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Inflation may hit 7.7% in October, exceed 8% in November
Philippine inflation could accelerate to 7.7% in October and exceed 8% in November as higher transport fares, wage adjustments, and peso depreciation add to household costs.
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Financial Literacy
More than half of Filipinos need to borrow to cover a month of expenses
The BSP’s 2025 Consumer Finance and Inclusion Survey found that around 48% of Filipino adults could cover at least one month of living expenses without borrowing. The findings also point to gaps in financial knowledge, account ownership, and household financial resilience.
3 min read
News
BREAKING: Peso hits ₱64 per dollar for the first time
The Philippine peso breached ₱64 per US dollar during intraday trading on October 27 for the first time, extending its record-setting decline against the greenback.
2 min read
Advisories
BSP raises key rate to 5.5% as inflation pressures build
The BSP raised its key policy rate to 5.50% as oil prices, transportation fares, and agricultural risks threaten to keep inflation elevated through 2027.
2 min read
Financial Literacy
BSP, BMAP, BetterGov.ph team up to help Filipinos fight online scams
BSP, BMAP, BetterGov.ph, Metrobank, and ASEAN partners are strengthening scam prevention through ScamCheck.ph, public education, and coordinated reporting efforts.
3 min read
News
OFWs send less money home as remittances hit three-month low
Cash remittances reached $3.03 billion in August, the lowest monthly level in three months, as the peso weakened and global uncertainties weighed on overseas Filipino workers.
2 min read
News
Finance chief wants OFWs to pay less in money transfer fees
Finance Secretary Frederick Go wants international remittance fees lowered to around 2%, aiming to help OFWs send more money home as August remittances dip.
2 min read
News
BSP governor earns third consecutive A- rating from Global Finance
BSP Governor Eli Remolona Jr. received an A- rating in Global Finance’s 2026 Central Banker Report Cards, his third consecutive year earning the distinction.
1 min read
Advisories
Got a message that feels like a scam? Try checking it with this new AI tool
BMAP has launched ScamCheck.ph, an AI-assisted tool that lets Filipinos assess suspicious messages and emails as part of a regional push to prevent online fraud.
3 min read
News
PH changes bond rules to attract more foreign money
The Philippines will align bond pricing with international standards starting January 4, 2027, in a move intended to attract foreign investors and potentially lower borrowing costs.
2 min read
News
Peso falls to historic low ₱62.90
The peso closed at a record-low ₱62.90 per dollar as expectations of higher US interest rates strengthened the dollar and Philippine foreign reserves fell below $100 billion.
2 min read
Financial Literacy
September got more expensive as inflation climbed to 7.2%
September inflation reached 7.2%, with higher food, fuel, transport, and utility costs putting more pressure on Filipino household budgets.
3 min read