peaking at 4.8 percent for the month of February – more than the…

A motorcycle passes a building of the Bangko Sentral ng Pilipinas in Manila. (REUTERS/Romeo Ranoco/File Photo / MANILA BULLETIN)

BSP cuts reserve ratio by 1 percentage point

By Reuters The Bangko Sentral ng Pilipinas said on Thursday it was reducing banks’ reserve requirement ratio by 1 percentage point, saying it will support its shift…