BSP has injected PHP1.9 trillion (approx US$39.2 billion) liquidity into the financial system

BSP PR

The BSP has injected approximately PHP 1.9 trillion ( or US$39.2 billion) in liquidity into the financial system. This is equivalent to 9.6 percent of GDP.

The amount includes the new provisional advance of PHP 540 billion which is targeted to be released first week of October 2020.

The BSP is working hand-in-hand with the National Government to ensure that the coronavirus pandemic will leave little permanent scar on the Philippine economy and its people.

Popular

Palace slams Imee’s ‘baseless’ claims; PBBM unfazed by destabilizers, obstructionists

By Dean Aubrey Caratiquet “Hindi mabigat ang alegasyon ni Senator Imee—walang basehan. Kuwentong walang kuwenta, kuwentong kutsero.” President Ferdinand R. Marcos Jr. remains unbothered by political...

PH economy remains resilient amid various domestic issues

By Dean Aubrey Caratiquet Malacañang announced on Tuesday that the country’s economy remains strong in the face of various issues that plague the administration of...

PBBM appoints new DOJ chief

By Dean Aubrey Caratiquet A month after appointing former Department of Justice (DOJ) Secretary Jesus Crispin Remulla as the new Ombudsman, President Ferdinand R. Marcos...

PBBM visits Tino-hit Negros Occidental

By Brian Campued As part of the administration’s commitment to supporting the recovery of communities devastated by recent calamities, President Ferdinand R. Marcos Jr. visited...