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

Statement from MalacaƱang Press Corps on addressing PBBM health-related matters

Mariing pinapalagan ng MalacaƱang Press Corps (MPC) ang alegasyong kami ay nagpapagamit sa MalacaƱang o di kaya’y nabayaran para pagtakpan ang totoong estado ng...

DOE eyes ā€˜weekly’ Earth Hour to boost PH energy conservation efforts

By Brian Campued In a bid to promote a whole-of-nation approach to energy efficiency, the Department of Energy (DOE) is preparing to launch a weekly...

DILG’s ā€˜Safer Cities’ policy not anti-poor —Palace

By Brian Campued The ā€œSafer Citiesā€ initiative of the Department of the Interior and Local Government (DILG) is meant to instill discipline among the youth...

P10/L fuel subsidy for PUV drivers to begin April 14 —LTFRB

By Brian Campued Following President Ferdinand R. Marcos Jr.’s announcement of new initiatives to cushion the impact of surging fuel prices in the country, the...