A woman walks past signage displayed at the Bangko Sentral ng Pilipinas headquarters in Manila, the Philippines, on Thursday, Feb. 7, 2019. The Philippines' central bank does not see a strong reason for further policy rate cuts at this time, and key rates could remain unchanged for the rest of the year, its governor said on Monday. The Philippine central bank has created a committee to look at the feasibility and policy implications of issuing its own digital currency, Governor Benjamin Diokno said on Wednesday. “This time, I do not see a strong reason why we should have another policy cut,” Bangko Sentral ng Pilipinas Governor Benjamin Diokno told ANC news channel.

The Philippines central bank left its benchmark interest rate unchanged for a second straight policy meeting, while cutting inflation forecasts for this year and next. Latest headlines from central banks around the world, including the Bank of Japan and ECB. Latest from Bloomberg {{ currentStream.Name }} Related Video Up Next. News Wire; Investing; Aug 12, 2020 Philippine Central Bank Buys Almost Half of Government Borrowing. Reporting by Neil Jerome Morales and Enrico dela Cruz; Editing by Kim CoghillFILE PHOTO: A security guard stands beside a logo of the Bangko Sentral ng Pilipinas (Central Bank of the Philippines) posted at the main gate in Manila, Philippines April 28, 2016. That should support Philippine local bonds, which are the top performers in emerging markets this year after Argentina with an 18% return.The nation’s 10-yearyields have fallen to 2.77% from more than 5% in March, even as the government increased debt sales and projected a wider budget deficit.“There’s no reason for rates to go up,” said Alan Atienza, treasurer at Philippine Bank of Communications in Manila. No more rate cuts for the entire year is “a possibility”, he added. Bangko Sentral ng Pilipinas (BSP), the Philippine central bank, has become the latest to show interest in the central bank digital currency (CBDC).

Asian central banks pursue digital currency ambitions. Now Showing {{ video.Name }} Continuous Play: ON OFF The information you requested is not available at this time, please check back again soon.

Continuous Play: Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, is reportedly open to exploring potential investment deals from Qatar. MANILA (Reuters) - The Philippines’ central bank does not see a strong reason for further policy rate cuts at this time, and key rates could remain unchanged for the rest of the year, its governor said on Monday. The Southeast Asian nation, one of the fastest growing economies in Asia before the pandemic, suffered its first recession in 29 years as strict coronavirus lockdown measures ground economic activity to a halt in the second quarter. The project will build upon the central bank’s existing blockchain initiative Project Inthanon. The Bureau of the Treasury didn’t immediately respond to an email seeking confirmation of the data.There’s every likelihood the debt-purchase program could last beyond this year given the economy is mired in a recession, analysts including BPI’s Emilio Neri say.

The Bank of Thailand (BOT) announced on June 18 the project to develop the prototype of the payment system for businesses using a CBDC.

Claire Jiao and Ditas Lopez, Bloomberg News. The Philippines is the latest country to join the CBDC race.

, Bloomberg(Bloomberg) -- The Philippine central bank has helped finance almost half of the government’s local borrowings in the first seven months of the year, an unprecedented move that could keep debt yields low.Bangko Sentral ng Pilipinas’s bond purchases of about 800 billion pesos ($16 billion) is equivalent to 45% of the government’s domestic borrowings as of end-July, according to Bureau of the Treasury data compiled by Bloomberg and confirmed by analysts including from Bank of the Philippine Islands.About 500 billion pesos of the total purchases were in the secondary market, while the remainder was directly from the government. The Central Bank of the Philippines is the latest on the list of countries to exclusively express their interest in developing a central bank digital currency. Aug 12, 2020 {{ stock | formatPrefix }}{{ stock.netChng | formatNetChange }} The latest CBDC announcement from the Philippines has come after the nation’s Bureau of the Treasury, the Union Bank of the Philippines and the Philippine …