The Bangko Sentral ng Pilipinas (BSP) announced on Thursday a reduction of its policy rate by 25 basis points (bps), marking the beginning of an easing cycle in response to anticipated softer inflation. Bps is a unit of measure commonly used to describe changes in interest rates, bond yields, and other financial instruments. One basis...
The Bangko Sentral ng Pilipinas (BSP) is aiming to revolutionize the Philippine payment landscape by exploring a policy that would make QR code payments free for everyone, potentially leading to wider adoption and greater financial inclusion. A draft circular that is currently under review suggests that payment service providers (PSPs) should offer services like the...