Tag: BSP
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Oil relief meets rate-hike jitters at T-bill auction
Treasury bill yields ended mixed on Monday as investors weighed the impact of fresh government debt supply against easing inflation concerns following a breakthrough peace agreement in the Middle East that triggered a sharp decline in global oil prices.
IMF flags legal, cyber risks in digital peso push
The International Monetary Fund (IMF) has urged the Bangko Sentral ng Pilipinas (BSP) to strengthen its legal, operational, and cybersecurity foundations as it advances plans to explore a wholesale central bank digital currency (wCBDC), highlighting the growing complexity of building next-generation financial infrastructure.
GCash ditch SMS codes in major anti-fraud push
GCash will complete its transition from SMS-based one-time passwords (OTPs) to in-app authentication by June 22, marking a major cybersecurity upgrade aimed at protecting millions of users from phishing attacks and online fraud.
Transport costs cool, but core inflation firms in May
Philippine headline inflation eased to 6.8 percent in May from 7.2 percent in April, coming in below the Bangko Sentral ng Pilipinas’ (BSP) projected range of 7.1 percent to 7.9 percent as transport costs and food price increases moderated, according to data released Friday by the Philippine Statistics Authority (PSA).
Strong demand steadies T-bill yields amid inflation worries
Treasury bill yields were mixed at Monday’s auction as robust investor demand helped temper the impact of mounting inflation concerns on short-term government debt.
