Benjamin Diokno

Last updated on 2017-10-18T08:05+0300.

About this image

sign

Quotes... Extracted quotes from

Benjamin Diokno said : "The Philippines entered into the global pandemic from a position of strength thus the sound fundamentals will lend support and propel the economy to strong recovery in the coming years," External link

abs-cbnnews Wednesday, July 8, 2020 9:50:00 AM EAT

Benjamin Diokno said : "Our experience with COVID-19 highlighted the increasing importance of digital transactions," "It is observed that the volume and value of the combined transactions of Pesonet and Instapay during the lockdown surged while the volume and value of check payments and ATM withdrawals declined," External link

abs-cbnnews Wednesday, July 8, 2020 9:50:00 AM EAT

Benjamin Diokno said : "Kung nahihirapan ka rin magbayad ng interes eh puwede mo naman kausapin ang mga bangko kasi tinulungan namin ang bangko," External link

abs-cbnnews Monday, July 6, 2020 10:30:00 AM EAT

Benjamin Diokno said : "Hindi po tayo dapat ma-bother na maliit ngayong taon na ito, sa tingin po namin ay temporary lang itong nangyari sa atin. Dapat siguro mag export pa tayo ng maraming doktor, nurses, computer specialists in the future," External link

abs-cbnnews Monday, July 6, 2020 10:30:00 AM EAT

Benjamin Diokno said : "The international scandal used the names of the Philippines’ 2 biggest banks, an attempt to cover the perpetrators track," External link

abs-cbnnews Monday, July 6, 2020 10:30:00 AM EAT

Benjamin Diokno said : “There are some activities that may not be able to take off at this time but there are some [that are] ready. Maybe about 70 percent of the economy can move forward,” External link

manilatimes Thursday, July 2, 2020 4:10:00 PM EAT

Benjamin Diokno explained : “The agreement signed today links the BSP’s Monetary Operations System (MOS) and the BTr’ National Registry of Scripless Securities (NRoSS). The connectivity of the MOS and NRoSS is the main infrastructure that would allow the issuance to be possible and would make the features of the BSP securities negotiable and attractive to the market,” External link

tribuneonline Wednesday, July 1, 2020 10:45:00 PM EAT

Benjamin Diokno said : “The main purpose for the issuance of BSP securities is to manage liquidity in the financial system to support monetary policy transmission. The funds will remain locked away at the BSP until the securities mature or redeemed by the BSP before the original maturity date,” “In the meantime, the accepted interest rate for the BSP securities provides guidance for the market interest rates for similar instruments,” External link

tribuneonline Wednesday, July 1, 2020 10:45:00 PM EAT

Benjamin Diokno concluded : “Looking ahead, the BSP will continue to monitor evolving economic and financial conditions to ensure that the monetary policy stance remains consistent with the BSP’s price stability mandate,” External link

tribuneonline Wednesday, July 1, 2020 9:09:00 PM EAT

Benjamin Diokno explained : “Human behavior is expected to change with social distancing as the new norm. People are expected to prefer using electronic payment and financial services to face-to-face and over-the-counter transactions,” “We need to quicken the adoption of the National QR (quick response) code standard to enable interoperable payments for person-to-person and person-to-merchant transactions,” External link

tribuneonline Wednesday, July 1, 2020 9:09:00 PM EAT

Benjamin Diokno said : “Renowned for their agility, adaptability and digital fluency, fintechs are uniquely positioned to support the country’s bid to shape a new economy that is more resilient, inclusive and technology-enabled,” External link

tribuneonline Wednesday, July 1, 2020 9:09:00 PM EAT

Benjamin Diokno said : “This is an extraordinary situation but hopefully we will not hit the negative real interest rate. But even if that should happen, that is a come on for consumers to spend their money on worthwhile projects because why would one deposit money in the bank when one is not getting real interest?” External link

tribuneonline Wednesday, July 1, 2020 9:09:00 PM EAT

Benjamin Diokno said : “Higher gasoline, diesel and kerosene prices as well as the uptick in the price of rice due to supply bottlenecks contributed to positive price pressures during the month,” External link

manilatimes Wednesday, July 1, 2020 7:43:00 PM EAT

Benjamin Diokno added : “One of the priority policy initiatives lined up is open banking,” External link

manilastandardtoday Wednesday, July 1, 2020 1:53:00 PM EAT

Benjamin Diokno said : “The negative impact of the Covid-19 (coronavirus disease 2019) crisis is harsher than what was originally thought,” External link

manilatimes Monday, June 29, 2020 8:02:00 PM EAT

Benjamin Diokno said : “Inflation is the least of our worry at this time. We want people to spend money, in worthwhile projects. If you want to invest in a new house do it now, because conditions really are to your favor. Interest rates are so low and it will remain low for quite some time,” External link

abs-cbnnews Monday, June 29, 2020 8:15:00 AM EAT

Benjamin Diokno said : "The option to cut the RRR remains on the table as we’re monitoring the liquidity in the system," "We have not actually fully opened the economy so we don’t know what would be the behavior of consumers and banks as we open up the economy," External link

abs-cbnnews Monday, June 29, 2020 6:42:00 AM EAT

Benjamin Diokno said : “We continue to work closely with the fiscal authorities. We can act faster because the central bank is autonomous. We don’t need Congressional action or something like that. So, we thought that given the pandemic, we have to infuse liquidity into the system,” External link

pna Friday, June 26, 2020 8:02:00 AM EAT

Benjamin Diokno said : “Because of the pandemic, government revenues are reduced and at the same time, the government has to spend a lot of money for granting aid, subsidies, and for beefing up our health system. So higher spending, lower revenues. They need money, so we create them. We entered (into) a repo arrangement with them,” External link

pna Friday, June 26, 2020 8:02:00 AM EAT

Benjamin Diokno said : “At its meeting on monetary policy today, the MB decided to cut the interest rate on the BSP’s overnight reverse repurchase (RRP) facility by 50 basis points to 2.25 percent, effective Friday, 26 June 2020,” “The interest rates on the overnight deposit and lending facilities were reduced to 1.75 percent and 2.75 percent, respectively,” External link

tribuneonline Thursday, June 25, 2020 11:05:00 PM EAT

Benjamin Diokno explained : “Given these considerations, the MB decided that a further reduction in the policy rate amid a benign inflation environment would help mitigate the downside risks to growth and boost market confidence,” External link

tribuneonline Thursday, June 25, 2020 11:05:00 PM EAT

Benjamin Diokno concluded : “The BSP remains committed to deploying its full range of monetary instruments and regulatory relief measures as needed in fulfillment of its mandate to promote non-inflationary and sustainable growth,” External link

tribuneonline Thursday, June 25, 2020 11:05:00 PM EAT

Benjamin Diokno said : “The Monetary Board decided that a further reduction in the policy rate amidst a benign inflation environment would help mitigate the downside risks to growth and boost market confidence,” External link

news-yahoo Thursday, June 25, 2020 12:03:00 PM EAT

Benjamin Diokno said : “Keeping an accommodative stance will further ease the cost of borrowing and ensure ample credit and liquidity in the financial system as the economy transitions toward recovery in the coming months,” External link

news-yahoo Thursday, June 25, 2020 12:03:00 PM EAT

Benjamin Diokno said : "The international financial scandal used the names of two of the country's biggest banksBDO and BPIin an attempt to cover the perpetrators attack," External link

manilastandardtoday Wednesday, June 24, 2020 7:32:00 PM EAT

Benjamin Diokno said : “There’s too much liquidity in the system, so we have to seriously look at whether there’s a need for an additional cut in reserve requirement,” External link

news-yahoo Monday, June 22, 2020 10:19:00 AM EAT

Benjamin Diokno said : “The initial report is that no money entered the Philippines and that there is no loss to both banks,” External link

JakartaPost Monday, June 22, 2020 7:07:00 AM EAT

Benjamin Diokno told : "Will there be a cut in the June to August meeting? We're looking at it and we're looking at information," External link

abs-cbnnews Monday, June 22, 2020 5:43:00 AM EAT

Benjamin Diokno said : "The initial report is that no money entered the Philippines and that there is no loss to both banks," "The international financial scandal used the names of two of the country's biggest banks - BDO and BPI - in an attempt to cover the perpetrators' track," External link

dw-en Sunday, June 21, 2020 11:55:00 PM EAT

Benjamin Diokno said : “The initial report is that no money entered the Philippines and that there is no loss to both banks,” External link

TheFrontierPost-en Sunday, June 21, 2020 11:48:00 PM EAT

Benjamin Diokno said : “The initial report is that no money entered the Philippines and that there is no loss to both banks,” External link

news-yahoo Sunday, June 21, 2020 3:02:00 PM EAT

Benjamin Diokno said : “The international financial scandal used the names of two of the country’s biggest banks — BDO and BPI — in an attempt to cover the perpetrators’ track,” External link

news-yahoo Sunday, June 21, 2020 3:02:00 PM EAT

Benjamin Diokno said : "The initial report is that no money entered the Philippines and that there is no loss to both banks," External link

news-yahoo Sunday, June 21, 2020 1:24:00 PM EAT

Benjamin Diokno said : “The initial report is that no money entered the Philippines and that there is no loss to both banks,” External link

thenational Sunday, June 21, 2020 11:45:00 AM EAT

Benjamin Diokno said : “The initial report is that no money entered the Philippines and that there is no loss to both banks,” External link

bloomberg Sunday, June 21, 2020 8:37:00 AM EAT

Benjamin Diokno said : “The international financial scandal used the names of two of the country’s biggest banks — BDO and BPI — in an attempt to cover the perpetrators’ track,” External link

bloomberg Sunday, June 21, 2020 8:37:00 AM EAT

Benjamin Diokno said : "The initial report is that no money entered the Philippines and that there is no loss to both banks," External link

channelnewsasia Sunday, June 21, 2020 8:34:00 AM EAT

Benjamin Diokno said : “The initial report is that no money entered the Philippines and that there is no loss to both banks,” External link

themalaymailonline Sunday, June 21, 2020 8:09:00 AM EAT

Benjamin Diokno said : "The initial report is that no money entered the Philippines and that there is no loss to both banks," External link

4-traders Sunday, June 21, 2020 8:01:00 AM EAT

Benjamin Diokno said : "The initial report is that no money entered the Philippines and that there is no loss to both banks," External link

4-traders Sunday, June 21, 2020 7:09:00 AM EAT

Benjamin Diokno said : “The BSP has fortified its rules on DOSRI to deter any opportunistic acts of directors, officers, stockholders and related interests (DOSRI) of banks,” “DOSRI rules are strictly enforced and violations of such rules are serious in nature and are not treated lightly by the BSP,” External link

pna Friday, June 19, 2020 10:02:00 AM EAT

Benjamin Diokno said : “However, considering that this is already under investigation, as well as the confidentiality of matters involving banks as provided for under its charter, the BSP cannot comment further,” External link

manilatimes Tuesday, June 16, 2020 8:11:00 PM EAT

Benjamin Diokno said : "not a major blow to our external position," "We still expect a positive balance of payment position," External link

abs-cbnnews Tuesday, June 16, 2020 5:20:00 AM EAT

Benjamin Diokno said : “This is due mainly to large repatriation of workers and major economic disruptions in host countries. The OF remittances is expected to bounce back by 4 percent in 2021, however,” External link

tribuneonline Saturday, June 13, 2020 1:03:00 AM EAT

Benjamin Diokno explained : “Despite being resilient in past crises, OF remittances is seen to contract by 5 percent, a reversal from the 3 percent growth in the November 2019 projection. This is due mainly to large repatriation of workers and major economic disruptions in host countries,” “The OF remittances is expected to bounce back by 4 percent in 2021, however,” External link

tribuneonline Saturday, June 13, 2020 1:03:00 AM EAT

Benjamin Diokno said : “The overall BoP levels in 2020 and 2021 are projected to sustain the current surplus trend, though at levels lower than prior to the COVID-19 pandemic,” “BoP as percent of GDP (gross domestic product) will fall from 0.7 (as of November 2019) to 0.2 (as of May 2020); it will increase to 0.6 by 2021,” External link

tribuneonline Saturday, June 13, 2020 1:03:00 AM EAT

Benjamin Diokno said : “This is due mainly to large repatriation of workers and major economic disruptions in host countries. [But] remittances are expected to bounce back by a 4-percent [growth] in 2021,” External link

manilastandardtoday Friday, June 12, 2020 5:00:00 PM EAT

Benjamin Diokno said : “Despite being resilient in past crises, OFW remittances are seen to contract by 5 percent, a reversal from the 3 percent growth in the November 2019 projection,” External link

manilatimes Friday, June 12, 2020 8:17:00 AM EAT

Benjamin Diokno said : “While we have temporarily veered our attention away from the Road to A agenda because our focus at the moment is on saving lives, jobs and livelihoods, we welcome positive assessments from international observers like JCR,” “We hope this helps to uplift the Filipino spirit at this trying time and to inspire us to work harder together to emerge stronger after the pandemic,” External link

tribuneonline Thursday, June 11, 2020 10:40:00 PM EAT

Benjamin Diokno said : “If there’s a need for further loosening, we will apply the full powers of the central bank,” “I’m not saying we’re not gonna cut this year, or in the next meeting, but we’re closely looking at the data” External link

tribuneonline Monday, June 8, 2020 8:00:00 PM EAT

Benjamin Diokno said : “Hindi namin pwedeng i-pwersa yung bangko, diskarte ng bangko yan,” External link

abs-cbnnews Monday, June 8, 2020 11:58:00 AM EAT

Benjamin Diokno said ( about Labor ) : “The increase in unemployment in April does not reflect the true state of the economy and the jobs market. It was more a result of the policy decision to save lives in response to the COVID -19 (coronavirus disease) pandemic,” “Note that the April 2020 Labor Force Survey (LFS)was conducted from 20 April to 16 May, at the height of the ECQ. A big part of the economy was shuttered; the consequent rise in joblessness was State-induced,” External link

tribuneonline Saturday, June 6, 2020 7:54:00 PM EAT

Benjamin Diokno said : “I’m confident that the next jobs report which is due in August 2020 will show a starkly different picture. The next LFS will be conducted from 20 July to 15 August,” “Moving forward, as the containment measures are relaxed nationwide, job recovery is expected. But as job loss was uneven during the lockdown, so will job creation in the transition,” External link

tribuneonline Saturday, June 6, 2020 7:54:00 PM EAT

Benjamin Diokno concluded : “The BSP is committed to stave off prolonged and deeper economic contraction. We, therefore, reiterate our support for carefully coordinated actions with other government authorities, as well as pending stimulus bills in Congress aimed at responding to the evolving needs of the economy as it transitions into new economic realities amid the ongoing pandemic,” External link

tribuneonline Saturday, June 6, 2020 7:54:00 PM EAT

Benjamin Diokno explained : “Meanwhile, global rice prices continue to increase, owing to lower output among major rice producers in the Asean (Association of Southeast Asian Nations) region amid the ongoing drought in the Mekong Delta,” External link

manilatimes Friday, June 5, 2020 9:33:00 PM EAT

Benjamin Diokno said : “With the significant shift to digital financial services, it is critical to be vigilant against fraudsters and cyber criminals who take advantage of this change in consumer behavior,” External link

manilatimes Friday, June 5, 2020 8:04:00 PM EAT

Benjamin Diokno explained : “These phishing emails initially appear to provide information and how a person can protect himself or herself from Covid-19. Some even contain legitimate statements/advice from public officials or valid sources, but they are actually loaded with spyware,” External link

manilatimes Friday, June 5, 2020 8:04:00 PM EAT

Benjamin Diokno said : “Proper cyber hygiene and ensuring strict confidentiality of personal information are some of the most basic, but effective means of avoiding frauds,” External link

manilatimes Friday, June 5, 2020 8:04:00 PM EAT

Benjamin Diokno said : “Now, to ensure the financial services industry remains cyberresilient, the BSP put in place initiatives that support its regular supervisory activities,” External link

manilatimes Friday, June 5, 2020 8:04:00 PM EAT

Benjamin Diokno explained : “Meanwhile, global rice prices continue to increase, owing to lower output among major rice producers in the Asean (Association of Southeast Asian Nations) region amid the ongoing drought in the Mekong Delta,” External link

manilatimes Friday, June 5, 2020 6:22:00 PM EAT

Benjamin Diokno said : “Inflation has monotonically dropped from 2.9 percent in January to 2.6 percent in February to 2.5 percent in March to 2.2 percent in April and now to 2.1 percent in May. The latest inflation number is consistent with the prevailing assessment by the BSP that inflation is expected to remain benign over the policy horizon due largely to the adverse impact of the coronavirus pandemic on the domestic and global economy,” External link

manilastandardtoday Friday, June 5, 2020 5:03:00 PM EAT

Benjamin Diokno said : “Right now, we’re happy where the current policy rate is,” External link

bworldcom Thursday, June 4, 2020 1:32:00 AM EAT

Benjamin Diokno said : “As we advance from the current crisis to the New Economy state, we need urgent reforms in the areas of public health, social protection, disaster response and countryside development. Reinforcing all these reforms is the digital imperative,” “The end goal is to have a New Economy, which ought to be safe, better and more technologically equipped than what we had before,” External link

tribuneonline Wednesday, June 3, 2020 10:54:00 PM EAT

Benjamin Diokno explained : “Furthermore, we should fully operationalize the national ID system, pursue further efforts toward e-government services, provide enabling legal and regulatory environment and communicate the benefits of all of these to the public,” External link

tribuneonline Wednesday, June 3, 2020 10:54:00 PM EAT

Benjamin Diokno said : “Lending to vulnerable sectors, led by MSMEs, will go a long way in helping speed up the economy’s recovery,” External link

manilatimes Wednesday, June 3, 2020 8:46:00 PM EAT

Benjamin Diokno said : “Right now, we’re happy where the current policy rate is,” External link

news-yahoo Wednesday, June 3, 2020 1:52:00 PM EAT

Benjamin Diokno said : "It's good that we have opened up the economy especially for the MSMEs," External link

abs-cbnnews Tuesday, June 2, 2020 6:17:00 AM EAT

Benjamin Diokno said : “Thanks to critical institutional reforms and sound policy management, we are in the advantageous position of having monetary space to carry out further easing, if necessary,” External link

tribuneonline Sunday, May 31, 2020 3:52:00 PM EAT

Benjamin Diokno said : "This is a big vote of confidence coming from the rating agency on the post-pandemic economic recovery of the Philippines," External link

abs-cbnnews Sunday, May 31, 2020 3:36:00 PM EAT

Benjamin Diokno said : "The Philippines is defying the global trend of rating downgrades and negative rating outlook as an aftermath of the health crisis and the subsequent containment measures of many governments," External link

abs-cbnnews Sunday, May 31, 2020 3:36:00 PM EAT

Benjamin Diokno said : “With the unprecedented coronavirus pandemic and its adverse impact on global outlook and investor confidence, we recognize that any projection on external account performance would only be tentative and would have a high level of uncertainty,” “By necessity, forecast will be based on some scenario assumptions and estimates which would tend to have considerable uncertainty as they impact on the baseline projection prior to the coronavirus outbreak,” External link

tribuneonline Saturday, May 30, 2020 12:06:00 AM EAT

Benjamin Diokno said : “the decision to unwind Covid-19 policy responses must be done in a gradual, prudent and informed manner” “Complete risk assessment based on all available data must support the decision and timing of unwinding. Likewise, appropriate communication must accompany the decision to unwind,” External link

manilatimes Friday, May 29, 2020 9:44:00 PM EAT

Benjamin Diokno explained : “Higher domestic oil prices, as well as the uptick in the prices of various agricultural products due to supply bottlenecks and the impact of Typhoon ‘Ambo’ (international name: Vongfong) contributed to positive price pressures during the month,” External link

manilatimes Friday, May 29, 2020 8:57:00 PM EAT

Benjamin Diokno said ( about Manila Electric ) : “Meanwhile, the electricity rates in Meralco (Manila Electric Co.)-serviced areas declined during the month despite the reported increase in the total electricity bill due to higher consumption,” External link

manilatimes Friday, May 29, 2020 8:57:00 PM EAT

Benjamin Diokno said : “Moving forward, the BSP will remain watchful of economic and financial developments, and stand ready to take necessary policy actions to ensure the delivery of its primary mandate of price stability,” External link

manilatimes Friday, May 29, 2020 8:57:00 PM EAT

Benjamin Diokno said : “With the unprecedented coronavirus pandemic and its adverse impact on global outlook and investor confidence, we recognize that any projection on external account performance would only be tentative and would have a high level of uncertainty,” External link

manilatimes Thursday, May 28, 2020 8:07:00 PM EAT

Benjamin Diokno pointed out : “The crisis has exposed the vulnerabilities and gaps in existing processes and systems that we need to swiftly deal with to cover lost momentum because of the COVID-19,” External link

bworldcom Wednesday, May 27, 2020 12:35:00 PM EAT

Benjamin Diokno told : "Given the subdued inflation, we might cut again...Right now we’re at 2.75 coming from 4 percent. We still have a lot of elbow room, I can tell you that," External link

abs-cbnnews Monday, May 25, 2020 5:25:00 AM EAT

Benjamin Diokno added : “even in the context of retaliatory tariffs between US and China, the country’s exports have remained broadly stable” External link

manilatimes Sunday, May 24, 2020 9:02:00 PM EAT

Benjamin Diokno added : “while the Philippines has been recognized as one of the top investment destinations post-COVID-19, the Executive, Congress, and the private sector have to unceasingly do more to further boost the country’s attractiveness to foreign investors” External link

pna Saturday, May 23, 2020 2:06:00 PM EAT

Benjamin Diokno said : “the political leadership and economic managers should focus on saving lives, saving livelihoods and saving jobs” External link

bworldcom Saturday, May 23, 2020 8:41:00 AM EAT

Benjamin Diokno said : “The BSP [is] yet to exhaust the conventional monetary instruments in its toolkit to support the liquidity requirements of the economy, should conditions warrant,” External link

manilatimes Friday, May 22, 2020 9:46:00 PM EAT

Benjamin Diokno said : “The crisis has bared the vulnerabilities and gaps in existing processes and systems that we need to swiftly deal with to cover lost momentum because of Covid-19,” External link

manilatimes Friday, May 22, 2020 9:46:00 PM EAT

Benjamin Diokno said : “as technology will play a pivotal role in reshaping the means of production and the delivery of goods and services in the post-Covid world,” External link

manilatimes Friday, May 22, 2020 9:46:00 PM EAT

Benjamin Diokno said : “This will help ensure that food and other essential goods and services are available, accessible and affordable,” “For example, an efficient logistics system for agriculture facilitates the transport of agricultural inputs including farm equipment and machinery to farmers to keep food production uninterrupted,” External link

manilatimes Friday, May 22, 2020 9:46:00 PM EAT

Benjamin Diokno said : “We expect financial institutions to provide and communicate the least burdensome payment options to their clients,” “They must consider this as their patriotic duty to help the public, especially the micro, small and medium enterprises during this challenging time” External link

inquirer Friday, May 22, 2020 2:05:00 AM EAT

Benjamin Diokno said : “But for sure, we are better prepared this time than in 1997,” External link

inquirer Friday, May 22, 2020 2:05:00 AM EAT

Benjamin Diokno said : “I wish it were under better circumstances that I will say this, but the fintech community has a lot to look forward to and even more to contribute in the shaping of the new economy — one defined by shared and sustainable prosperity,” “With our collective efforts, may we be able to look back at this crisis with no regrets for wasted opportunities,” External link

manilatimes Wednesday, May 20, 2020 9:57:00 PM EAT

Benjamin Diokno said : "Hinay-hinay lang po tayo (Let's be careful) but I can assure you that if there is a need for additional liquidity, BSP will cut the reserve requirement," External link

abs-cbnnews Wednesday, May 20, 2020 1:12:00 PM EAT

Benjamin Diokno said : “As a percentage of GDP, debt was estimated at below 40 percent as of end-2019,” External link

manilatimes Tuesday, May 19, 2020 11:36:00 PM EAT

Benjamin Diokno said : “BSP sees no apparent and immediate need to avail of IMF’s SLL. Structural reforms and sound economic management have helped the Philippines enter the COVID-19 (coronavirus disease) crisis from a position of strength,” External link

tribuneonline Tuesday, May 19, 2020 11:08:00 PM EAT

Benjamin Diokno told : “Although Philippine banks are adequately capitalized, have quality assets and have ample buffers, some may face financial distress if the pandemic and its aftermath — slower domestic and global economy and more risk-averse consumers — last indefinitely,” External link

manilatimes Tuesday, May 19, 2020 9:20:00 PM EAT

Benjamin Diokno said : “As I said before, structural reforms and sound economic management have helped the Philippines enter the COVID-19 crisis from a position of strength,” External link

manilastandardtoday Tuesday, May 19, 2020 6:11:00 PM EAT

Benjamin Diokno said : “Second, the peso is stable. Year to date [as of May 15, 2020], the peso has outperformed most of its peers in the region which is least depreciated and second to the TWD [Taiwan dollar], which is the only currency that appreciated versus the US dollar,” External link

manilastandardtoday Tuesday, May 19, 2020 6:11:00 PM EAT

Benjamin Diokno said : “It is adequate to cover 7.9 months of imports of goods and services and payments of primary income,” External link

manilastandardtoday Tuesday, May 19, 2020 6:11:00 PM EAT

Benjamin Diokno said : “Any such move (to help the economy), we welcome. In fact, we participated in the drafting of the Philippine Banking Industry Resiliency Act against COVID-19 pandemic. We call it the FIST or Financial Institutions Strategic Transfer,” External link

tribuneonline Monday, May 18, 2020 10:49:00 PM EAT

Benjamin Diokno said : “A lot of things depend on the behavior of the Filipino people. If we can avoid a second or a third wave, the forecast will be steady. That means a U-shape recovery. But in case there is a second wave, that could mean a W-shape recovery. That will be much worse than the revised forecast,” “You have to consider that a big chunk of the country is under modified quarantine. That is a positive, unless there is a deterioration in those hotspots. I think we are ready towards our move for normalization. So, I am optimistic that the forecast right now of the DBCC (Development Budget Coordination Committee) might hold,” External link

tribuneonline Monday, May 18, 2020 7:31:00 PM EAT

Benjamin Diokno explained : “On monetary, we have done a lot of anticipatory measures and we are looking at how it is easing the liquidity in the market. Whether it is helping what sector,” “On the fiscal side, they have also deployed a lot of initiatives so let’s see how it works” External link

tribuneonline Monday, May 18, 2020 7:31:00 PM EAT

Benjamin Diokno told : "A lot of things depend on the behavior of the people. If we can avoid a second or third wave, the forecast should be steady. In case there is a second wave, it will be much worse than the revised forecast," External link

abs-cbnnews Monday, May 18, 2020 4:56:00 AM EAT

Benjamin Diokno said : “Of course, [the] BSP will continue to closely monitor the level of remittances send by Filipino overseas workers, in addition [to] other inflows of foreign currencies. And we will continue to release monthly data on such foreign trade and incomes numbers,” External link

manilatimes Friday, May 15, 2020 9:57:00 PM EAT

Benjamin Diokno said : “That’s BSP’s latest forecast. As you know the government has now allowed Filipino overseas workers to leave the country, except health workers, who are most needed at home,” External link

manilastandardtoday Friday, May 15, 2020 5:24:00 PM EAT

Benjamin Diokno noted : “the government has now allowed OFWs to leave the country, except health workers who are most needed at home” External link

pna Friday, May 15, 2020 11:44:00 AM EAT

Benjamin Diokno said : “Monetary policy is not the only game in town. We need a strong fiscal stimulus. What gets in the way is the absence of a supplemental budget,” External link

tribuneonline Tuesday, May 12, 2020 8:26:00 PM EAT

Benjamin Diokno said : “While the economy is likely to contract this year, the contraction would be less severe compared to most economies in the world,” External link

manilastandardtoday Tuesday, May 12, 2020 4:48:00 PM EAT

Benjamin Diokno said : “In fact, barring a second wave of infections, I expect the economy to have a strong rebound, estimated at 7.8 percent in 2021,” External link

manilastandardtoday Tuesday, May 12, 2020 4:48:00 PM EAT

Benjamin Diokno said : "Monetary policy is not the only game in town. We need a strong fiscal stimulus, what gets in the way is the absence of a supplemental budget," External link

abs-cbnnews Tuesday, May 12, 2020 12:26:00 PM EAT

Benjamin Diokno said : “Monetary policy is not the only game in town. We need a strong fiscal stimulus, what gets in the way is the absence of a supplemental budget,” “Under the Bayanihan Act, the Congress authorized the President to rearrange the prioritization in the 2020 budget. Strictly speaking, there was no new appropriations. Hence, the impact of the fiscal stimulus is limited,” External link

tribuneonline Monday, May 11, 2020 7:22:00 PM EAT

Benjamin Diokno explained : “Some of the new money can be used for emergency employment aimed at creating two million new jobs. These jobs will be allocated to 42,045 barangays, to be distributed based on the number of inhabitants per barangay and the level of unemployment per province or city,” “The emergency employment is quick-disbursing and will have high multiplier effect. It is pro-poor and egalitarian. It gives the ordinary worker a greater sense of self-respect since he works for the food on his table. By helping himself, the worker helps his fellowmen and society,” External link

tribuneonline Monday, May 11, 2020 7:22:00 PM EAT

Benjamin Diokno said : “We have to have an idea of how the new economy will look like. The economy will change drastically,” “The new economy will be much, much different. It has to be safer. It has to be better and it has to be tech savvy” External link

tribuneonline Monday, May 11, 2020 7:22:00 PM EAT

Benjamin Diokno said : “There will be a strong recovery in the fourth quarter, assuming there’s no second wave,” External link

tribuneonline Monday, May 11, 2020 7:22:00 PM EAT

Benjamin Diokno said : “the workers will be paid 10 percent lower than the minimum wage rate in the region, will work for eight hours, five days a week, for seven months” External link

pna Monday, May 11, 2020 4:55:00 PM EAT

Benjamin Diokno said : "We expect the economy to go deeper in the second quarter because of the full effect of the lockdown," External link

abs-cbnnews Monday, May 11, 2020 5:41:00 AM EAT

Benjamin Diokno said : “The Philippine banking system will be able to withstand the adverse effects and uncertainties brought about by the COVID-19 (coronavirus disease) global pandemic because it is sound and resilient,” External link

tribuneonline Friday, May 8, 2020 11:31:00 PM EAT

Benjamin Diokno indicated : “The BSP has increased liquidity by reducing the reserve requirement ratio (RRR) by 200 basis points (bps) and cut policy rate by 125 bps,” External link

tribuneonline Thursday, May 7, 2020 11:26:00 PM EAT

Benjamin Diokno said : “Structural reforms and sound economic management over the years have provided us with monetary and fiscal space to safeguard lives and support livelihoods at this critical time,” “The BSP’s long list of prompt and decisive policy support measures–including the cumulative 125 basis points (bps) cut in the policy rate and the 200 bps reduction in the reserve requirement ratio so far this year–shows that we have been putting our elbow room to good use,” External link

tribuneonline Thursday, May 7, 2020 3:46:00 PM EAT

Benjamin Diokno explained : “The road to A may take a backseat for the moment. Our concern right now is to help our people rather than pursuing our road to A although we’re still confident that we may achieve A rating by 2022,” External link

tribuneonline Thursday, May 7, 2020 3:46:00 PM EAT

Benjamin Diokno said : "We’re forecasting a contraction in the second quarter and also in the third quarter. That’s why we’re talking about a U-shaped recovery. But we’re expecting a strong bounce back in the fourth quarter," External link

abs-cbnnews Thursday, May 7, 2020 1:00:00 PM EAT

Benjamin Diokno said : “We expect these monetary policy measures to have a cascading impact on market interest rates, which would eventually translate to lower borrowing costs for the government as well as for firms and people,” External link

abs-cbnnews Thursday, May 7, 2020 1:00:00 PM EAT

Benjamin Diokno said : “The latest baseline forecasts indicate that inflation could settle at the low end of the government’s target range of 3 percent plus or minus 1.0 percentage point, at 2 percent for 2020 and 2.5 percent for 2021,” External link

manilastandardtoday Tuesday, May 5, 2020 4:06:00 PM EAT

Benjamin Diokno said : “Meanwhile, the domestic economy will likely follow a U-shaped recovery path. Growth is expected to bounce back to its potential output growth in 2021 supported by the measures under the government recovery plans,” External link

manilastandardtoday Tuesday, May 5, 2020 4:06:00 PM EAT

Benjamin Diokno noted : “the importance of shifting consumer behavior toward e-payments, considering the limitations on people’s movement and activities during the ECQ” External link

tribuneonline Tuesday, May 5, 2020 12:55:00 PM EAT

Benjamin Diokno said : “We will use all our tools to help our people pass this coronavirus crisis,” External link

tribuneonline Monday, May 4, 2020 10:34:00 PM EAT

Benjamin Diokno said : “We’ll do anything to get us through this crisis,” External link

tribuneonline Monday, May 4, 2020 10:34:00 PM EAT

Benjamin Diokno added : “In particular, physical and transition risks arising from climate change could result in significant societal, economic and financial risks affecting the banks and their stakeholders,” External link

manilatimes Sunday, May 3, 2020 11:58:00 PM EAT

Benjamin Diokno said : “In this regard, banks shall adopt a transition plan with specific timelines to implement the board-approved strategies and policies integrating sustainability principles into their corporate governance and risk management frameworks as well as in their strategic objectives and operations,” External link

manilatimes Sunday, May 3, 2020 11:58:00 PM EAT

Benjamin Diokno said : “But our relative position among emerging economies gives us confidence that the Philippines would have a U-shaped bounce back once the pandemic fades,” External link

manilastandardtoday Sunday, May 3, 2020 4:20:00 PM EAT

Benjamin Diokno added : “The Philippines before the coronavirus disease 2019 (COVID-19) crisis was on the road to A-rating. We’re not saying that the Philippines has not suffered from this crisis, together with the rest of the world,” External link

tribuneonline Friday, May 1, 2020 10:36:00 PM EAT

Benjamin Diokno said : “The fourth quarter growth of 0.4 percent and the 6.8 percent acceleration in the first quarter 2021 is consistent with ECQ for some areas ending on 15 May 2020 and a huge chunk of the economy would be on GCQ (general community quarantine) starting 1 May,” “The full year year BSP forecast consistent with this scenario is a whopping 7.8 percent recovery (in 2021),” External link

tribuneonline Thursday, April 30, 2020 10:30:00 PM EAT

Benjamin Diokno told : “A recession is defined as two consecutive quarters of negative growth. So, since growth is expected to be negative in the second quarter and third quarter of 2020, the Philippines will be in technical recession,” External link

tribuneonline Monday, April 27, 2020 8:02:00 PM EAT

Benjamin Diokno said : “On the OFW (overseas Filipino workers) remittances, the BSP’s forecast before the pandemic was that the remittances would grow by 3 percent. After pandemic, BSP revised its forecast: OFW remittances would be lower by 0.2 to 0.8 relative to the original 3 percent forecast,” “Hence, BSP’s revised forecast is between 2.2 percent to 2.8 percent. To be on the conservative side, BSP forecasts that OFW remittances would increase by 2 percent over 2019 level of $33 billion,” External link

tribuneonline Monday, April 27, 2020 8:02:00 PM EAT

Benjamin Diokno said : "We are moving towards normalization, from ECQ to GCQ," External link

abs-cbnnews Monday, April 27, 2020 5:48:00 AM EAT

Benjamin Diokno said : “The Philippines was in a sound fiscal and monetary state when the pandemic hit the country,” “The budget deficit was modest. The revenue base has been expanded with a series of new tax laws and improved revenue administration” External link

gulf-times Sunday, April 26, 2020 1:18:00 AM EAT

Benjamin Diokno said : “The economy could slow down in the first quarter this year and contract in the second and third quarters, before gradually recovering in the fourth Inflation is expected to average at the low-end of the target range at 2% in 2020, down from the previous forecast of 2.2%, due to the continued collapse in global crude oil prices, the decline of non-oil prices and the effect of the virus. The average inflation forecast of 2.45% for 2021 is slightly higher than the previous prediction due to the projected strong recovery in domestic activity and higher liquidity growth Fiscal stimulus will counter the pandemic and an increase in the deficit-to-GDP ratio from 3.2% to 5.3% will drive the debt-to-GDP ratio from 40.5% in 2019 to 47%, which is modest by international standards,” External link

gulf-times Sunday, April 26, 2020 1:18:00 AM EAT

Benjamin Diokno said : “BSP has a lot of arsenal for the war against Covid-19 (coronavirus disease 2019)” “And, of course, this is just (a) 35-day tenor so might as well earn some interest while banks (are) still risk averse,” External link

pna Tuesday, April 21, 2020 5:34:00 PM EAT

Benjamin Diokno said : “Worst case is negative one percent, best case is zero percent,” External link

tribuneonline Tuesday, April 21, 2020 3:42:00 PM EAT

Benjamin Diokno said : “I think we should really take advantage of this crisis. There are really opportunities…we have to use this crisis as an opportunity to be stronger and more agile,” “I think this crisis has given us the opportunity to do electronic (banking) rather than the traditional one. We should accelerate digital payments,” External link

tribuneonline Tuesday, April 21, 2020 3:42:00 PM EAT

Benjamin Diokno told : "We promise to do everything to show that we are ready, we are resilient. We still have a lot of bullets in our arsenal to help the national government meet this calamity," External link

abs-cbnnews Sunday, April 19, 2020 8:01:00 AM EAT

Benjamin Diokno added : “The BSP will subsequently issue the detailed guidelines on this and other related measures,” External link

manilatimes Sunday, April 19, 2020 12:07:00 AM EAT

Benjamin Diokno said : “a deeper cut is warranted in response to the expected sharp economic slowdown; on the other hand, inflation is likely to end closer to the lower bound of the 2.0- to 4.0-percent target range” External link

manilatimes Saturday, April 18, 2020 3:02:00 AM EAT

Benjamin Diokno said : “The challenge is to cushion the impact of the economic slowdown on people, firms and the financial system,” External link

manilatimes Saturday, April 18, 2020 3:02:00 AM EAT

Benjamin Diokno said : “a deeper cut is warranted in response to the expected sharp economic slowdown; on the other hand, inflation is likely to end closer to the lower bound of the 2.0- to 4.0-percent target range” External link

manilatimes Friday, April 17, 2020 3:43:00 AM EAT

Benjamin Diokno said : “The challenge is to cushion the impact of the economic slowdown on people, firms and the financial system,” External link

manilatimes Friday, April 17, 2020 3:43:00 AM EAT

Benjamin Diokno said : “On the policy rate, BSP raised it by 175 basis points in 2018 in response to the above normal inflation rate at that time. While the BSP has cut the policy rate by 150 basis points since I assumed office last year, the Philippines is now faced a once-in-a-lifetime crisis,” “It is now clear that reverting to where we were in 2018–policy rate at 3 percent–is no longer an appropriate policy goal. A deeper cut is warranted in response to the expected sharp economic slowdown,” External link

tribuneonline Thursday, April 16, 2020 10:56:00 PM EAT

Benjamin Diokno told : "Pinagbabawal natin yan to increase the integrity of the system," External link

abs-cbnnews Wednesday, April 15, 2020 7:18:00 AM EAT

Benjamin Diokno said : “BSP will continue to be data dependent keeping in mind that monetary policy works with a lag,” External link

manilatimes Monday, April 13, 2020 11:20:00 PM EAT

Benjamin Diokno said : “a deeper cut is warranted in response to the expected sharp economic slowdown” External link

pna Monday, April 13, 2020 4:22:00 PM EAT

Benjamin Diokno said : “inflation is likely to end closer to the lower bound of the 2 to 4 percent target range” External link

pna Monday, April 13, 2020 4:37:00 AM EAT

Benjamin Diokno said : “It is now clear that reverting to where we were in 2018 — policy rate at 3 percent — is no longer an appropriate policy goal. A deeper cut is warranted in response to the expected sharp economic slowdown,” External link

tribuneonline Sunday, April 12, 2020 11:45:00 PM EAT

Benjamin Diokno said : “The Monetary Board has authorized me to cut the reserve requirement ratio by 400 basis points. I’ve cut it by 200 basis points recently. The additional 200-basis point cut is forthcoming based on available data, the needs of the economy and the utilization of the additional liquidity,” External link

tribuneonline Sunday, April 12, 2020 11:45:00 PM EAT

Benjamin Diokno said : “The monetary authorities’ job, in coordination with fiscal authorities, is to manage a ‘soft’ landing and ensure that economic takeoff begins quickly once the pandemic fades. The BSP will continue to be data dependent, keeping in mind that monetary policy works with a lag,” External link

tribuneonline Sunday, April 12, 2020 11:45:00 PM EAT

Benjamin Diokno said : "is no longer the appropriate policy goal," External link

abs-cbnnews Sunday, April 12, 2020 10:57:00 AM EAT

Benjamin Diokno said : "A deeper cut is warranted in response to the expected sharp economic slowdown," External link

abs-cbnnews Sunday, April 12, 2020 10:57:00 AM EAT

Benjamin Diokno said : “These new realities call for bolder but appropriate moves on the part of the BSP. The challenge is to cushion the impact of the economic slowdown on people, firms and the financial system,” “The monetary authorities job, in coordination with fiscal authorities, is to manage a ‘soft’ landing and ensure that economic takeoff begin quickly once the pandemic fades” External link

news-yahoo Sunday, April 12, 2020 9:56:00 AM EAT

Benjamin Diokno told : "It is now clear that reverting to where we were in 2018 - policy rate at 3.0% - is no longer an appropriate policy goal," External link

4-traders Sunday, April 12, 2020 7:45:00 AM EAT

Benjamin Diokno said : "The Philippines is now facing a once-in-a-lifetime crisis" "These new realities call for bolder but appropriate moves on the part of the BSP (central bank)" External link

4-traders Sunday, April 12, 2020 7:45:00 AM EAT

Benjamin Diokno said : "The monetary authority's job, in coordination with fiscal authorities, is to manage a 'soft' landing and ensure economic takeoff begins quickly once the pandemic fades," External link

4-traders Sunday, April 12, 2020 7:45:00 AM EAT

Benjamin Diokno told : "It is now clear that reverting to where we were in 2018 - policy rate at 3.0% - is no longer an appropriate policy goal," External link

4-traders Sunday, April 12, 2020 6:53:00 AM EAT

Benjamin Diokno added : “The reduction in the MLR and the arrangements set forth in this memorandum shall be effective until 31 December 2020, unless otherwise revoked by the BSP,” External link

manilatimes Friday, April 10, 2020 7:24:00 PM EAT

Benjamin Diokno added : “The reduction in the MLR and the arrangements set forth in this memorandum shall be effective until 31 December 2020, unless otherwise revoked by the BSP,” External link

manilatimes Thursday, April 9, 2020 5:01:00 PM EAT

Benjamin Diokno said : “is not ruling out the possibility of an off-cycle monetary policy response,” External link

gulf-times Tuesday, April 7, 2020 12:31:00 AM EAT

Benjamin Diokno said : “could help minimise volatility in market rates,” External link

gulf-times Tuesday, April 7, 2020 12:31:00 AM EAT

Benjamin Diokno said : "We will have a lot of room for cutting interest rates," "There's a real risk that there will be a technical recession (in the second and third quarter)," External link

abs-cbnnews Sunday, April 5, 2020 5:27:00 AM EAT

Benjamin Diokno said : “The BSP has and is ready to employ the necessary tools in its arsenal to address the impact of COVID-19 while staying true to its mandate,” External link

manilastandardtoday Thursday, March 26, 2020 4:16:00 PM EAT

Benjamin Diokno told : “The reduction is intended to calm financial markets and encourage banks to continue lending to both the retail and corporate sectors,” External link

manilatimes Thursday, March 26, 2020 2:38:00 AM EAT

Benjamin Diokno said : “In addition, the Monetary Board authorized the time-bound, temporary relaxation of BSP regulations on compliance reporting by banks, calculation of penalties on required reserves, and single borrower limits,” External link

manilastandardtoday Tuesday, March 24, 2020 6:15:00 PM EAT

Benjamin Diokno said : “The BSP will have to assess the impact of Covid-19 on the broader economy,” External link

pna Tuesday, March 24, 2020 12:49:00 PM EAT

Benjamin Diokno said : "promptly address any possible liquidity strain," External link

abs-cbnnews Tuesday, March 24, 2020 8:09:00 AM EAT

Benjamin Diokno said : “We view this as allowed in extraordinary times. And these are extraordinary times -- a once-in-a-lifetime crisis,” External link

JakartaPost Tuesday, March 24, 2020 6:15:00 AM EAT

Benjamin Diokno said : “We view this as allowed in extraordinary times. And these are extraordinary times -- a once-in-a-lifetime crisis,” External link

news-yahoo Monday, March 23, 2020 8:34:00 PM EAT

Benjamin Diokno said : “The rise in the debt stock during the fourth quarter was brought about by the increase in non-residents’ investments in Philippine debt papers issued offshore of $507 million,” External link

manilastandardtoday Sunday, March 22, 2020 7:29:00 PM EAT

Benjamin Diokno said : “key external debt indicators remained at prudent levels despite the rise in external debt” External link

manilastandardtoday Sunday, March 22, 2020 7:29:00 PM EAT

Benjamin Diokno said : “I think we have to address the fact that many people are not employed right now, or do not have sources of income because of the isolation. We need to address, we need to give them some cash grants for the next 2 to 3 months,” External link

abs-cbnnews Sunday, March 22, 2020 10:14:00 AM EAT

Benjamin Diokno told : "There’s enough cash. There’s also a risk if you hold a lot of cash. I would suggest that to the extent they can use, if they can transact business electronically then that’s better than holding cash," External link

abs-cbnnews Sunday, March 22, 2020 8:29:00 AM EAT

Benjamin Diokno added : "enable consumers to facilitate online banking transactions," External link

abs-cbnnews Sunday, March 22, 2020 8:29:00 AM EAT

Benjamin Diokno told : "The banking industry is sound and adequately capitalized. Even under extreme situations, the banking industry will be above the 10 percent requirement of the BSP," External link

abs-cbnnews Sunday, March 22, 2020 6:51:00 AM EAT

Benjamin Diokno said : “Given these considerations, the Monetary Board decided that there is a need for a follow on monetary policy response to address the adverse spillovers associated with the ongoing pandemic,” External link

manilatimes Friday, March 20, 2020 10:30:00 PM EAT

Benjamin Diokno said : “Given these considerations, the Monetary Board decided that there is a need for a follow-on monetary policy response to address the adverse spillovers associated with the ongoing pandemic. With a manageable inflation environment and stable inflation expectations, the Monetary Board sees enough policy space for an assertive reduction in the policy rate at this juncture to cushion the country’s growth momentum and uplift market confidence amid stronger headwinds,” External link

manilastandardtoday Friday, March 20, 2020 5:04:00 PM EAT

Benjamin Diokno said : "Hindi naman ganun kalaki ang impact nung POGO," External link

manilametro Friday, March 20, 2020 1:15:00 PM EAT

Benjamin Diokno said : “Given these considerations, the Monetary Board decided that there is a need for a follow-on monetary policy response to address the adverse spillovers associated with the ongoing pandemic,” External link

manilatimes Thursday, March 19, 2020 10:27:00 PM EAT

Benjamin Diokno said : “In addition, the Monetary Board authorized the time-bound, temporary relaxation of BSP regulations on compliance reporting by banks, calculation of penalties on required reserves, and single borrower limits,” External link

manilastandardtoday Thursday, March 19, 2020 5:35:00 PM EAT

Benjamin Diokno said : “Latest baseline forecasts indicate a lower path of inflation for 2020 and 2021, with inflation expectations remaining firmly anchored within the target range [2 percent to 4 percent] over the policy horizon. Average inflation is seen to settle at 2.2 percent in 2020 and 2.4 percent in 2021,” External link

manilastandardtoday Thursday, March 19, 2020 5:35:00 PM EAT

Benjamin Diokno said : “Given these considerations, the Monetary Board decided that there is a need for a follow-on monetary policy response to address the adverse spillovers associated with the ongoing pandemic. With a manageable inflation environment and stable inflation expectations, the Monetary Board sees enough policy space for an assertive reduction in the policy rate at this juncture to cushion the country’s growth momentum and uplift market confidence amid stronger headwinds,” External link

manilastandardtoday Thursday, March 19, 2020 5:35:00 PM EAT

Benjamin Diokno said : “The BSP is prepared to use its full range of monetary instruments and to deploy regulatory relief measures as needed in fulfillment of its price and financial stability mandates,” External link

manilastandardtoday Thursday, March 19, 2020 5:35:00 PM EAT

Benjamin Diokno added : “It will not only benefit oneself, one’s family, but it will also benefit the whole community and society,” “Moral of the story: let’s cooperate, let’s hope the community isolation works. If you have no business going out of your home, stay home” External link

pna Wednesday, March 18, 2020 10:53:00 AM EAT

Benjamin Diokno said : “not really part of the supply chain. We’re not an export-oriented country. Tourism is not a big part of our GDP,” “So we’re one of the least affected of this coronavirus concern” External link

news-yahoo Tuesday, March 17, 2020 10:02:00 PM EAT

Benjamin Diokno said : “not really part of the supply chain. We’re not an exported-oriented country. Tourism is not a big part of our GDP,” “So we’re one of the least affected of this coronavirus concern” External link

news-yahoo Tuesday, March 17, 2020 11:32:00 AM EAT

Benjamin Diokno said : “The truth is that the economic fundamentals are on our side. Even under the worst possible scenario, the Philippines can still grow this year and in the medium term by about 6 percent,” External link

manilatimes Monday, March 16, 2020 9:49:00 PM EAT

Benjamin Diokno said : “The Monetary Board is ready to deploy any or all its policy tools, as appropriate, to address all challenges to our own financial markets and growth prospects,” External link

manilastandardtoday Monday, March 16, 2020 4:37:00 PM EAT

Benjamin Diokno said : "well capitalized and stable and can absorb some of this relief in the meantime," External link

abs-cbnnews Monday, March 16, 2020 4:07:00 AM EAT

Benjamin Diokno said : "Depending on the action the banks, they can actually provide moratorium from the payments and ask for relief from the BSP" External link

abs-cbnnews Monday, March 16, 2020 4:07:00 AM EAT

Benjamin Diokno said : “Even under the worst possible scenario, the Philippines can still grow this year and in the medium term by about six percent,” External link

iran-daily Saturday, March 14, 2020 11:12:00 AM EAT

Benjamin Diokno told : "I will decide on Monday. I'll get tested today (Friday)," External link

abs-cbnnews Friday, March 13, 2020 9:18:00 AM EAT

Benjamin Diokno said : "If the community quarantine works, the negative impact will be minimal, if it fails, the negative impact will be huge," External link

abs-cbnnews Friday, March 13, 2020 9:18:00 AM EAT

Benjamin Diokno told : “I was in the NLEX inspection ceremony with Secretaries Dominguez and Tugade last ThursdayThought it’s best to go on self-quarantine to be on the safe side,” External link

abs-cbnnews Thursday, March 12, 2020 2:33:00 PM EAT

Benjamin Diokno told : “I was in the NLEX inspection ceremony with Secretaries Dominguez and Tugade last ThursdayThought it’s best to go on self-quarantine to be on the safe side,” External link

abs-cbnnews Thursday, March 12, 2020 5:16:00 AM EAT

Benjamin Diokno said : “I would attribute the (lower) FDI for 2019 to two factors: first, the uncertainty owing to the failure to pass the CITIRA legislation and second, the general slowdown in the global economy due to the US-China trade conflict and the increasing protectionism of major economies,” External link

tribuneonline Tuesday, March 10, 2020 11:11:00 PM EAT

Benjamin Diokno said : “The fear that Philippine banks will experience bad loans and slower credit growth on account of Covid-19 outbreak is unfounded” External link

manilatimes Monday, March 9, 2020 11:27:00 PM EAT

Benjamin Diokno said : “But in recognition of potentially crippling impact of certain events like Covid-19, African swine flu, and other unforeseen calamities, BSP has made available a grant of regulatory relief to some concerned banks and quasi-banks. Temporary regulatory relief measures include, among others, staggered booking of allowance for credit losses, non-imposition of penalties on legal reserve deficiencies, and non-recognition of certain defaulted accounts as past due,” External link

manilatimes Monday, March 9, 2020 11:27:00 PM EAT

Benjamin Diokno said : “Of course there is a window (for its passage).The window might be tight but there is another window which is one month before May to June…Hopefully, such amendments will be passed and reported by the time President Duterte delivers his SoNA (state of the nation address) in July,” External link

tribuneonline Saturday, March 7, 2020 10:34:00 PM EAT

Benjamin Diokno said : “The latest inflation outturn is consistent with the BSP’s prevailing assessment that inflation is expected to steadily approach the midpoint of the target range in 2020 and 2021,” External link

tribuneonline Thursday, March 5, 2020 10:42:00 PM EAT

Benjamin Diokno said : “We’re comfortable with 6 percent,” External link

tribuneonline Sunday, March 1, 2020 11:01:00 PM EAT

Benjamin Diokno said : “There are many things that we should do while the whole world is in a mess. We do out home work so that when all of these settle down, we’ll be in a stronger position again,” External link

tribuneonline Sunday, March 1, 2020 11:01:00 PM EAT

Benjamin Diokno said : “the Monetary Board concluded that the manageable inflation environment allowed room for a preemptive reduction in the policy rate to support market confidence,” External link

manilatimes Saturday, February 29, 2020 2:21:00 PM EAT

Benjamin Diokno said : "The main consideration is that while COVID-19 is less deadly than SARS, it's going to result in more deaths because it has grown so fast," External link

abs-cbnnews Thursday, February 27, 2020 5:29:00 PM EAT

Benjamin Diokno said : "So we really have to revisit the implications," External link

abs-cbnnews Thursday, February 27, 2020 5:29:00 PM EAT

Benjamin Diokno said : "Most of the things that we want to do are not heavily affected by the COVID-19 [outbreak], like Build, Build Build," External link

abs-cbnnews Thursday, February 27, 2020 5:29:00 PM EAT

Benjamin Diokno said : “As you know, I committed to 50 basis points this year. We are down by 25 basis points, so we still have 25 basis points. We have a lot of monetary space and fiscal space, so if things deteriorate much beyond what we have originally forecasted, we might consider additional cuts in reserve requirement or in the interest rate or policy rate,” External link

manilastandardtoday Thursday, February 27, 2020 4:54:00 PM EAT

Benjamin Diokno said : “But when that will happen, of course that will depend on our assessment of the situation and the conditions,” External link

manilastandardtoday Thursday, February 27, 2020 4:54:00 PM EAT

Benjamin Diokno said : “The country has low participation in the global trade and in global value chain in comparison to other Asean countries,” “Amid uncertain external environment, it is imperative for the government to sustain the reforms that form the backbone of long-term sustainable development,” External link

manilastandardtoday Thursday, February 27, 2020 4:54:00 PM EAT

Benjamin Diokno said : “The urgent passage of structural reforms is critical to the strategy of achieving an A-level credit rating within the next two years as this enhances the country’s institutional strength to manage the economy, which is a key indicator looked into by credit rating agencies,” External link

abs-cbnnews Wednesday, February 12, 2020 9:22:00 AM EAT

Benjamin Diokno said : “I believe the IMF’s assessment of the domestic economy reflects multi-sectoral efforts to foster inclusive economic growth,” “In line with this, the BSP will continue promoting price stability, financial stability, and an efficient payment and settlement system while pursuing legislative initiatives that will enhance our capacity to pursue our mandate,” External link

tribuneonline Monday, February 10, 2020 11:12:00 PM EAT

Benjamin Diokno said : “The impact could be something like 0.3 percent,” External link

manilastandardtoday Monday, February 10, 2020 4:15:00 PM EAT

Benjamin Diokno said : “Well, we looked at it… We made assumptions for the first quarter (impact)… it could be solved (in) two quarters… this virus is less deadly than the previous ones,” External link

tribuneonline Saturday, February 8, 2020 12:35:00 AM EAT

Benjamin Diokno said : “the Monetary Board concluded that the manageable inflation environment allowed room for a preemptive reduction in the policy rate to support market confidence,” External link

manilatimes Friday, February 7, 2020 1:23:00 AM EAT

Benjamin Diokno told : “Preliminary BSP estimates show a 0.3 ppt (percentage point) reduction in 2020 GDP . . .,” External link

manilatimes Thursday, February 6, 2020 9:30:00 PM EAT

Benjamin Diokno said : “We’re still looking at 50, so that we still have more space in the event of further deterioration in the economy,” External link

news-yahoo Thursday, February 6, 2020 7:13:00 AM EAT

Benjamin Diokno said : “We’re really for a flexible exchange rate,” External link

news-yahoo Thursday, February 6, 2020 7:13:00 AM EAT

Benjamin Diokno said : “The January 2020 inflation of 2.9 percent was within the BSP’s forecast range of 2.5 to 3.3 percent. This is consistent with the BSP’s prevailing assessment that inflation is expected to gradually approach the midpoint of the target range in 2020 and 2021,” External link

tribuneonline Wednesday, February 5, 2020 10:13:00 PM EAT

Benjamin Diokno said : “Right now, we are cash heavy. By (2023, we’ll be) cash-lite,” External link

tribuneonline Tuesday, February 4, 2020 12:50:00 PM EAT

Benjamin Diokno said : “So in this regard, the BSP will continue to monitor this development as we prepare our forecast for our review of the monetary policy stance,” External link

pna Thursday, January 30, 2020 3:32:00 PM EAT

Benjamin Diokno told : "We're doing great. We're in a very nice place right now. We'll go slow in our monetary easing," External link

abs-cbnnews Monday, January 27, 2020 6:03:00 AM EAT

Benjamin Diokno told : "That's going to go through the legal process. It will not happen overnight like a takeover by government. That will not happen. There will be a process," External link

abs-cbnnews Monday, January 27, 2020 6:03:00 AM EAT

Benjamin Diokno added : “I promise, first quarter of this year maybe 25 basis points and we’ll continue to look at other numbers,” External link

pna Tuesday, January 7, 2020 3:51:00 PM EAT

Benjamin Diokno said : "Maybe, we'll announce when and how much, will depend on the data" External link

abs-cbnnews Friday, December 20, 2019 9:37:00 PM EAT

Benjamin Diokno said : "That's appropriate to see how the adjustments are being digested by the markets" "This is the appropriate course for the markets. This is also being done by other countries," External link

abs-cbnnews Friday, December 20, 2019 9:37:00 PM EAT

Benjamin Diokno said : "I don't think it will have any large impact on the financial system, we just want to make sure we get a handle of what is going on," External link

abs-cbnnews Friday, December 20, 2019 9:37:00 PM EAT

Benjamin Diokno said : "These are small transactions, I understand," External link

abs-cbnnews Friday, December 20, 2019 9:37:00 PM EAT

Benjamin Diokno said : "Notwithstanding the weak global growth outlook prospects for the Philippine economy continue to be robust on the back of firm domestic demand, sustained policy support from increased fiscal spending as well as improved domestic liquidity conditions owing to recent monetary adjustments," External link

abs-cbnnews Thursday, December 12, 2019 12:27:00 PM EAT

Benjamin Diokno told : "Sustained policy support from increased fiscal spending, as well as improved domestic liquidity conditions owing to recent monetary adjustments, is also expected to support growth in the coming months," External link

4-traders Thursday, December 12, 2019 11:59:00 AM EAT

Benjamin Diokno added : “BSP’s Monetary Board will consider new data and potential risks at its meeting next week on 12 December 2019,” External link

pna Thursday, December 5, 2019 6:26:00 AM EAT

Benjamin Diokno said : “We'll look at December and then maybe early January, we'll resume monetary easing,” External link

pna Tuesday, December 3, 2019 3:09:00 PM EAT

Benjamin Diokno said : "The goal of financial inclusion is to ensure that all Filipinos are able to use financial services that are appropriate to their needs and capacities," External link

abs-cbnnews Thursday, November 28, 2019 5:38:00 AM EAT

Benjamin Diokno said : “Our efforts to promote digital payments are meant to facilitate delivery of financial services, including credit that are designed around the needs and preference of small value transactors,” “The convenience, affordability and flexibility of these digital products will hopefully make informal lenders charging exorbitant fees less attractive,” External link

abs-cbnnews Tuesday, November 26, 2019 5:01:00 PM EAT

Benjamin Diokno told : “Hindi naman makakaapekto kasi marami nang imports na darating pa lang eh, tapos concern nga is harvest season, baka lalong bumaba yung presyo,” External link

abs-cbnnews Wednesday, November 20, 2019 3:20:00 PM EAT

Benjamin Diokno said : “The digital life is upon us, and we can harness this to make sure internet access and mobile phone ownership do not only lead to better social connections and convenient shopping but also and more importantly, to greater ability for all Filipinos to use welfare-enhancing financial services,” External link

pna Monday, November 18, 2019 3:04:00 PM EAT

Benjamin Diokno said : “The 6 percent full year GDP (gross domestic product) growth target is a tall order, after a slower than expected first half, but still doable,” External link

manilatimes Thursday, November 7, 2019 7:49:00 PM EAT

Benjamin Diokno said : "There will be no policy cuts this year and no more relaxation of the reserve requirement," External link

abs-cbnnews Monday, November 4, 2019 7:26:00 AM EAT

Benjamin Diokno said : “Headline inflation declined further to 1.7 percent (year-on-year) in the third quarter 2019 from 3 percent in the previous quarter, bringing year-to-date inflation at 2.8 percent, well within the national government’s target range,” External link

tribuneonline Friday, October 25, 2019 11:35:00 PM EAT

Benjamin Diokno said : “Nevertheless, we expect growth to remain robust in the coming months,” External link

inquirer Friday, October 25, 2019 1:42:00 PM EAT

Benjamin Diokno said : "There's an overall positive outlook for the domestic economy," External link

abs-cbnnews Friday, October 25, 2019 7:29:00 AM EAT

Benjamin Diokno said : “That could be one of the factors we have to monitor. But at the moment, hindi naman siya upside risk, kasi it [water rate hike] has to be approved by authorities ‘di ba?” External link

abs-cbnnews Wednesday, October 23, 2019 5:06:00 PM EAT

Benjamin Diokno said : “In sum, the country has been making considerable progress toward achieving its macroeconomic goals. Looking ahead, prospects for the domestic economy continue to remain favorable as domestic growth fundamentals are expected to remain intact,” External link

manilatimes Friday, October 18, 2019 9:51:00 PM EAT

Benjamin Diokno said : “despite favorable developments due to technology, many challenges persist,” External link

manilatimes Friday, October 11, 2019 8:49:00 PM EAT

Benjamin Diokno said : “As such, it is necessary to bring the unserved and underserved into the national economy,” External link

manilatimes Friday, October 11, 2019 8:49:00 PM EAT

Benjamin Diokno said : “The pursuit of financial inclusion requires an openness to all possible transformative solutions and impactful innovations, such as digital technology, new business models and cross-sector collaboration,” External link

manilatimes Friday, October 11, 2019 8:49:00 PM EAT

Benjamin Diokno said : “Investors want to know exactly what will be the final version of that bill. So the sooner we act on that, then the sooner the investors can make up their mind [on] whether to enter or exit,” External link

manilatimes Friday, October 11, 2019 8:49:00 PM EAT

Benjamin Diokno noted : “That would be very helpful for most of our en banc because as you know, farmers don't usually have passport or driver's license, so now in this, PhilID is all you need to open an account,” External link

pna Friday, October 11, 2019 9:38:00 AM EAT

Benjamin Diokno said : “Many Filipinos still do not own bank accounts, and so are unable to access loans and other financial services from formal channels,” External link

manilatimes Thursday, October 10, 2019 9:47:00 PM EAT

Benjamin Diokno said : “As of end-2018, there were 48 banks that have already made their financial services accessible through the internet, and 26 banks that have made their services accessible through mobile phones,” External link

manilatimes Thursday, October 10, 2019 9:47:00 PM EAT

Benjamin Diokno added : “Moving forward, the BSP is committed to playing an even more active role in maintaining economic stability and in helping achieve the economy’s long-term development goals, among which is to reach high-income status by 2040,” External link

pna Thursday, October 10, 2019 4:36:00 PM EAT

Benjamin Diokno said : “Should inflation outlook continue to improve, we will continue to cut the RRR,” External link

tribuneonline Tuesday, October 8, 2019 11:22:00 PM EAT

Benjamin Diokno said : “Single digit is nine, you say. You can extrapolate, two and a half years from January 2020,” External link

tribuneonline Tuesday, October 8, 2019 11:22:00 PM EAT

Benjamin Diokno told : “Single digit is nine, you say. You can extrapolate, two and a half years from January 2020,” External link

tribuneonline Tuesday, October 8, 2019 11:22:00 PM EAT

Benjamin Diokno said : "We are keen on hitting the minimum rating within the A territory over the next two years or so," External link

pna Tuesday, September 24, 2019 6:32:00 PM EAT

Benjamin Diokno said : “It’s really inflation that makes a difference in our decision next week,” External link

news-yahoo Friday, September 20, 2019 12:56:00 PM EAT

Benjamin Diokno said : “This is part of the new central bank: We want to be transparent and we want to notify the industry of what we’re doing, ahead of time,” External link

news-yahoo Friday, September 20, 2019 12:56:00 PM EAT

Benjamin Diokno said : “It’s really inflation that makes a difference in our decision next week,” External link

news-yahoo Friday, September 20, 2019 8:39:00 AM EAT

Benjamin Diokno said : “This is part of the new central bank: We want to be transparent and we want to notify the industry of what we’re doing, ahead of time,” External link

news-yahoo Friday, September 20, 2019 8:39:00 AM EAT

Benjamin Diokno said : “the only way we can cope with such a challenge is to provide digital payment services” External link

pna Wednesday, September 18, 2019 5:24:00 PM EAT

Benjamin Diokno says : “For every 1 percentage point or 100 basis points cut, you release something like P90 billion of P100 billion, or approximately $2 billion, so that will ease up on credit and help to spur economic growth in the country and maybe reach the poorest of the poor,” External link

euromoney Wednesday, September 18, 2019 2:30:00 PM EAT

Benjamin Diokno tells ( about Cory Aquino ) : “He (the president) said he knew me when I was under-secretary under president Cory Aquino 30 years ago. I don’t really know him,” External link

euromoney Wednesday, September 18, 2019 2:30:00 PM EAT

Benjamin Diokno told : "As long as the oil price spike is transitory and less than $85 per barrel, then it should be of secondary importance. The most important piece of information for policy decision is the forecasted inflation rate in September," External link

abs-cbnnews Wednesday, September 18, 2019 10:58:00 AM EAT

Benjamin Diokno said : “The combined remittances from these countries accounted for 78.1 percent of total cash remittances from January to July 2019,” External link

manilatimes Monday, September 16, 2019 9:18:00 PM EAT

Benjamin Diokno says : “At 57, Metrobank is one of the biggest and best managed banks in the country. This is highlighted by Metrobank’s strong balance sheet, adherence to global banking standards, and an emphasis on corporate social responsibility” External link

manilatimes Sunday, September 15, 2019 9:57:00 PM EAT

Benjamin Diokno said : “This upward impact on the debt stock was partially offset by the transfer of Philippine debt papers from non-residents to residents ($746 million),” External link

manilatimes Sunday, September 15, 2019 9:57:00 PM EAT

Benjamin Diokno explained : “The same trend was observed using GDP (gross domestic product). The ratio indicates the country’s sustained strong position to service foreign borrowings in the medium to long-term,” External link

manilatimes Sunday, September 15, 2019 9:57:00 PM EAT

Benjamin Diokno pointed out : “The DSR has consistently remained at single digit levels,” External link

manilatimes Sunday, September 15, 2019 9:57:00 PM EAT

Benjamin Diokno said : "It will be bid out for some private sector developers. That’s part of it, there is no point in having two mints plants, two printing complex," External link

abs-cbnnews Friday, September 13, 2019 5:16:00 AM EAT

Benjamin Diokno said : "The month-on-month increase in the GIR level reflects the national government's net foreign currency deposits and BSP's income from its investments abroad," External link

xinhuanet_en Friday, September 6, 2019 3:10:00 PM EAT

Benjamin Diokno added : “With a well-defined regulatory framework now in place, the BSP looks forward to seeing greater participation in Islamic financing by both domestic and foreign banks,” External link

manilatimes Friday, August 30, 2019 9:07:00 PM EAT

Benjamin Diokno said : “This is expected to widen opportunities for Muslim Filipinos, including those from the Bangsamoro Region, in accessing banking products and services. This is a great stride in our financial inclusion mandates,” External link

abs-cbnnews Friday, August 30, 2019 7:26:00 AM EAT

Benjamin Diokno said : "With a well-defined regulatory framework now in place, the BSP looks forward to seeing greater participation in Islamic financing by both domestic and foreign banks," "This is a great stride in our financial inclusion mandate," External link

abs-cbnnews Friday, August 30, 2019 7:26:00 AM EAT

Benjamin Diokno told : “I am also chairman of the Anti-Money Laundering Council so our AMLC team plus our financial stability team (will study) the impact of discontinuing the POGO in the Philippines,” External link

tribuneonline Wednesday, August 28, 2019 7:13:00 PM EAT

Benjamin Diokno told : “We are studying the possibility of putting some sense into online gambling,” External link

tribuneonline Wednesday, August 28, 2019 7:13:00 PM EAT

Benjamin Diokno said : “That’s what we are looking at the POGO issue. My (focus) is financial stability issue,” External link

tribuneonline Wednesday, August 28, 2019 7:13:00 PM EAT

Benjamin Diokno said : “We can actually require any individual or firm for information that is related to financial stability. That’s based on the new charter of the BSP. We can subpoena individuals and companies to give us information on things that we think has something to do with financial stability,” External link

tribuneonline Wednesday, August 28, 2019 7:13:00 PM EAT

Benjamin Diokno said : “My primary concern is real estate risk as well as implications on (other industries). It’s a study for the guidance of the Monetary Board and the AMLC,” External link

tribuneonline Wednesday, August 28, 2019 7:13:00 PM EAT

Benjamin Diokno said : “The BSP has volunteered to print the ID so as not to delay the printing because if you bid this out, the losing bidders will challenge the winning bidders, it will go all the way to court, it could take years so we volunteered, we will print it, it’s a government to government contract,” External link

manilatimes Wednesday, August 28, 2019 6:15:00 AM EAT

Benjamin Diokno told : “I am also chairman of the Anti-Money Laundering Council so our AMLC team plus our financial stability team (will study) the impact of discontinuing the POGO in the Philippines,” External link

tribuneonline Tuesday, August 27, 2019 11:51:00 PM EAT

Benjamin Diokno told : “We are studying the possibility of putting some sense into online gambling,” External link

tribuneonline Tuesday, August 27, 2019 11:51:00 PM EAT

Benjamin Diokno said : “That’s what we are looking at the POGO issue. My (focus) is financial stability issue,” External link

tribuneonline Tuesday, August 27, 2019 11:51:00 PM EAT

Benjamin Diokno said : “We can actually require any individual or firm for information that is related to financial stability. That’s based on the new charter of the BSP. We can subpoena individuals and companies to give us information on things that we think has something to do with financial stability,” External link

tribuneonline Tuesday, August 27, 2019 11:51:00 PM EAT

Benjamin Diokno said : “My primary concern is real estate risk as well as implications on (other industries). It’s a study for the guidance of the Monetary Board and the AMLC,” External link

tribuneonline Tuesday, August 27, 2019 11:51:00 PM EAT

Benjamin Diokno asked : “It’s true that they occupy a big chunk of real estate in the country. What if, all of a sudden, they decide to back out? What [would] be the impact of that [on the] property sector?” External link

manilatimes Tuesday, August 27, 2019 9:17:00 PM EAT

Benjamin Diokno said : “One of the mandates of the BSP is financial stability, so we look at all the industries [and] conglemerates and see whether they pose financial risks. That’s what we are looking at the POGO issue,” External link

manilatimes Tuesday, August 27, 2019 9:17:00 PM EAT

Benjamin Diokno said : “Once we get that [bill] approved, I’m sure foreign investment will come in here. They will figure out the profitability. Incentives don’t matter. Incentives come and go,” External link

manilatimes Tuesday, August 27, 2019 9:17:00 PM EAT

Benjamin Diokno said : “Foreign investors are always [on wait-and-see mode]. This is an election year. Another is because of the Trabaho bill. They are waiting for the final version of that bill,” External link

manilatimes Tuesday, August 27, 2019 9:17:00 PM EAT

Benjamin Diokno told : “We will cut another 25 bps before the end of the year and then we will review, as we remain data-dependent,” External link

manilatimes Tuesday, August 27, 2019 9:17:00 PM EAT

Benjamin Diokno added : “In fact, some central banks have surprised the markets by reducing their rates by more than what was expected,” External link

manilatimes Tuesday, August 27, 2019 9:17:00 PM EAT

Benjamin Diokno told : "What if all of a sudden they decide to pack up and leave? What will be the impact of that on the property sector, also the food industry, the restaurants? This is part of my job as BSP governor," External link

news-yahoo Tuesday, August 27, 2019 1:09:00 PM EAT

Benjamin Diokno explained : “This was attributed to the 5.4-percent y-o-y (year-on-year) drop in cash remittances from land-based workers, which was mitigated by the 6.3-percent increase y-o-y in transfers from sea-based workers,” External link

manilatimes Thursday, August 15, 2019 9:03:00 PM EAT

Benjamin Diokno said : “The combined remittances from these countries accounted for 78 percent of total cash remittances from January to June 2019,” External link

manilatimes Thursday, August 15, 2019 9:03:00 PM EAT

Benjamin Diokno said : "We commend the AFP leadership for committing to enhance the holistic well-being of our peacemakers with the inclusion of financial health in the personal scorecards or charters of AFP personnel alongside professional development and physical wellness," External link

pna Wednesday, August 14, 2019 5:40:00 AM EAT

Benjamin Diokno told : “The Monetary Board’s decision [to cut rates] is based on its assessment that price pressures have continued to ease since the previous meeting,” External link

manilatimes Thursday, August 8, 2019 8:40:00 PM EAT

Benjamin Diokno said : “On balance, therefore, the Monetary Board believes that the benign inflation outlook provides room for a further reduction in the policy rate as a preemptive move against the risks associated with weakening global growth,” External link

manilatimes Thursday, August 8, 2019 8:40:00 PM EAT

Benjamin Diokno said : “Going forward, the BSP will continue to monitor price and output conditions to ensure that monetary policy remains appropriately supportive of sustained non-inflationary economic growth over the medium term,” External link

manilatimes Thursday, August 8, 2019 8:40:00 PM EAT

Benjamin Diokno told : “Until the end of the year, it’s around 50 basis points,” External link

gulf-times Wednesday, August 7, 2019 12:35:00 AM EAT

Benjamin Diokno said : “Until the end of the year, it’s around 50 basis points,” External link

news-yahoo Monday, August 5, 2019 12:47:00 PM EAT

Benjamin Diokno added : “We project a steady recovery in household spending as commodity prices continue to stabilize,” External link

manilatimes Thursday, July 25, 2019 7:03:00 AM EAT

Benjamin Diokno added : “Moreover, strong macroeconomic fundamentals, the sound banking system and firm economic growth prospects continue to support the domestic financial market,” External link

manilatimes Friday, July 19, 2019 9:08:00 PM EAT

Benjamin Diokno said : “Furthermore, the Philippine banking system remains healthy, as asset quality indicators continue to be positive and capital adequacy ratios remain comfortably above the BSP’s regulatory threshold and international standards,” External link

manilatimes Friday, July 19, 2019 9:08:00 PM EAT

Benjamin Diokno told ( about Fed Chairman ) : “As it is, there are two options on the part of the Fed — [a] 25-basis-point (bps) cut or a 50-bps cut. Except the probability is low for [the] 50-bps (reduction), but definitely it will cut,” External link

manilatimes Monday, July 15, 2019 4:21:00 AM EAT

Benjamin Diokno told : “Alam mo ‘yung (Have you looked at) foreign direct investments? I’ve looked at the data globally, it’s been declining. ’Yung sa atin (Here, it’s) increasing? That shows confidence. With the recent developments, baka tumaas pa (it might go up),” External link

manilatimes Wednesday, July 10, 2019 8:30:00 PM EAT

Benjamin Diokno said : “That’s unusual on his third year. [Isn’t that] fantastic? We’re doing great,” External link

manilatimes Wednesday, July 10, 2019 8:30:00 PM EAT

Benjamin Diokno said : “Palagay ko mauuna ‘yung interest rate cut bago [ang] reserve requirement (I think the interest rate cut will come first before the reserve requirement is eased),” External link

manilatimes Wednesday, July 10, 2019 8:30:00 PM EAT

Benjamin Diokno said : “Latest baseline forecasts indicate that inflation remains likely to settle within the target range of 3 percent ± 1 percentage point for both 2019 and 2020, while inflation expectations have moderated further,” External link

manilatimes Wednesday, July 10, 2019 8:30:00 PM EAT

Benjamin Diokno said : “For example, I think the Monetary Board is unanimous that we have to do something about the agri-agra reform. Those are the things we are looking into,” External link

manilatimes Tuesday, July 9, 2019 3:32:00 AM EAT

Benjamin Diokno said : “The BSP will keep close watch over latest economic developments to ensure that the monetary policy stance remains consistent with the BSP’s price stability objective while being supportive of economic growth,” External link

manilastandardtoday Friday, July 5, 2019 4:28:00 PM EAT

Benjamin Diokno said : “The end-June 2019 level of GIR serves as an ample external liquidity buffer and is equivalent to 7.4 months’ worth of imports of goods and payments of services and primary income. It is also equivalent to 5.1 times the country’s short-term external debt based on original maturity and 3.7 times based on residual maturity,” External link

manilastandardtoday Friday, July 5, 2019 3:37:00 PM EAT

Benjamin Diokno added : “The BSP will keep close watch over latest economic developments to ensure that the monetary policy stance remains consistent with the BSP’s price stability objective while being supportive of economic growth,” External link

pna Friday, July 5, 2019 12:41:00 PM EAT

Benjamin Diokno said : “Maybe we want to make it a precondition for these peoplewhoever they are, whoever will be the speaker or the Senate President, that they will support such measure,” External link

manilastandardtoday Thursday, July 4, 2019 11:43:00 PM EAT

Benjamin Diokno said : "It's an anti-corruption and anti-terrorism measure. It opens up more money for productive use," External link

abs-cbnnews Thursday, July 4, 2019 8:48:00 AM EAT

Benjamin Diokno told : "Not at this time. To me, I've seen many administrations, the best time to change the Charter is during the first half of your term, not during the second half. This is now implementation time," External link

abs-cbnnews Thursday, July 4, 2019 8:48:00 AM EAT

Benjamin Diokno added : “We’re just preparing the guidelines. It will be quick,” External link

manilatimes Wednesday, July 3, 2019 8:42:00 PM EAT

Benjamin Diokno said : “If you just look at the base effects, [the] third quarter (inflation rate) can really be around 2 percent or even lower,” External link

manilatimes Wednesday, July 3, 2019 8:42:00 PM EAT

Benjamin Diokno said ( about Bangko Sentral ) : “Rest assured that the Bangko Sentral will continue pursuing its mandate with the Filipino people always in mind,” External link

manilatimes Wednesday, July 3, 2019 8:42:00 PM EAT

Benjamin Diokno said : “A prudent pause allows the BSP to observe and assess the impact of prior monetary adjustments including the phased reduction in the reserve requirements to be completed by the end of July,” External link

manilastandardtoday Friday, June 28, 2019 5:45:00 PM EAT

Benjamin Diokno said : “the Monetary Board believes that the manageable inflation outlook and firm domestic growth prospects support keeping monetary policy settings steady for the time being” “Latest baseline forecasts indicate that inflation remains likely to settle within the target range of 3.0 percent ± 1.0 percentage point for both 2019 and 2020, while inflation expectations have moderated further,” External link

manilatimes Thursday, June 20, 2019 8:17:00 PM EAT

Benjamin Diokno said : “the BSP will continue to monitor emerging price and output conditions to ensure that monetary policy remains in line with the BSP’s price stability objective while being supportive of economic growth” External link

manilatimes Thursday, June 20, 2019 8:17:00 PM EAT

Benjamin Diokno said : “Latest baseline forecasts indicate that inflation remains likely to settle within the target range of 2 to 4 percent both for 2029 and 2020, while inflation expectations have further moderated,” External link

manilastandardtoday Thursday, June 20, 2019 6:55:00 PM EAT

Benjamin Diokno said : “A prudent pause allows the BSP to observe and assess the impact of prior monetary adjustments including the phased reduction in the reserve requirements to be completed by the end of July,” External link

manilastandardtoday Thursday, June 20, 2019 6:55:00 PM EAT

Benjamin Diokno said : "On balance, therefore, the Monetary Board believes that the manageable inflation outlook and firm domestic growth prospects support keeping monetary policy settings steady for the time being," External link

xinhuanet_en Thursday, June 20, 2019 3:44:00 PM EAT

Benjamin Diokno added : "A prudent pause allows the BSP to observe and assess the impact of prior monetary adjustments including the phased reduction in the reserve requirements to be completed by the end of July," External link

xinhuanet_en Thursday, June 20, 2019 3:44:00 PM EAT

Benjamin Diokno explained : “This growth was supported by remittances from both land-based ($1.8 billion) and sea-based ($0.6 billion) workers, which rose by 2.2 percent and 10.6 percent, respectively,” External link

manilatimes Monday, June 17, 2019 11:35:00 PM EAT

Benjamin Diokno said : "It is also equivalent to 5.1 times the country's short-term external debt based on original maturity and 3.6 times based on residual maturity," External link

xinhuanet_en Friday, June 7, 2019 3:07:00 PM EAT

Benjamin Diokno said : "Keeping our house in order remains the first and best line of defense," External link

abs-cbnnews Friday, June 7, 2019 10:32:00 AM EAT

Benjamin Diokno said : “Looking ahead, we expect inflation to be in the neighborhood of 2 percent in the third quarter of 2019. With world oil prices easing, we expect the annual inflation rate to be in the vicinity of 3.0 percent in 2019 and 2020,” External link

manilatimes Wednesday, June 5, 2019 9:22:00 PM EAT

Benjamin Diokno said : “If the rest of the world goes cutting or easing, we’ll be accelerating the process of monetary easing,” External link

news-yahoo Friday, May 31, 2019 12:02:00 PM EAT



Key Titles and Phrases Count Lang Last Seen
secretary95.26%EN11/22/201722/11/2017
justice secretary0.14%EN05/15/201715/05/2017
energy secretary0.14%EN05/14/201714/05/2017
defense secretary0.14%EN01/31/201731/01/2017
finance secretary0.68%EN01/06/201706/01/2017
public works secretary0.14%EN12/20/201620/12/2016
communications secretary0.14%EN11/22/201622/11/2016
minister1.22%EN10/21/201621/10/2016
trade secretary0.41%EN10/19/201619/10/2016
philippine drug enforcement agency director general0.14%EN10/15/201615/10/2016
economist0.27%EN08/25/201625/08/2016
successor0.14%EN06/12/201612/06/2016
economics professor1.22%EN01/29/201529/01/2015
Names Lang Count
Benjamin DioknoEN99.25%
Benjamin DioknoSA0.25%
Benjamin DioknoFR0.25%
Benjamin DioknoPT0.25%


 
Show/hide duplicate news articles.
<<10<12345678910>>>10
 
Show/hide duplicate news articles.
<<10<12345678910>>>10

Tools

Load latest edition

Wednesday, July 8, 2020

5:16:00 PM EAT

Languages Collapse menu...Expand menu...

Select your languages

af
am
ar
de
en
es
fr
ha
pt
rw
sw
all
Show additional languagesHide additional languages

Interface:

Legend Collapse menu...Expand menu...


Quotes... Explore Relations


EMM Visual Explorer


Quotes... Extracted quotes about

AfricaBrief

Benjamin Diokno

Last updated on 2017-10-18T08:05+0300.

About this image

sign

Quotes... Extracted quotes from

Benjamin Diokno said : "The Philippines entered into the global pandemic from a position of strength thus the sound fundamentals will lend support and propel the economy to strong recovery in the coming years," External link

abs-cbnnews Wednesday, July 8, 2020 9:50:00 AM EAT

Benjamin Diokno said : "Our experience with COVID-19 highlighted the increasing importance of digital transactions," "It is observed that the volume and value of the combined transactions of Pesonet and Instapay during the lockdown surged while the volume and value of check payments and ATM withdrawals declined," External link

abs-cbnnews Wednesday, July 8, 2020 9:50:00 AM EAT

Benjamin Diokno said : "Kung nahihirapan ka rin magbayad ng interes eh puwede mo naman kausapin ang mga bangko kasi tinulungan namin ang bangko," External link

abs-cbnnews Monday, July 6, 2020 10:30:00 AM EAT

Benjamin Diokno said : "Hindi po tayo dapat ma-bother na maliit ngayong taon na ito, sa tingin po namin ay temporary lang itong nangyari sa atin. Dapat siguro mag export pa tayo ng maraming doktor, nurses, computer specialists in the future," External link

abs-cbnnews Monday, July 6, 2020 10:30:00 AM EAT

Benjamin Diokno said : "The international scandal used the names of the Philippines’ 2 biggest banks, an attempt to cover the perpetrators track," External link

abs-cbnnews Monday, July 6, 2020 10:30:00 AM EAT

Benjamin Diokno said : “There are some activities that may not be able to take off at this time but there are some [that are] ready. Maybe about 70 percent of the economy can move forward,” External link

manilatimes Thursday, July 2, 2020 4:10:00 PM EAT

Benjamin Diokno explained : “The agreement signed today links the BSP’s Monetary Operations System (MOS) and the BTr’ National Registry of Scripless Securities (NRoSS). The connectivity of the MOS and NRoSS is the main infrastructure that would allow the issuance to be possible and would make the features of the BSP securities negotiable and attractive to the market,” External link

tribuneonline Wednesday, July 1, 2020 10:45:00 PM EAT

Benjamin Diokno said : “The main purpose for the issuance of BSP securities is to manage liquidity in the financial system to support monetary policy transmission. The funds will remain locked away at the BSP until the securities mature or redeemed by the BSP before the original maturity date,” “In the meantime, the accepted interest rate for the BSP securities provides guidance for the market interest rates for similar instruments,” External link

tribuneonline Wednesday, July 1, 2020 10:45:00 PM EAT

Benjamin Diokno concluded : “Looking ahead, the BSP will continue to monitor evolving economic and financial conditions to ensure that the monetary policy stance remains consistent with the BSP’s price stability mandate,” External link

tribuneonline Wednesday, July 1, 2020 9:09:00 PM EAT

Benjamin Diokno explained : “Human behavior is expected to change with social distancing as the new norm. People are expected to prefer using electronic payment and financial services to face-to-face and over-the-counter transactions,” “We need to quicken the adoption of the National QR (quick response) code standard to enable interoperable payments for person-to-person and person-to-merchant transactions,” External link

tribuneonline Wednesday, July 1, 2020 9:09:00 PM EAT

Benjamin Diokno said : “Renowned for their agility, adaptability and digital fluency, fintechs are uniquely positioned to support the country’s bid to shape a new economy that is more resilient, inclusive and technology-enabled,” External link

tribuneonline Wednesday, July 1, 2020 9:09:00 PM EAT

Benjamin Diokno said : “This is an extraordinary situation but hopefully we will not hit the negative real interest rate. But even if that should happen, that is a come on for consumers to spend their money on worthwhile projects because why would one deposit money in the bank when one is not getting real interest?” External link

tribuneonline Wednesday, July 1, 2020 9:09:00 PM EAT

Benjamin Diokno said : “Higher gasoline, diesel and kerosene prices as well as the uptick in the price of rice due to supply bottlenecks contributed to positive price pressures during the month,” External link

manilatimes Wednesday, July 1, 2020 7:43:00 PM EAT

Benjamin Diokno added : “One of the priority policy initiatives lined up is open banking,” External link

manilastandardtoday Wednesday, July 1, 2020 1:53:00 PM EAT

Benjamin Diokno said : “The negative impact of the Covid-19 (coronavirus disease 2019) crisis is harsher than what was originally thought,” External link

manilatimes Monday, June 29, 2020 8:02:00 PM EAT

Benjamin Diokno said : “Inflation is the least of our worry at this time. We want people to spend money, in worthwhile projects. If you want to invest in a new house do it now, because conditions really are to your favor. Interest rates are so low and it will remain low for quite some time,” External link

abs-cbnnews Monday, June 29, 2020 8:15:00 AM EAT

Benjamin Diokno said : "The option to cut the RRR remains on the table as we’re monitoring the liquidity in the system," "We have not actually fully opened the economy so we don’t know what would be the behavior of consumers and banks as we open up the economy," External link

abs-cbnnews Monday, June 29, 2020 6:42:00 AM EAT

Benjamin Diokno said : “We continue to work closely with the fiscal authorities. We can act faster because the central bank is autonomous. We don’t need Congressional action or something like that. So, we thought that given the pandemic, we have to infuse liquidity into the system,” External link

pna Friday, June 26, 2020 8:02:00 AM EAT

Benjamin Diokno said : “Because of the pandemic, government revenues are reduced and at the same time, the government has to spend a lot of money for granting aid, subsidies, and for beefing up our health system. So higher spending, lower revenues. They need money, so we create them. We entered (into) a repo arrangement with them,” External link

pna Friday, June 26, 2020 8:02:00 AM EAT

Benjamin Diokno said : “At its meeting on monetary policy today, the MB decided to cut the interest rate on the BSP’s overnight reverse repurchase (RRP) facility by 50 basis points to 2.25 percent, effective Friday, 26 June 2020,” “The interest rates on the overnight deposit and lending facilities were reduced to 1.75 percent and 2.75 percent, respectively,” External link

tribuneonline Thursday, June 25, 2020 11:05:00 PM EAT

Benjamin Diokno explained : “Given these considerations, the MB decided that a further reduction in the policy rate amid a benign inflation environment would help mitigate the downside risks to growth and boost market confidence,” External link

tribuneonline Thursday, June 25, 2020 11:05:00 PM EAT

Benjamin Diokno concluded : “The BSP remains committed to deploying its full range of monetary instruments and regulatory relief measures as needed in fulfillment of its mandate to promote non-inflationary and sustainable growth,” External link

tribuneonline Thursday, June 25, 2020 11:05:00 PM EAT

Benjamin Diokno said : “The Monetary Board decided that a further reduction in the policy rate amidst a benign inflation environment would help mitigate the downside risks to growth and boost market confidence,” External link

news-yahoo Thursday, June 25, 2020 12:03:00 PM EAT

Benjamin Diokno said : “Keeping an accommodative stance will further ease the cost of borrowing and ensure ample credit and liquidity in the financial system as the economy transitions toward recovery in the coming months,” External link

news-yahoo Thursday, June 25, 2020 12:03:00 PM EAT

Benjamin Diokno said : "The international financial scandal used the names of two of the country's biggest banksBDO and BPIin an attempt to cover the perpetrators attack," External link

manilastandardtoday Wednesday, June 24, 2020 7:32:00 PM EAT

Benjamin Diokno said : “There’s too much liquidity in the system, so we have to seriously look at whether there’s a need for an additional cut in reserve requirement,” External link

news-yahoo Monday, June 22, 2020 10:19:00 AM EAT

Benjamin Diokno said : “The initial report is that no money entered the Philippines and that there is no loss to both banks,” External link

JakartaPost Monday, June 22, 2020 7:07:00 AM EAT

Benjamin Diokno told : "Will there be a cut in the June to August meeting? We're looking at it and we're looking at information," External link

abs-cbnnews Monday, June 22, 2020 5:43:00 AM EAT

Benjamin Diokno said : "The initial report is that no money entered the Philippines and that there is no loss to both banks," "The international financial scandal used the names of two of the country's biggest banks - BDO and BPI - in an attempt to cover the perpetrators' track," External link

dw-en Sunday, June 21, 2020 11:55:00 PM EAT

Benjamin Diokno said : “The initial report is that no money entered the Philippines and that there is no loss to both banks,” External link

TheFrontierPost-en Sunday, June 21, 2020 11:48:00 PM EAT

Benjamin Diokno said : “The initial report is that no money entered the Philippines and that there is no loss to both banks,” External link

news-yahoo Sunday, June 21, 2020 3:02:00 PM EAT

Benjamin Diokno said : “The international financial scandal used the names of two of the country’s biggest banks — BDO and BPI — in an attempt to cover the perpetrators’ track,” External link

news-yahoo Sunday, June 21, 2020 3:02:00 PM EAT

Benjamin Diokno said : "The initial report is that no money entered the Philippines and that there is no loss to both banks," External link

news-yahoo Sunday, June 21, 2020 1:24:00 PM EAT

Benjamin Diokno said : “The initial report is that no money entered the Philippines and that there is no loss to both banks,” External link

thenational Sunday, June 21, 2020 11:45:00 AM EAT

Benjamin Diokno said : “The initial report is that no money entered the Philippines and that there is no loss to both banks,” External link

bloomberg Sunday, June 21, 2020 8:37:00 AM EAT

Benjamin Diokno said : “The international financial scandal used the names of two of the country’s biggest banks — BDO and BPI — in an attempt to cover the perpetrators’ track,” External link

bloomberg Sunday, June 21, 2020 8:37:00 AM EAT

Benjamin Diokno said : "The initial report is that no money entered the Philippines and that there is no loss to both banks," External link

channelnewsasia Sunday, June 21, 2020 8:34:00 AM EAT

Benjamin Diokno said : “The initial report is that no money entered the Philippines and that there is no loss to both banks,” External link

themalaymailonline Sunday, June 21, 2020 8:09:00 AM EAT

Benjamin Diokno said : "The initial report is that no money entered the Philippines and that there is no loss to both banks," External link

4-traders Sunday, June 21, 2020 8:01:00 AM EAT

Benjamin Diokno said : "The initial report is that no money entered the Philippines and that there is no loss to both banks," External link

4-traders Sunday, June 21, 2020 7:09:00 AM EAT

Benjamin Diokno said : “The BSP has fortified its rules on DOSRI to deter any opportunistic acts of directors, officers, stockholders and related interests (DOSRI) of banks,” “DOSRI rules are strictly enforced and violations of such rules are serious in nature and are not treated lightly by the BSP,” External link

pna Friday, June 19, 2020 10:02:00 AM EAT

Benjamin Diokno said : “However, considering that this is already under investigation, as well as the confidentiality of matters involving banks as provided for under its charter, the BSP cannot comment further,” External link

manilatimes Tuesday, June 16, 2020 8:11:00 PM EAT

Benjamin Diokno said : "not a major blow to our external position," "We still expect a positive balance of payment position," External link

abs-cbnnews Tuesday, June 16, 2020 5:20:00 AM EAT

Benjamin Diokno said : “This is due mainly to large repatriation of workers and major economic disruptions in host countries. The OF remittances is expected to bounce back by 4 percent in 2021, however,” External link

tribuneonline Saturday, June 13, 2020 1:03:00 AM EAT

Benjamin Diokno explained : “Despite being resilient in past crises, OF remittances is seen to contract by 5 percent, a reversal from the 3 percent growth in the November 2019 projection. This is due mainly to large repatriation of workers and major economic disruptions in host countries,” “The OF remittances is expected to bounce back by 4 percent in 2021, however,” External link

tribuneonline Saturday, June 13, 2020 1:03:00 AM EAT

Benjamin Diokno said : “The overall BoP levels in 2020 and 2021 are projected to sustain the current surplus trend, though at levels lower than prior to the COVID-19 pandemic,” “BoP as percent of GDP (gross domestic product) will fall from 0.7 (as of November 2019) to 0.2 (as of May 2020); it will increase to 0.6 by 2021,” External link

tribuneonline Saturday, June 13, 2020 1:03:00 AM EAT

Benjamin Diokno said : “This is due mainly to large repatriation of workers and major economic disruptions in host countries. [But] remittances are expected to bounce back by a 4-percent [growth] in 2021,” External link

manilastandardtoday Friday, June 12, 2020 5:00:00 PM EAT

Benjamin Diokno said : “Despite being resilient in past crises, OFW remittances are seen to contract by 5 percent, a reversal from the 3 percent growth in the November 2019 projection,” External link

manilatimes Friday, June 12, 2020 8:17:00 AM EAT

Benjamin Diokno said : “While we have temporarily veered our attention away from the Road to A agenda because our focus at the moment is on saving lives, jobs and livelihoods, we welcome positive assessments from international observers like JCR,” “We hope this helps to uplift the Filipino spirit at this trying time and to inspire us to work harder together to emerge stronger after the pandemic,” External link

tribuneonline Thursday, June 11, 2020 10:40:00 PM EAT

Benjamin Diokno said : “If there’s a need for further loosening, we will apply the full powers of the central bank,” “I’m not saying we’re not gonna cut this year, or in the next meeting, but we’re closely looking at the data” External link

tribuneonline Monday, June 8, 2020 8:00:00 PM EAT

Benjamin Diokno said : “Hindi namin pwedeng i-pwersa yung bangko, diskarte ng bangko yan,” External link

abs-cbnnews Monday, June 8, 2020 11:58:00 AM EAT

Benjamin Diokno said ( about Labor ) : “The increase in unemployment in April does not reflect the true state of the economy and the jobs market. It was more a result of the policy decision to save lives in response to the COVID -19 (coronavirus disease) pandemic,” “Note that the April 2020 Labor Force Survey (LFS)was conducted from 20 April to 16 May, at the height of the ECQ. A big part of the economy was shuttered; the consequent rise in joblessness was State-induced,” External link

tribuneonline Saturday, June 6, 2020 7:54:00 PM EAT

Benjamin Diokno said : “I’m confident that the next jobs report which is due in August 2020 will show a starkly different picture. The next LFS will be conducted from 20 July to 15 August,” “Moving forward, as the containment measures are relaxed nationwide, job recovery is expected. But as job loss was uneven during the lockdown, so will job creation in the transition,” External link

tribuneonline Saturday, June 6, 2020 7:54:00 PM EAT

Benjamin Diokno concluded : “The BSP is committed to stave off prolonged and deeper economic contraction. We, therefore, reiterate our support for carefully coordinated actions with other government authorities, as well as pending stimulus bills in Congress aimed at responding to the evolving needs of the economy as it transitions into new economic realities amid the ongoing pandemic,” External link

tribuneonline Saturday, June 6, 2020 7:54:00 PM EAT

Benjamin Diokno explained : “Meanwhile, global rice prices continue to increase, owing to lower output among major rice producers in the Asean (Association of Southeast Asian Nations) region amid the ongoing drought in the Mekong Delta,” External link

manilatimes Friday, June 5, 2020 9:33:00 PM EAT

Benjamin Diokno said : “With the significant shift to digital financial services, it is critical to be vigilant against fraudsters and cyber criminals who take advantage of this change in consumer behavior,” External link

manilatimes Friday, June 5, 2020 8:04:00 PM EAT

Benjamin Diokno explained : “These phishing emails initially appear to provide information and how a person can protect himself or herself from Covid-19. Some even contain legitimate statements/advice from public officials or valid sources, but they are actually loaded with spyware,” External link

manilatimes Friday, June 5, 2020 8:04:00 PM EAT

Benjamin Diokno said : “Proper cyber hygiene and ensuring strict confidentiality of personal information are some of the most basic, but effective means of avoiding frauds,” External link

manilatimes Friday, June 5, 2020 8:04:00 PM EAT

Benjamin Diokno said : “Now, to ensure the financial services industry remains cyberresilient, the BSP put in place initiatives that support its regular supervisory activities,” External link

manilatimes Friday, June 5, 2020 8:04:00 PM EAT

Benjamin Diokno explained : “Meanwhile, global rice prices continue to increase, owing to lower output among major rice producers in the Asean (Association of Southeast Asian Nations) region amid the ongoing drought in the Mekong Delta,” External link

manilatimes Friday, June 5, 2020 6:22:00 PM EAT

Benjamin Diokno said : “Inflation has monotonically dropped from 2.9 percent in January to 2.6 percent in February to 2.5 percent in March to 2.2 percent in April and now to 2.1 percent in May. The latest inflation number is consistent with the prevailing assessment by the BSP that inflation is expected to remain benign over the policy horizon due largely to the adverse impact of the coronavirus pandemic on the domestic and global economy,” External link

manilastandardtoday Friday, June 5, 2020 5:03:00 PM EAT

Benjamin Diokno said : “Right now, we’re happy where the current policy rate is,” External link

bworldcom Thursday, June 4, 2020 1:32:00 AM EAT

Benjamin Diokno said : “As we advance from the current crisis to the New Economy state, we need urgent reforms in the areas of public health, social protection, disaster response and countryside development. Reinforcing all these reforms is the digital imperative,” “The end goal is to have a New Economy, which ought to be safe, better and more technologically equipped than what we had before,” External link

tribuneonline Wednesday, June 3, 2020 10:54:00 PM EAT

Benjamin Diokno explained : “Furthermore, we should fully operationalize the national ID system, pursue further efforts toward e-government services, provide enabling legal and regulatory environment and communicate the benefits of all of these to the public,” External link

tribuneonline Wednesday, June 3, 2020 10:54:00 PM EAT

Benjamin Diokno said : “Lending to vulnerable sectors, led by MSMEs, will go a long way in helping speed up the economy’s recovery,” External link

manilatimes Wednesday, June 3, 2020 8:46:00 PM EAT

Benjamin Diokno said : “Right now, we’re happy where the current policy rate is,” External link

news-yahoo Wednesday, June 3, 2020 1:52:00 PM EAT

Benjamin Diokno said : "It's good that we have opened up the economy especially for the MSMEs," External link

abs-cbnnews Tuesday, June 2, 2020 6:17:00 AM EAT

Benjamin Diokno said : “Thanks to critical institutional reforms and sound policy management, we are in the advantageous position of having monetary space to carry out further easing, if necessary,” External link

tribuneonline Sunday, May 31, 2020 3:52:00 PM EAT

Benjamin Diokno said : "This is a big vote of confidence coming from the rating agency on the post-pandemic economic recovery of the Philippines," External link

abs-cbnnews Sunday, May 31, 2020 3:36:00 PM EAT

Benjamin Diokno said : "The Philippines is defying the global trend of rating downgrades and negative rating outlook as an aftermath of the health crisis and the subsequent containment measures of many governments," External link

abs-cbnnews Sunday, May 31, 2020 3:36:00 PM EAT

Benjamin Diokno said : “With the unprecedented coronavirus pandemic and its adverse impact on global outlook and investor confidence, we recognize that any projection on external account performance would only be tentative and would have a high level of uncertainty,” “By necessity, forecast will be based on some scenario assumptions and estimates which would tend to have considerable uncertainty as they impact on the baseline projection prior to the coronavirus outbreak,” External link

tribuneonline Saturday, May 30, 2020 12:06:00 AM EAT

Benjamin Diokno said : “the decision to unwind Covid-19 policy responses must be done in a gradual, prudent and informed manner” “Complete risk assessment based on all available data must support the decision and timing of unwinding. Likewise, appropriate communication must accompany the decision to unwind,” External link

manilatimes Friday, May 29, 2020 9:44:00 PM EAT

Benjamin Diokno explained : “Higher domestic oil prices, as well as the uptick in the prices of various agricultural products due to supply bottlenecks and the impact of Typhoon ‘Ambo’ (international name: Vongfong) contributed to positive price pressures during the month,” External link

manilatimes Friday, May 29, 2020 8:57:00 PM EAT

Benjamin Diokno said ( about Manila Electric ) : “Meanwhile, the electricity rates in Meralco (Manila Electric Co.)-serviced areas declined during the month despite the reported increase in the total electricity bill due to higher consumption,” External link

manilatimes Friday, May 29, 2020 8:57:00 PM EAT

Benjamin Diokno said : “Moving forward, the BSP will remain watchful of economic and financial developments, and stand ready to take necessary policy actions to ensure the delivery of its primary mandate of price stability,” External link

manilatimes Friday, May 29, 2020 8:57:00 PM EAT

Benjamin Diokno said : “With the unprecedented coronavirus pandemic and its adverse impact on global outlook and investor confidence, we recognize that any projection on external account performance would only be tentative and would have a high level of uncertainty,” External link

manilatimes Thursday, May 28, 2020 8:07:00 PM EAT

Benjamin Diokno pointed out : “The crisis has exposed the vulnerabilities and gaps in existing processes and systems that we need to swiftly deal with to cover lost momentum because of the COVID-19,” External link

bworldcom Wednesday, May 27, 2020 12:35:00 PM EAT

Benjamin Diokno told : "Given the subdued inflation, we might cut again...Right now we’re at 2.75 coming from 4 percent. We still have a lot of elbow room, I can tell you that," External link

abs-cbnnews Monday, May 25, 2020 5:25:00 AM EAT

Benjamin Diokno added : “even in the context of retaliatory tariffs between US and China, the country’s exports have remained broadly stable” External link

manilatimes Sunday, May 24, 2020 9:02:00 PM EAT

Benjamin Diokno added : “while the Philippines has been recognized as one of the top investment destinations post-COVID-19, the Executive, Congress, and the private sector have to unceasingly do more to further boost the country’s attractiveness to foreign investors” External link

pna Saturday, May 23, 2020 2:06:00 PM EAT

Benjamin Diokno said : “the political leadership and economic managers should focus on saving lives, saving livelihoods and saving jobs” External link

bworldcom Saturday, May 23, 2020 8:41:00 AM EAT

Benjamin Diokno said : “The BSP [is] yet to exhaust the conventional monetary instruments in its toolkit to support the liquidity requirements of the economy, should conditions warrant,” External link

manilatimes Friday, May 22, 2020 9:46:00 PM EAT

Benjamin Diokno said : “The crisis has bared the vulnerabilities and gaps in existing processes and systems that we need to swiftly deal with to cover lost momentum because of Covid-19,” External link

manilatimes Friday, May 22, 2020 9:46:00 PM EAT

Benjamin Diokno said : “as technology will play a pivotal role in reshaping the means of production and the delivery of goods and services in the post-Covid world,” External link

manilatimes Friday, May 22, 2020 9:46:00 PM EAT

Benjamin Diokno said : “This will help ensure that food and other essential goods and services are available, accessible and affordable,” “For example, an efficient logistics system for agriculture facilitates the transport of agricultural inputs including farm equipment and machinery to farmers to keep food production uninterrupted,” External link

manilatimes Friday, May 22, 2020 9:46:00 PM EAT

Benjamin Diokno said : “We expect financial institutions to provide and communicate the least burdensome payment options to their clients,” “They must consider this as their patriotic duty to help the public, especially the micro, small and medium enterprises during this challenging time” External link

inquirer Friday, May 22, 2020 2:05:00 AM EAT

Benjamin Diokno said : “But for sure, we are better prepared this time than in 1997,” External link

inquirer Friday, May 22, 2020 2:05:00 AM EAT

Benjamin Diokno said : “I wish it were under better circumstances that I will say this, but the fintech community has a lot to look forward to and even more to contribute in the shaping of the new economy — one defined by shared and sustainable prosperity,” “With our collective efforts, may we be able to look back at this crisis with no regrets for wasted opportunities,” External link

manilatimes Wednesday, May 20, 2020 9:57:00 PM EAT

Benjamin Diokno said : "Hinay-hinay lang po tayo (Let's be careful) but I can assure you that if there is a need for additional liquidity, BSP will cut the reserve requirement," External link

abs-cbnnews Wednesday, May 20, 2020 1:12:00 PM EAT

Benjamin Diokno said : “As a percentage of GDP, debt was estimated at below 40 percent as of end-2019,” External link

manilatimes Tuesday, May 19, 2020 11:36:00 PM EAT

Benjamin Diokno said : “BSP sees no apparent and immediate need to avail of IMF’s SLL. Structural reforms and sound economic management have helped the Philippines enter the COVID-19 (coronavirus disease) crisis from a position of strength,” External link

tribuneonline Tuesday, May 19, 2020 11:08:00 PM EAT

Benjamin Diokno told : “Although Philippine banks are adequately capitalized, have quality assets and have ample buffers, some may face financial distress if the pandemic and its aftermath — slower domestic and global economy and more risk-averse consumers — last indefinitely,” External link

manilatimes Tuesday, May 19, 2020 9:20:00 PM EAT

Benjamin Diokno said : “As I said before, structural reforms and sound economic management have helped the Philippines enter the COVID-19 crisis from a position of strength,” External link

manilastandardtoday Tuesday, May 19, 2020 6:11:00 PM EAT

Benjamin Diokno said : “Second, the peso is stable. Year to date [as of May 15, 2020], the peso has outperformed most of its peers in the region which is least depreciated and second to the TWD [Taiwan dollar], which is the only currency that appreciated versus the US dollar,” External link

manilastandardtoday Tuesday, May 19, 2020 6:11:00 PM EAT

Benjamin Diokno said : “It is adequate to cover 7.9 months of imports of goods and services and payments of primary income,” External link

manilastandardtoday Tuesday, May 19, 2020 6:11:00 PM EAT

Benjamin Diokno said : “Any such move (to help the economy), we welcome. In fact, we participated in the drafting of the Philippine Banking Industry Resiliency Act against COVID-19 pandemic. We call it the FIST or Financial Institutions Strategic Transfer,” External link

tribuneonline Monday, May 18, 2020 10:49:00 PM EAT

Benjamin Diokno said : “A lot of things depend on the behavior of the Filipino people. If we can avoid a second or a third wave, the forecast will be steady. That means a U-shape recovery. But in case there is a second wave, that could mean a W-shape recovery. That will be much worse than the revised forecast,” “You have to consider that a big chunk of the country is under modified quarantine. That is a positive, unless there is a deterioration in those hotspots. I think we are ready towards our move for normalization. So, I am optimistic that the forecast right now of the DBCC (Development Budget Coordination Committee) might hold,” External link

tribuneonline Monday, May 18, 2020 7:31:00 PM EAT

Benjamin Diokno explained : “On monetary, we have done a lot of anticipatory measures and we are looking at how it is easing the liquidity in the market. Whether it is helping what sector,” “On the fiscal side, they have also deployed a lot of initiatives so let’s see how it works” External link

tribuneonline Monday, May 18, 2020 7:31:00 PM EAT

Benjamin Diokno told : "A lot of things depend on the behavior of the people. If we can avoid a second or third wave, the forecast should be steady. In case there is a second wave, it will be much worse than the revised forecast," External link

abs-cbnnews Monday, May 18, 2020 4:56:00 AM EAT

Benjamin Diokno said : “Of course, [the] BSP will continue to closely monitor the level of remittances send by Filipino overseas workers, in addition [to] other inflows of foreign currencies. And we will continue to release monthly data on such foreign trade and incomes numbers,” External link

manilatimes Friday, May 15, 2020 9:57:00 PM EAT

Benjamin Diokno said : “That’s BSP’s latest forecast. As you know the government has now allowed Filipino overseas workers to leave the country, except health workers, who are most needed at home,” External link

manilastandardtoday Friday, May 15, 2020 5:24:00 PM EAT

Benjamin Diokno noted : “the government has now allowed OFWs to leave the country, except health workers who are most needed at home” External link

pna Friday, May 15, 2020 11:44:00 AM EAT

Benjamin Diokno said : “Monetary policy is not the only game in town. We need a strong fiscal stimulus. What gets in the way is the absence of a supplemental budget,” External link

tribuneonline Tuesday, May 12, 2020 8:26:00 PM EAT

Benjamin Diokno said : “While the economy is likely to contract this year, the contraction would be less severe compared to most economies in the world,” External link

manilastandardtoday Tuesday, May 12, 2020 4:48:00 PM EAT

Benjamin Diokno said : “In fact, barring a second wave of infections, I expect the economy to have a strong rebound, estimated at 7.8 percent in 2021,” External link

manilastandardtoday Tuesday, May 12, 2020 4:48:00 PM EAT

Benjamin Diokno said : "Monetary policy is not the only game in town. We need a strong fiscal stimulus, what gets in the way is the absence of a supplemental budget," External link

abs-cbnnews Tuesday, May 12, 2020 12:26:00 PM EAT

Benjamin Diokno said : “Monetary policy is not the only game in town. We need a strong fiscal stimulus, what gets in the way is the absence of a supplemental budget,” “Under the Bayanihan Act, the Congress authorized the President to rearrange the prioritization in the 2020 budget. Strictly speaking, there was no new appropriations. Hence, the impact of the fiscal stimulus is limited,” External link

tribuneonline Monday, May 11, 2020 7:22:00 PM EAT

Benjamin Diokno explained : “Some of the new money can be used for emergency employment aimed at creating two million new jobs. These jobs will be allocated to 42,045 barangays, to be distributed based on the number of inhabitants per barangay and the level of unemployment per province or city,” “The emergency employment is quick-disbursing and will have high multiplier effect. It is pro-poor and egalitarian. It gives the ordinary worker a greater sense of self-respect since he works for the food on his table. By helping himself, the worker helps his fellowmen and society,” External link

tribuneonline Monday, May 11, 2020 7:22:00 PM EAT

Benjamin Diokno said : “We have to have an idea of how the new economy will look like. The economy will change drastically,” “The new economy will be much, much different. It has to be safer. It has to be better and it has to be tech savvy” External link

tribuneonline Monday, May 11, 2020 7:22:00 PM EAT

Benjamin Diokno said : “There will be a strong recovery in the fourth quarter, assuming there’s no second wave,” External link

tribuneonline Monday, May 11, 2020 7:22:00 PM EAT

Benjamin Diokno said : “the workers will be paid 10 percent lower than the minimum wage rate in the region, will work for eight hours, five days a week, for seven months” External link

pna Monday, May 11, 2020 4:55:00 PM EAT

Benjamin Diokno said : "We expect the economy to go deeper in the second quarter because of the full effect of the lockdown," External link

abs-cbnnews Monday, May 11, 2020 5:41:00 AM EAT

Benjamin Diokno said : “The Philippine banking system will be able to withstand the adverse effects and uncertainties brought about by the COVID-19 (coronavirus disease) global pandemic because it is sound and resilient,” External link

tribuneonline Friday, May 8, 2020 11:31:00 PM EAT

Benjamin Diokno indicated : “The BSP has increased liquidity by reducing the reserve requirement ratio (RRR) by 200 basis points (bps) and cut policy rate by 125 bps,” External link

tribuneonline Thursday, May 7, 2020 11:26:00 PM EAT

Benjamin Diokno said : “Structural reforms and sound economic management over the years have provided us with monetary and fiscal space to safeguard lives and support livelihoods at this critical time,” “The BSP’s long list of prompt and decisive policy support measures–including the cumulative 125 basis points (bps) cut in the policy rate and the 200 bps reduction in the reserve requirement ratio so far this year–shows that we have been putting our elbow room to good use,” External link

tribuneonline Thursday, May 7, 2020 3:46:00 PM EAT

Benjamin Diokno explained : “The road to A may take a backseat for the moment. Our concern right now is to help our people rather than pursuing our road to A although we’re still confident that we may achieve A rating by 2022,” External link

tribuneonline Thursday, May 7, 2020 3:46:00 PM EAT

Benjamin Diokno said : "We’re forecasting a contraction in the second quarter and also in the third quarter. That’s why we’re talking about a U-shaped recovery. But we’re expecting a strong bounce back in the fourth quarter," External link

abs-cbnnews Thursday, May 7, 2020 1:00:00 PM EAT

Benjamin Diokno said : “We expect these monetary policy measures to have a cascading impact on market interest rates, which would eventually translate to lower borrowing costs for the government as well as for firms and people,” External link

abs-cbnnews Thursday, May 7, 2020 1:00:00 PM EAT

Benjamin Diokno said : “The latest baseline forecasts indicate that inflation could settle at the low end of the government’s target range of 3 percent plus or minus 1.0 percentage point, at 2 percent for 2020 and 2.5 percent for 2021,” External link

manilastandardtoday Tuesday, May 5, 2020 4:06:00 PM EAT

Benjamin Diokno said : “Meanwhile, the domestic economy will likely follow a U-shaped recovery path. Growth is expected to bounce back to its potential output growth in 2021 supported by the measures under the government recovery plans,” External link

manilastandardtoday Tuesday, May 5, 2020 4:06:00 PM EAT

Benjamin Diokno noted : “the importance of shifting consumer behavior toward e-payments, considering the limitations on people’s movement and activities during the ECQ” External link

tribuneonline Tuesday, May 5, 2020 12:55:00 PM EAT

Benjamin Diokno said : “We will use all our tools to help our people pass this coronavirus crisis,” External link

tribuneonline Monday, May 4, 2020 10:34:00 PM EAT

Benjamin Diokno said : “We’ll do anything to get us through this crisis,” External link

tribuneonline Monday, May 4, 2020 10:34:00 PM EAT

Benjamin Diokno added : “In particular, physical and transition risks arising from climate change could result in significant societal, economic and financial risks affecting the banks and their stakeholders,” External link

manilatimes Sunday, May 3, 2020 11:58:00 PM EAT

Benjamin Diokno said : “In this regard, banks shall adopt a transition plan with specific timelines to implement the board-approved strategies and policies integrating sustainability principles into their corporate governance and risk management frameworks as well as in their strategic objectives and operations,” External link

manilatimes Sunday, May 3, 2020 11:58:00 PM EAT

Benjamin Diokno said : “But our relative position among emerging economies gives us confidence that the Philippines would have a U-shaped bounce back once the pandemic fades,” External link

manilastandardtoday Sunday, May 3, 2020 4:20:00 PM EAT

Benjamin Diokno added : “The Philippines before the coronavirus disease 2019 (COVID-19) crisis was on the road to A-rating. We’re not saying that the Philippines has not suffered from this crisis, together with the rest of the world,” External link

tribuneonline Friday, May 1, 2020 10:36:00 PM EAT

Benjamin Diokno said : “The fourth quarter growth of 0.4 percent and the 6.8 percent acceleration in the first quarter 2021 is consistent with ECQ for some areas ending on 15 May 2020 and a huge chunk of the economy would be on GCQ (general community quarantine) starting 1 May,” “The full year year BSP forecast consistent with this scenario is a whopping 7.8 percent recovery (in 2021),” External link

tribuneonline Thursday, April 30, 2020 10:30:00 PM EAT

Benjamin Diokno told : “A recession is defined as two consecutive quarters of negative growth. So, since growth is expected to be negative in the second quarter and third quarter of 2020, the Philippines will be in technical recession,” External link

tribuneonline Monday, April 27, 2020 8:02:00 PM EAT

Benjamin Diokno said : “On the OFW (overseas Filipino workers) remittances, the BSP’s forecast before the pandemic was that the remittances would grow by 3 percent. After pandemic, BSP revised its forecast: OFW remittances would be lower by 0.2 to 0.8 relative to the original 3 percent forecast,” “Hence, BSP’s revised forecast is between 2.2 percent to 2.8 percent. To be on the conservative side, BSP forecasts that OFW remittances would increase by 2 percent over 2019 level of $33 billion,” External link

tribuneonline Monday, April 27, 2020 8:02:00 PM EAT

Benjamin Diokno said : "We are moving towards normalization, from ECQ to GCQ," External link

abs-cbnnews Monday, April 27, 2020 5:48:00 AM EAT

Benjamin Diokno said : “The Philippines was in a sound fiscal and monetary state when the pandemic hit the country,” “The budget deficit was modest. The revenue base has been expanded with a series of new tax laws and improved revenue administration” External link

gulf-times Sunday, April 26, 2020 1:18:00 AM EAT

Benjamin Diokno said : “The economy could slow down in the first quarter this year and contract in the second and third quarters, before gradually recovering in the fourth Inflation is expected to average at the low-end of the target range at 2% in 2020, down from the previous forecast of 2.2%, due to the continued collapse in global crude oil prices, the decline of non-oil prices and the effect of the virus. The average inflation forecast of 2.45% for 2021 is slightly higher than the previous prediction due to the projected strong recovery in domestic activity and higher liquidity growth Fiscal stimulus will counter the pandemic and an increase in the deficit-to-GDP ratio from 3.2% to 5.3% will drive the debt-to-GDP ratio from 40.5% in 2019 to 47%, which is modest by international standards,” External link

gulf-times Sunday, April 26, 2020 1:18:00 AM EAT

Benjamin Diokno said : “BSP has a lot of arsenal for the war against Covid-19 (coronavirus disease 2019)” “And, of course, this is just (a) 35-day tenor so might as well earn some interest while banks (are) still risk averse,” External link

pna Tuesday, April 21, 2020 5:34:00 PM EAT

Benjamin Diokno said : “Worst case is negative one percent, best case is zero percent,” External link

tribuneonline Tuesday, April 21, 2020 3:42:00 PM EAT

Benjamin Diokno said : “I think we should really take advantage of this crisis. There are really opportunities…we have to use this crisis as an opportunity to be stronger and more agile,” “I think this crisis has given us the opportunity to do electronic (banking) rather than the traditional one. We should accelerate digital payments,” External link

tribuneonline Tuesday, April 21, 2020 3:42:00 PM EAT

Benjamin Diokno told : "We promise to do everything to show that we are ready, we are resilient. We still have a lot of bullets in our arsenal to help the national government meet this calamity," External link

abs-cbnnews Sunday, April 19, 2020 8:01:00 AM EAT

Benjamin Diokno added : “The BSP will subsequently issue the detailed guidelines on this and other related measures,” External link

manilatimes Sunday, April 19, 2020 12:07:00 AM EAT

Benjamin Diokno said : “a deeper cut is warranted in response to the expected sharp economic slowdown; on the other hand, inflation is likely to end closer to the lower bound of the 2.0- to 4.0-percent target range” External link

manilatimes Saturday, April 18, 2020 3:02:00 AM EAT

Benjamin Diokno said : “The challenge is to cushion the impact of the economic slowdown on people, firms and the financial system,” External link

manilatimes Saturday, April 18, 2020 3:02:00 AM EAT

Benjamin Diokno said : “a deeper cut is warranted in response to the expected sharp economic slowdown; on the other hand, inflation is likely to end closer to the lower bound of the 2.0- to 4.0-percent target range” External link

manilatimes Friday, April 17, 2020 3:43:00 AM EAT

Benjamin Diokno said : “The challenge is to cushion the impact of the economic slowdown on people, firms and the financial system,” External link

manilatimes Friday, April 17, 2020 3:43:00 AM EAT

Benjamin Diokno said : “On the policy rate, BSP raised it by 175 basis points in 2018 in response to the above normal inflation rate at that time. While the BSP has cut the policy rate by 150 basis points since I assumed office last year, the Philippines is now faced a once-in-a-lifetime crisis,” “It is now clear that reverting to where we were in 2018–policy rate at 3 percent–is no longer an appropriate policy goal. A deeper cut is warranted in response to the expected sharp economic slowdown,” External link

tribuneonline Thursday, April 16, 2020 10:56:00 PM EAT

Benjamin Diokno told : "Pinagbabawal natin yan to increase the integrity of the system," External link

abs-cbnnews Wednesday, April 15, 2020 7:18:00 AM EAT

Benjamin Diokno said : “BSP will continue to be data dependent keeping in mind that monetary policy works with a lag,” External link

manilatimes Monday, April 13, 2020 11:20:00 PM EAT

Benjamin Diokno said : “a deeper cut is warranted in response to the expected sharp economic slowdown” External link

pna Monday, April 13, 2020 4:22:00 PM EAT

Benjamin Diokno said : “inflation is likely to end closer to the lower bound of the 2 to 4 percent target range” External link

pna Monday, April 13, 2020 4:37:00 AM EAT

Benjamin Diokno said : “It is now clear that reverting to where we were in 2018 — policy rate at 3 percent — is no longer an appropriate policy goal. A deeper cut is warranted in response to the expected sharp economic slowdown,” External link

tribuneonline Sunday, April 12, 2020 11:45:00 PM EAT

Benjamin Diokno said : “The Monetary Board has authorized me to cut the reserve requirement ratio by 400 basis points. I’ve cut it by 200 basis points recently. The additional 200-basis point cut is forthcoming based on available data, the needs of the economy and the utilization of the additional liquidity,” External link

tribuneonline Sunday, April 12, 2020 11:45:00 PM EAT

Benjamin Diokno said : “The monetary authorities’ job, in coordination with fiscal authorities, is to manage a ‘soft’ landing and ensure that economic takeoff begins quickly once the pandemic fades. The BSP will continue to be data dependent, keeping in mind that monetary policy works with a lag,” External link

tribuneonline Sunday, April 12, 2020 11:45:00 PM EAT

Benjamin Diokno said : "is no longer the appropriate policy goal," External link

abs-cbnnews Sunday, April 12, 2020 10:57:00 AM EAT

Benjamin Diokno said : "A deeper cut is warranted in response to the expected sharp economic slowdown," External link

abs-cbnnews Sunday, April 12, 2020 10:57:00 AM EAT

Benjamin Diokno said : “These new realities call for bolder but appropriate moves on the part of the BSP. The challenge is to cushion the impact of the economic slowdown on people, firms and the financial system,” “The monetary authorities job, in coordination with fiscal authorities, is to manage a ‘soft’ landing and ensure that economic takeoff begin quickly once the pandemic fades” External link

news-yahoo Sunday, April 12, 2020 9:56:00 AM EAT

Benjamin Diokno told : "It is now clear that reverting to where we were in 2018 - policy rate at 3.0% - is no longer an appropriate policy goal," External link

4-traders Sunday, April 12, 2020 7:45:00 AM EAT

Benjamin Diokno said : "The Philippines is now facing a once-in-a-lifetime crisis" "These new realities call for bolder but appropriate moves on the part of the BSP (central bank)" External link

4-traders Sunday, April 12, 2020 7:45:00 AM EAT

Benjamin Diokno said : "The monetary authority's job, in coordination with fiscal authorities, is to manage a 'soft' landing and ensure economic takeoff begins quickly once the pandemic fades," External link

4-traders Sunday, April 12, 2020 7:45:00 AM EAT

Benjamin Diokno told : "It is now clear that reverting to where we were in 2018 - policy rate at 3.0% - is no longer an appropriate policy goal," External link

4-traders Sunday, April 12, 2020 6:53:00 AM EAT

Benjamin Diokno added : “The reduction in the MLR and the arrangements set forth in this memorandum shall be effective until 31 December 2020, unless otherwise revoked by the BSP,” External link

manilatimes Friday, April 10, 2020 7:24:00 PM EAT

Benjamin Diokno added : “The reduction in the MLR and the arrangements set forth in this memorandum shall be effective until 31 December 2020, unless otherwise revoked by the BSP,” External link

manilatimes Thursday, April 9, 2020 5:01:00 PM EAT

Benjamin Diokno said : “is not ruling out the possibility of an off-cycle monetary policy response,” External link

gulf-times Tuesday, April 7, 2020 12:31:00 AM EAT

Benjamin Diokno said : “could help minimise volatility in market rates,” External link

gulf-times Tuesday, April 7, 2020 12:31:00 AM EAT

Benjamin Diokno said : "We will have a lot of room for cutting interest rates," "There's a real risk that there will be a technical recession (in the second and third quarter)," External link

abs-cbnnews Sunday, April 5, 2020 5:27:00 AM EAT

Benjamin Diokno said : “The BSP has and is ready to employ the necessary tools in its arsenal to address the impact of COVID-19 while staying true to its mandate,” External link

manilastandardtoday Thursday, March 26, 2020 4:16:00 PM EAT

Benjamin Diokno told : “The reduction is intended to calm financial markets and encourage banks to continue lending to both the retail and corporate sectors,” External link

manilatimes Thursday, March 26, 2020 2:38:00 AM EAT

Benjamin Diokno said : “In addition, the Monetary Board authorized the time-bound, temporary relaxation of BSP regulations on compliance reporting by banks, calculation of penalties on required reserves, and single borrower limits,” External link

manilastandardtoday Tuesday, March 24, 2020 6:15:00 PM EAT

Benjamin Diokno said : “The BSP will have to assess the impact of Covid-19 on the broader economy,” External link

pna Tuesday, March 24, 2020 12:49:00 PM EAT

Benjamin Diokno said : "promptly address any possible liquidity strain," External link

abs-cbnnews Tuesday, March 24, 2020 8:09:00 AM EAT

Benjamin Diokno said : “We view this as allowed in extraordinary times. And these are extraordinary times -- a once-in-a-lifetime crisis,” External link

JakartaPost Tuesday, March 24, 2020 6:15:00 AM EAT

Benjamin Diokno said : “We view this as allowed in extraordinary times. And these are extraordinary times -- a once-in-a-lifetime crisis,” External link

news-yahoo Monday, March 23, 2020 8:34:00 PM EAT

Benjamin Diokno said : “The rise in the debt stock during the fourth quarter was brought about by the increase in non-residents’ investments in Philippine debt papers issued offshore of $507 million,” External link

manilastandardtoday Sunday, March 22, 2020 7:29:00 PM EAT

Benjamin Diokno said : “key external debt indicators remained at prudent levels despite the rise in external debt” External link

manilastandardtoday Sunday, March 22, 2020 7:29:00 PM EAT

Benjamin Diokno said : “I think we have to address the fact that many people are not employed right now, or do not have sources of income because of the isolation. We need to address, we need to give them some cash grants for the next 2 to 3 months,” External link

abs-cbnnews Sunday, March 22, 2020 10:14:00 AM EAT

Benjamin Diokno told : "There’s enough cash. There’s also a risk if you hold a lot of cash. I would suggest that to the extent they can use, if they can transact business electronically then that’s better than holding cash," External link

abs-cbnnews Sunday, March 22, 2020 8:29:00 AM EAT

Benjamin Diokno added : "enable consumers to facilitate online banking transactions," External link

abs-cbnnews Sunday, March 22, 2020 8:29:00 AM EAT

Benjamin Diokno told : "The banking industry is sound and adequately capitalized. Even under extreme situations, the banking industry will be above the 10 percent requirement of the BSP," External link

abs-cbnnews Sunday, March 22, 2020 6:51:00 AM EAT

Benjamin Diokno said : “Given these considerations, the Monetary Board decided that there is a need for a follow on monetary policy response to address the adverse spillovers associated with the ongoing pandemic,” External link

manilatimes Friday, March 20, 2020 10:30:00 PM EAT

Benjamin Diokno said : “Given these considerations, the Monetary Board decided that there is a need for a follow-on monetary policy response to address the adverse spillovers associated with the ongoing pandemic. With a manageable inflation environment and stable inflation expectations, the Monetary Board sees enough policy space for an assertive reduction in the policy rate at this juncture to cushion the country’s growth momentum and uplift market confidence amid stronger headwinds,” External link

manilastandardtoday Friday, March 20, 2020 5:04:00 PM EAT

Benjamin Diokno said : "Hindi naman ganun kalaki ang impact nung POGO," External link

manilametro Friday, March 20, 2020 1:15:00 PM EAT

Benjamin Diokno said : “Given these considerations, the Monetary Board decided that there is a need for a follow-on monetary policy response to address the adverse spillovers associated with the ongoing pandemic,” External link

manilatimes Thursday, March 19, 2020 10:27:00 PM EAT

Benjamin Diokno said : “In addition, the Monetary Board authorized the time-bound, temporary relaxation of BSP regulations on compliance reporting by banks, calculation of penalties on required reserves, and single borrower limits,” External link

manilastandardtoday Thursday, March 19, 2020 5:35:00 PM EAT

Benjamin Diokno said : “Latest baseline forecasts indicate a lower path of inflation for 2020 and 2021, with inflation expectations remaining firmly anchored within the target range [2 percent to 4 percent] over the policy horizon. Average inflation is seen to settle at 2.2 percent in 2020 and 2.4 percent in 2021,” External link

manilastandardtoday Thursday, March 19, 2020 5:35:00 PM EAT

Benjamin Diokno said : “Given these considerations, the Monetary Board decided that there is a need for a follow-on monetary policy response to address the adverse spillovers associated with the ongoing pandemic. With a manageable inflation environment and stable inflation expectations, the Monetary Board sees enough policy space for an assertive reduction in the policy rate at this juncture to cushion the country’s growth momentum and uplift market confidence amid stronger headwinds,” External link

manilastandardtoday Thursday, March 19, 2020 5:35:00 PM EAT

Benjamin Diokno said : “The BSP is prepared to use its full range of monetary instruments and to deploy regulatory relief measures as needed in fulfillment of its price and financial stability mandates,” External link

manilastandardtoday Thursday, March 19, 2020 5:35:00 PM EAT

Benjamin Diokno added : “It will not only benefit oneself, one’s family, but it will also benefit the whole community and society,” “Moral of the story: let’s cooperate, let’s hope the community isolation works. If you have no business going out of your home, stay home” External link

pna Wednesday, March 18, 2020 10:53:00 AM EAT

Benjamin Diokno said : “not really part of the supply chain. We’re not an export-oriented country. Tourism is not a big part of our GDP,” “So we’re one of the least affected of this coronavirus concern” External link

news-yahoo Tuesday, March 17, 2020 10:02:00 PM EAT

Benjamin Diokno said : “not really part of the supply chain. We’re not an exported-oriented country. Tourism is not a big part of our GDP,” “So we’re one of the least affected of this coronavirus concern” External link

news-yahoo Tuesday, March 17, 2020 11:32:00 AM EAT

Benjamin Diokno said : “The truth is that the economic fundamentals are on our side. Even under the worst possible scenario, the Philippines can still grow this year and in the medium term by about 6 percent,” External link

manilatimes Monday, March 16, 2020 9:49:00 PM EAT

Benjamin Diokno said : “The Monetary Board is ready to deploy any or all its policy tools, as appropriate, to address all challenges to our own financial markets and growth prospects,” External link

manilastandardtoday Monday, March 16, 2020 4:37:00 PM EAT

Benjamin Diokno said : "well capitalized and stable and can absorb some of this relief in the meantime," External link

abs-cbnnews Monday, March 16, 2020 4:07:00 AM EAT

Benjamin Diokno said : "Depending on the action the banks, they can actually provide moratorium from the payments and ask for relief from the BSP" External link

abs-cbnnews Monday, March 16, 2020 4:07:00 AM EAT

Benjamin Diokno said : “Even under the worst possible scenario, the Philippines can still grow this year and in the medium term by about six percent,” External link

iran-daily Saturday, March 14, 2020 11:12:00 AM EAT

Benjamin Diokno told : "I will decide on Monday. I'll get tested today (Friday)," External link

abs-cbnnews Friday, March 13, 2020 9:18:00 AM EAT

Benjamin Diokno said : "If the community quarantine works, the negative impact will be minimal, if it fails, the negative impact will be huge," External link

abs-cbnnews Friday, March 13, 2020 9:18:00 AM EAT

Benjamin Diokno told : “I was in the NLEX inspection ceremony with Secretaries Dominguez and Tugade last ThursdayThought it’s best to go on self-quarantine to be on the safe side,” External link

abs-cbnnews Thursday, March 12, 2020 2:33:00 PM EAT

Benjamin Diokno told : “I was in the NLEX inspection ceremony with Secretaries Dominguez and Tugade last ThursdayThought it’s best to go on self-quarantine to be on the safe side,” External link

abs-cbnnews Thursday, March 12, 2020 5:16:00 AM EAT

Benjamin Diokno said : “I would attribute the (lower) FDI for 2019 to two factors: first, the uncertainty owing to the failure to pass the CITIRA legislation and second, the general slowdown in the global economy due to the US-China trade conflict and the increasing protectionism of major economies,” External link

tribuneonline Tuesday, March 10, 2020 11:11:00 PM EAT

Benjamin Diokno said : “The fear that Philippine banks will experience bad loans and slower credit growth on account of Covid-19 outbreak is unfounded” External link

manilatimes Monday, March 9, 2020 11:27:00 PM EAT

Benjamin Diokno said : “But in recognition of potentially crippling impact of certain events like Covid-19, African swine flu, and other unforeseen calamities, BSP has made available a grant of regulatory relief to some concerned banks and quasi-banks. Temporary regulatory relief measures include, among others, staggered booking of allowance for credit losses, non-imposition of penalties on legal reserve deficiencies, and non-recognition of certain defaulted accounts as past due,” External link

manilatimes Monday, March 9, 2020 11:27:00 PM EAT

Benjamin Diokno said : “Of course there is a window (for its passage).The window might be tight but there is another window which is one month before May to June…Hopefully, such amendments will be passed and reported by the time President Duterte delivers his SoNA (state of the nation address) in July,” External link

tribuneonline Saturday, March 7, 2020 10:34:00 PM EAT

Benjamin Diokno said : “The latest inflation outturn is consistent with the BSP’s prevailing assessment that inflation is expected to steadily approach the midpoint of the target range in 2020 and 2021,” External link

tribuneonline Thursday, March 5, 2020 10:42:00 PM EAT

Benjamin Diokno said : “We’re comfortable with 6 percent,” External link

tribuneonline Sunday, March 1, 2020 11:01:00 PM EAT

Benjamin Diokno said : “There are many things that we should do while the whole world is in a mess. We do out home work so that when all of these settle down, we’ll be in a stronger position again,” External link

tribuneonline Sunday, March 1, 2020 11:01:00 PM EAT

Benjamin Diokno said : “the Monetary Board concluded that the manageable inflation environment allowed room for a preemptive reduction in the policy rate to support market confidence,” External link

manilatimes Saturday, February 29, 2020 2:21:00 PM EAT

Benjamin Diokno said : "The main consideration is that while COVID-19 is less deadly than SARS, it's going to result in more deaths because it has grown so fast," External link

abs-cbnnews Thursday, February 27, 2020 5:29:00 PM EAT

Benjamin Diokno said : "So we really have to revisit the implications," External link

abs-cbnnews Thursday, February 27, 2020 5:29:00 PM EAT

Benjamin Diokno said : "Most of the things that we want to do are not heavily affected by the COVID-19 [outbreak], like Build, Build Build," External link

abs-cbnnews Thursday, February 27, 2020 5:29:00 PM EAT

Benjamin Diokno said : “As you know, I committed to 50 basis points this year. We are down by 25 basis points, so we still have 25 basis points. We have a lot of monetary space and fiscal space, so if things deteriorate much beyond what we have originally forecasted, we might consider additional cuts in reserve requirement or in the interest rate or policy rate,” External link

manilastandardtoday Thursday, February 27, 2020 4:54:00 PM EAT

Benjamin Diokno said : “But when that will happen, of course that will depend on our assessment of the situation and the conditions,” External link

manilastandardtoday Thursday, February 27, 2020 4:54:00 PM EAT

Benjamin Diokno said : “The country has low participation in the global trade and in global value chain in comparison to other Asean countries,” “Amid uncertain external environment, it is imperative for the government to sustain the reforms that form the backbone of long-term sustainable development,” External link

manilastandardtoday Thursday, February 27, 2020 4:54:00 PM EAT

Benjamin Diokno said : “The urgent passage of structural reforms is critical to the strategy of achieving an A-level credit rating within the next two years as this enhances the country’s institutional strength to manage the economy, which is a key indicator looked into by credit rating agencies,” External link

abs-cbnnews Wednesday, February 12, 2020 9:22:00 AM EAT

Benjamin Diokno said : “I believe the IMF’s assessment of the domestic economy reflects multi-sectoral efforts to foster inclusive economic growth,” “In line with this, the BSP will continue promoting price stability, financial stability, and an efficient payment and settlement system while pursuing legislative initiatives that will enhance our capacity to pursue our mandate,” External link

tribuneonline Monday, February 10, 2020 11:12:00 PM EAT

Benjamin Diokno said : “The impact could be something like 0.3 percent,” External link

manilastandardtoday Monday, February 10, 2020 4:15:00 PM EAT

Benjamin Diokno said : “Well, we looked at it… We made assumptions for the first quarter (impact)… it could be solved (in) two quarters… this virus is less deadly than the previous ones,” External link

tribuneonline Saturday, February 8, 2020 12:35:00 AM EAT

Benjamin Diokno said : “the Monetary Board concluded that the manageable inflation environment allowed room for a preemptive reduction in the policy rate to support market confidence,” External link

manilatimes Friday, February 7, 2020 1:23:00 AM EAT

Benjamin Diokno told : “Preliminary BSP estimates show a 0.3 ppt (percentage point) reduction in 2020 GDP . . .,” External link

manilatimes Thursday, February 6, 2020 9:30:00 PM EAT

Benjamin Diokno said : “We’re still looking at 50, so that we still have more space in the event of further deterioration in the economy,” External link

news-yahoo Thursday, February 6, 2020 7:13:00 AM EAT

Benjamin Diokno said : “We’re really for a flexible exchange rate,” External link

news-yahoo Thursday, February 6, 2020 7:13:00 AM EAT

Benjamin Diokno said : “The January 2020 inflation of 2.9 percent was within the BSP’s forecast range of 2.5 to 3.3 percent. This is consistent with the BSP’s prevailing assessment that inflation is expected to gradually approach the midpoint of the target range in 2020 and 2021,” External link

tribuneonline Wednesday, February 5, 2020 10:13:00 PM EAT

Benjamin Diokno said : “Right now, we are cash heavy. By (2023, we’ll be) cash-lite,” External link

tribuneonline Tuesday, February 4, 2020 12:50:00 PM EAT

Benjamin Diokno said : “So in this regard, the BSP will continue to monitor this development as we prepare our forecast for our review of the monetary policy stance,” External link

pna Thursday, January 30, 2020 3:32:00 PM EAT

Benjamin Diokno told : "We're doing great. We're in a very nice place right now. We'll go slow in our monetary easing," External link

abs-cbnnews Monday, January 27, 2020 6:03:00 AM EAT

Benjamin Diokno told : "That's going to go through the legal process. It will not happen overnight like a takeover by government. That will not happen. There will be a process," External link

abs-cbnnews Monday, January 27, 2020 6:03:00 AM EAT

Benjamin Diokno added : “I promise, first quarter of this year maybe 25 basis points and we’ll continue to look at other numbers,” External link

pna Tuesday, January 7, 2020 3:51:00 PM EAT

Benjamin Diokno said : "Maybe, we'll announce when and how much, will depend on the data" External link

abs-cbnnews Friday, December 20, 2019 9:37:00 PM EAT

Benjamin Diokno said : "That's appropriate to see how the adjustments are being digested by the markets" "This is the appropriate course for the markets. This is also being done by other countries," External link

abs-cbnnews Friday, December 20, 2019 9:37:00 PM EAT

Benjamin Diokno said : "I don't think it will have any large impact on the financial system, we just want to make sure we get a handle of what is going on," External link

abs-cbnnews Friday, December 20, 2019 9:37:00 PM EAT

Benjamin Diokno said : "These are small transactions, I understand," External link

abs-cbnnews Friday, December 20, 2019 9:37:00 PM EAT

Benjamin Diokno said : "Notwithstanding the weak global growth outlook prospects for the Philippine economy continue to be robust on the back of firm domestic demand, sustained policy support from increased fiscal spending as well as improved domestic liquidity conditions owing to recent monetary adjustments," External link

abs-cbnnews Thursday, December 12, 2019 12:27:00 PM EAT

Benjamin Diokno told : "Sustained policy support from increased fiscal spending, as well as improved domestic liquidity conditions owing to recent monetary adjustments, is also expected to support growth in the coming months," External link

4-traders Thursday, December 12, 2019 11:59:00 AM EAT

Benjamin Diokno added : “BSP’s Monetary Board will consider new data and potential risks at its meeting next week on 12 December 2019,” External link

pna Thursday, December 5, 2019 6:26:00 AM EAT

Benjamin Diokno said : “We'll look at December and then maybe early January, we'll resume monetary easing,” External link

pna Tuesday, December 3, 2019 3:09:00 PM EAT

Benjamin Diokno said : "The goal of financial inclusion is to ensure that all Filipinos are able to use financial services that are appropriate to their needs and capacities," External link

abs-cbnnews Thursday, November 28, 2019 5:38:00 AM EAT

Benjamin Diokno said : “Our efforts to promote digital payments are meant to facilitate delivery of financial services, including credit that are designed around the needs and preference of small value transactors,” “The convenience, affordability and flexibility of these digital products will hopefully make informal lenders charging exorbitant fees less attractive,” External link

abs-cbnnews Tuesday, November 26, 2019 5:01:00 PM EAT

Benjamin Diokno told : “Hindi naman makakaapekto kasi marami nang imports na darating pa lang eh, tapos concern nga is harvest season, baka lalong bumaba yung presyo,” External link

abs-cbnnews Wednesday, November 20, 2019 3:20:00 PM EAT

Benjamin Diokno said : “The digital life is upon us, and we can harness this to make sure internet access and mobile phone ownership do not only lead to better social connections and convenient shopping but also and more importantly, to greater ability for all Filipinos to use welfare-enhancing financial services,” External link

pna Monday, November 18, 2019 3:04:00 PM EAT

Benjamin Diokno said : “The 6 percent full year GDP (gross domestic product) growth target is a tall order, after a slower than expected first half, but still doable,” External link

manilatimes Thursday, November 7, 2019 7:49:00 PM EAT

Benjamin Diokno said : "There will be no policy cuts this year and no more relaxation of the reserve requirement," External link

abs-cbnnews Monday, November 4, 2019 7:26:00 AM EAT

Benjamin Diokno said : “Headline inflation declined further to 1.7 percent (year-on-year) in the third quarter 2019 from 3 percent in the previous quarter, bringing year-to-date inflation at 2.8 percent, well within the national government’s target range,” External link

tribuneonline Friday, October 25, 2019 11:35:00 PM EAT

Benjamin Diokno said : “Nevertheless, we expect growth to remain robust in the coming months,” External link

inquirer Friday, October 25, 2019 1:42:00 PM EAT

Benjamin Diokno said : "There's an overall positive outlook for the domestic economy," External link

abs-cbnnews Friday, October 25, 2019 7:29:00 AM EAT

Benjamin Diokno said : “That could be one of the factors we have to monitor. But at the moment, hindi naman siya upside risk, kasi it [water rate hike] has to be approved by authorities ‘di ba?” External link

abs-cbnnews Wednesday, October 23, 2019 5:06:00 PM EAT

Benjamin Diokno said : “In sum, the country has been making considerable progress toward achieving its macroeconomic goals. Looking ahead, prospects for the domestic economy continue to remain favorable as domestic growth fundamentals are expected to remain intact,” External link

manilatimes Friday, October 18, 2019 9:51:00 PM EAT

Benjamin Diokno said : “despite favorable developments due to technology, many challenges persist,” External link

manilatimes Friday, October 11, 2019 8:49:00 PM EAT

Benjamin Diokno said : “As such, it is necessary to bring the unserved and underserved into the national economy,” External link

manilatimes Friday, October 11, 2019 8:49:00 PM EAT

Benjamin Diokno said : “The pursuit of financial inclusion requires an openness to all possible transformative solutions and impactful innovations, such as digital technology, new business models and cross-sector collaboration,” External link

manilatimes Friday, October 11, 2019 8:49:00 PM EAT

Benjamin Diokno said : “Investors want to know exactly what will be the final version of that bill. So the sooner we act on that, then the sooner the investors can make up their mind [on] whether to enter or exit,” External link

manilatimes Friday, October 11, 2019 8:49:00 PM EAT

Benjamin Diokno noted : “That would be very helpful for most of our en banc because as you know, farmers don't usually have passport or driver's license, so now in this, PhilID is all you need to open an account,” External link

pna Friday, October 11, 2019 9:38:00 AM EAT

Benjamin Diokno said : “Many Filipinos still do not own bank accounts, and so are unable to access loans and other financial services from formal channels,” External link

manilatimes Thursday, October 10, 2019 9:47:00 PM EAT

Benjamin Diokno said : “As of end-2018, there were 48 banks that have already made their financial services accessible through the internet, and 26 banks that have made their services accessible through mobile phones,” External link

manilatimes Thursday, October 10, 2019 9:47:00 PM EAT

Benjamin Diokno added : “Moving forward, the BSP is committed to playing an even more active role in maintaining economic stability and in helping achieve the economy’s long-term development goals, among which is to reach high-income status by 2040,” External link

pna Thursday, October 10, 2019 4:36:00 PM EAT

Benjamin Diokno said : “Should inflation outlook continue to improve, we will continue to cut the RRR,” External link

tribuneonline Tuesday, October 8, 2019 11:22:00 PM EAT

Benjamin Diokno said : “Single digit is nine, you say. You can extrapolate, two and a half years from January 2020,” External link

tribuneonline Tuesday, October 8, 2019 11:22:00 PM EAT

Benjamin Diokno told : “Single digit is nine, you say. You can extrapolate, two and a half years from January 2020,” External link

tribuneonline Tuesday, October 8, 2019 11:22:00 PM EAT

Benjamin Diokno said : "We are keen on hitting the minimum rating within the A territory over the next two years or so," External link

pna Tuesday, September 24, 2019 6:32:00 PM EAT

Benjamin Diokno said : “It’s really inflation that makes a difference in our decision next week,” External link

news-yahoo Friday, September 20, 2019 12:56:00 PM EAT

Benjamin Diokno said : “This is part of the new central bank: We want to be transparent and we want to notify the industry of what we’re doing, ahead of time,” External link

news-yahoo Friday, September 20, 2019 12:56:00 PM EAT

Benjamin Diokno said : “It’s really inflation that makes a difference in our decision next week,” External link

news-yahoo Friday, September 20, 2019 8:39:00 AM EAT

Benjamin Diokno said : “This is part of the new central bank: We want to be transparent and we want to notify the industry of what we’re doing, ahead of time,” External link

news-yahoo Friday, September 20, 2019 8:39:00 AM EAT

Benjamin Diokno said : “the only way we can cope with such a challenge is to provide digital payment services” External link

pna Wednesday, September 18, 2019 5:24:00 PM EAT

Benjamin Diokno says : “For every 1 percentage point or 100 basis points cut, you release something like P90 billion of P100 billion, or approximately $2 billion, so that will ease up on credit and help to spur economic growth in the country and maybe reach the poorest of the poor,” External link

euromoney Wednesday, September 18, 2019 2:30:00 PM EAT

Benjamin Diokno tells ( about Cory Aquino ) : “He (the president) said he knew me when I was under-secretary under president Cory Aquino 30 years ago. I don’t really know him,” External link

euromoney Wednesday, September 18, 2019 2:30:00 PM EAT

Benjamin Diokno told : "As long as the oil price spike is transitory and less than $85 per barrel, then it should be of secondary importance. The most important piece of information for policy decision is the forecasted inflation rate in September," External link

abs-cbnnews Wednesday, September 18, 2019 10:58:00 AM EAT

Benjamin Diokno said : “The combined remittances from these countries accounted for 78.1 percent of total cash remittances from January to July 2019,” External link

manilatimes Monday, September 16, 2019 9:18:00 PM EAT

Benjamin Diokno says : “At 57, Metrobank is one of the biggest and best managed banks in the country. This is highlighted by Metrobank’s strong balance sheet, adherence to global banking standards, and an emphasis on corporate social responsibility” External link

manilatimes Sunday, September 15, 2019 9:57:00 PM EAT

Benjamin Diokno said : “This upward impact on the debt stock was partially offset by the transfer of Philippine debt papers from non-residents to residents ($746 million),” External link

manilatimes Sunday, September 15, 2019 9:57:00 PM EAT

Benjamin Diokno explained : “The same trend was observed using GDP (gross domestic product). The ratio indicates the country’s sustained strong position to service foreign borrowings in the medium to long-term,” External link

manilatimes Sunday, September 15, 2019 9:57:00 PM EAT

Benjamin Diokno pointed out : “The DSR has consistently remained at single digit levels,” External link

manilatimes Sunday, September 15, 2019 9:57:00 PM EAT

Benjamin Diokno said : "It will be bid out for some private sector developers. That’s part of it, there is no point in having two mints plants, two printing complex," External link

abs-cbnnews Friday, September 13, 2019 5:16:00 AM EAT

Benjamin Diokno said : "The month-on-month increase in the GIR level reflects the national government's net foreign currency deposits and BSP's income from its investments abroad," External link

xinhuanet_en Friday, September 6, 2019 3:10:00 PM EAT

Benjamin Diokno added : “With a well-defined regulatory framework now in place, the BSP looks forward to seeing greater participation in Islamic financing by both domestic and foreign banks,” External link

manilatimes Friday, August 30, 2019 9:07:00 PM EAT

Benjamin Diokno said : “This is expected to widen opportunities for Muslim Filipinos, including those from the Bangsamoro Region, in accessing banking products and services. This is a great stride in our financial inclusion mandates,” External link

abs-cbnnews Friday, August 30, 2019 7:26:00 AM EAT

Benjamin Diokno said : "With a well-defined regulatory framework now in place, the BSP looks forward to seeing greater participation in Islamic financing by both domestic and foreign banks," "This is a great stride in our financial inclusion mandate," External link

abs-cbnnews Friday, August 30, 2019 7:26:00 AM EAT

Benjamin Diokno told : “I am also chairman of the Anti-Money Laundering Council so our AMLC team plus our financial stability team (will study) the impact of discontinuing the POGO in the Philippines,” External link

tribuneonline Wednesday, August 28, 2019 7:13:00 PM EAT

Benjamin Diokno told : “We are studying the possibility of putting some sense into online gambling,” External link

tribuneonline Wednesday, August 28, 2019 7:13:00 PM EAT

Benjamin Diokno said : “That’s what we are looking at the POGO issue. My (focus) is financial stability issue,” External link

tribuneonline Wednesday, August 28, 2019 7:13:00 PM EAT

Benjamin Diokno said : “We can actually require any individual or firm for information that is related to financial stability. That’s based on the new charter of the BSP. We can subpoena individuals and companies to give us information on things that we think has something to do with financial stability,” External link

tribuneonline Wednesday, August 28, 2019 7:13:00 PM EAT

Benjamin Diokno said : “My primary concern is real estate risk as well as implications on (other industries). It’s a study for the guidance of the Monetary Board and the AMLC,” External link

tribuneonline Wednesday, August 28, 2019 7:13:00 PM EAT

Benjamin Diokno said : “The BSP has volunteered to print the ID so as not to delay the printing because if you bid this out, the losing bidders will challenge the winning bidders, it will go all the way to court, it could take years so we volunteered, we will print it, it’s a government to government contract,” External link

manilatimes Wednesday, August 28, 2019 6:15:00 AM EAT

Benjamin Diokno told : “I am also chairman of the Anti-Money Laundering Council so our AMLC team plus our financial stability team (will study) the impact of discontinuing the POGO in the Philippines,” External link

tribuneonline Tuesday, August 27, 2019 11:51:00 PM EAT

Benjamin Diokno told : “We are studying the possibility of putting some sense into online gambling,” External link

tribuneonline Tuesday, August 27, 2019 11:51:00 PM EAT

Benjamin Diokno said : “That’s what we are looking at the POGO issue. My (focus) is financial stability issue,” External link

tribuneonline Tuesday, August 27, 2019 11:51:00 PM EAT

Benjamin Diokno said : “We can actually require any individual or firm for information that is related to financial stability. That’s based on the new charter of the BSP. We can subpoena individuals and companies to give us information on things that we think has something to do with financial stability,” External link

tribuneonline Tuesday, August 27, 2019 11:51:00 PM EAT

Benjamin Diokno said : “My primary concern is real estate risk as well as implications on (other industries). It’s a study for the guidance of the Monetary Board and the AMLC,” External link

tribuneonline Tuesday, August 27, 2019 11:51:00 PM EAT

Benjamin Diokno asked : “It’s true that they occupy a big chunk of real estate in the country. What if, all of a sudden, they decide to back out? What [would] be the impact of that [on the] property sector?” External link

manilatimes Tuesday, August 27, 2019 9:17:00 PM EAT

Benjamin Diokno said : “One of the mandates of the BSP is financial stability, so we look at all the industries [and] conglemerates and see whether they pose financial risks. That’s what we are looking at the POGO issue,” External link

manilatimes Tuesday, August 27, 2019 9:17:00 PM EAT

Benjamin Diokno said : “Once we get that [bill] approved, I’m sure foreign investment will come in here. They will figure out the profitability. Incentives don’t matter. Incentives come and go,” External link

manilatimes Tuesday, August 27, 2019 9:17:00 PM EAT

Benjamin Diokno said : “Foreign investors are always [on wait-and-see mode]. This is an election year. Another is because of the Trabaho bill. They are waiting for the final version of that bill,” External link

manilatimes Tuesday, August 27, 2019 9:17:00 PM EAT

Benjamin Diokno told : “We will cut another 25 bps before the end of the year and then we will review, as we remain data-dependent,” External link

manilatimes Tuesday, August 27, 2019 9:17:00 PM EAT

Benjamin Diokno added : “In fact, some central banks have surprised the markets by reducing their rates by more than what was expected,” External link

manilatimes Tuesday, August 27, 2019 9:17:00 PM EAT

Benjamin Diokno told : "What if all of a sudden they decide to pack up and leave? What will be the impact of that on the property sector, also the food industry, the restaurants? This is part of my job as BSP governor," External link

news-yahoo Tuesday, August 27, 2019 1:09:00 PM EAT

Benjamin Diokno explained : “This was attributed to the 5.4-percent y-o-y (year-on-year) drop in cash remittances from land-based workers, which was mitigated by the 6.3-percent increase y-o-y in transfers from sea-based workers,” External link

manilatimes Thursday, August 15, 2019 9:03:00 PM EAT

Benjamin Diokno said : “The combined remittances from these countries accounted for 78 percent of total cash remittances from January to June 2019,” External link

manilatimes Thursday, August 15, 2019 9:03:00 PM EAT

Benjamin Diokno said : "We commend the AFP leadership for committing to enhance the holistic well-being of our peacemakers with the inclusion of financial health in the personal scorecards or charters of AFP personnel alongside professional development and physical wellness," External link

pna Wednesday, August 14, 2019 5:40:00 AM EAT

Benjamin Diokno told : “The Monetary Board’s decision [to cut rates] is based on its assessment that price pressures have continued to ease since the previous meeting,” External link

manilatimes Thursday, August 8, 2019 8:40:00 PM EAT

Benjamin Diokno said : “On balance, therefore, the Monetary Board believes that the benign inflation outlook provides room for a further reduction in the policy rate as a preemptive move against the risks associated with weakening global growth,” External link

manilatimes Thursday, August 8, 2019 8:40:00 PM EAT

Benjamin Diokno said : “Going forward, the BSP will continue to monitor price and output conditions to ensure that monetary policy remains appropriately supportive of sustained non-inflationary economic growth over the medium term,” External link

manilatimes Thursday, August 8, 2019 8:40:00 PM EAT

Benjamin Diokno told : “Until the end of the year, it’s around 50 basis points,” External link

gulf-times Wednesday, August 7, 2019 12:35:00 AM EAT

Benjamin Diokno said : “Until the end of the year, it’s around 50 basis points,” External link

news-yahoo Monday, August 5, 2019 12:47:00 PM EAT

Benjamin Diokno added : “We project a steady recovery in household spending as commodity prices continue to stabilize,” External link

manilatimes Thursday, July 25, 2019 7:03:00 AM EAT

Benjamin Diokno added : “Moreover, strong macroeconomic fundamentals, the sound banking system and firm economic growth prospects continue to support the domestic financial market,” External link

manilatimes Friday, July 19, 2019 9:08:00 PM EAT

Benjamin Diokno said : “Furthermore, the Philippine banking system remains healthy, as asset quality indicators continue to be positive and capital adequacy ratios remain comfortably above the BSP’s regulatory threshold and international standards,” External link

manilatimes Friday, July 19, 2019 9:08:00 PM EAT

Benjamin Diokno told ( about Fed Chairman ) : “As it is, there are two options on the part of the Fed — [a] 25-basis-point (bps) cut or a 50-bps cut. Except the probability is low for [the] 50-bps (reduction), but definitely it will cut,” External link

manilatimes Monday, July 15, 2019 4:21:00 AM EAT

Benjamin Diokno told : “Alam mo ‘yung (Have you looked at) foreign direct investments? I’ve looked at the data globally, it’s been declining. ’Yung sa atin (Here, it’s) increasing? That shows confidence. With the recent developments, baka tumaas pa (it might go up),” External link

manilatimes Wednesday, July 10, 2019 8:30:00 PM EAT

Benjamin Diokno said : “That’s unusual on his third year. [Isn’t that] fantastic? We’re doing great,” External link

manilatimes Wednesday, July 10, 2019 8:30:00 PM EAT

Benjamin Diokno said : “Palagay ko mauuna ‘yung interest rate cut bago [ang] reserve requirement (I think the interest rate cut will come first before the reserve requirement is eased),” External link

manilatimes Wednesday, July 10, 2019 8:30:00 PM EAT

Benjamin Diokno said : “Latest baseline forecasts indicate that inflation remains likely to settle within the target range of 3 percent ± 1 percentage point for both 2019 and 2020, while inflation expectations have moderated further,” External link

manilatimes Wednesday, July 10, 2019 8:30:00 PM EAT

Benjamin Diokno said : “For example, I think the Monetary Board is unanimous that we have to do something about the agri-agra reform. Those are the things we are looking into,” External link

manilatimes Tuesday, July 9, 2019 3:32:00 AM EAT

Benjamin Diokno said : “The BSP will keep close watch over latest economic developments to ensure that the monetary policy stance remains consistent with the BSP’s price stability objective while being supportive of economic growth,” External link

manilastandardtoday Friday, July 5, 2019 4:28:00 PM EAT

Benjamin Diokno said : “The end-June 2019 level of GIR serves as an ample external liquidity buffer and is equivalent to 7.4 months’ worth of imports of goods and payments of services and primary income. It is also equivalent to 5.1 times the country’s short-term external debt based on original maturity and 3.7 times based on residual maturity,” External link

manilastandardtoday Friday, July 5, 2019 3:37:00 PM EAT

Benjamin Diokno added : “The BSP will keep close watch over latest economic developments to ensure that the monetary policy stance remains consistent with the BSP’s price stability objective while being supportive of economic growth,” External link

pna Friday, July 5, 2019 12:41:00 PM EAT

Benjamin Diokno said : “Maybe we want to make it a precondition for these peoplewhoever they are, whoever will be the speaker or the Senate President, that they will support such measure,” External link

manilastandardtoday Thursday, July 4, 2019 11:43:00 PM EAT

Benjamin Diokno said : "It's an anti-corruption and anti-terrorism measure. It opens up more money for productive use," External link

abs-cbnnews Thursday, July 4, 2019 8:48:00 AM EAT

Benjamin Diokno told : "Not at this time. To me, I've seen many administrations, the best time to change the Charter is during the first half of your term, not during the second half. This is now implementation time," External link

abs-cbnnews Thursday, July 4, 2019 8:48:00 AM EAT

Benjamin Diokno added : “We’re just preparing the guidelines. It will be quick,” External link

manilatimes Wednesday, July 3, 2019 8:42:00 PM EAT

Benjamin Diokno said : “If you just look at the base effects, [the] third quarter (inflation rate) can really be around 2 percent or even lower,” External link

manilatimes Wednesday, July 3, 2019 8:42:00 PM EAT

Benjamin Diokno said ( about Bangko Sentral ) : “Rest assured that the Bangko Sentral will continue pursuing its mandate with the Filipino people always in mind,” External link

manilatimes Wednesday, July 3, 2019 8:42:00 PM EAT

Benjamin Diokno said : “A prudent pause allows the BSP to observe and assess the impact of prior monetary adjustments including the phased reduction in the reserve requirements to be completed by the end of July,” External link

manilastandardtoday Friday, June 28, 2019 5:45:00 PM EAT

Benjamin Diokno said : “the Monetary Board believes that the manageable inflation outlook and firm domestic growth prospects support keeping monetary policy settings steady for the time being” “Latest baseline forecasts indicate that inflation remains likely to settle within the target range of 3.0 percent ± 1.0 percentage point for both 2019 and 2020, while inflation expectations have moderated further,” External link

manilatimes Thursday, June 20, 2019 8:17:00 PM EAT

Benjamin Diokno said : “the BSP will continue to monitor emerging price and output conditions to ensure that monetary policy remains in line with the BSP’s price stability objective while being supportive of economic growth” External link

manilatimes Thursday, June 20, 2019 8:17:00 PM EAT

Benjamin Diokno said : “Latest baseline forecasts indicate that inflation remains likely to settle within the target range of 2 to 4 percent both for 2029 and 2020, while inflation expectations have further moderated,” External link

manilastandardtoday Thursday, June 20, 2019 6:55:00 PM EAT

Benjamin Diokno said : “A prudent pause allows the BSP to observe and assess the impact of prior monetary adjustments including the phased reduction in the reserve requirements to be completed by the end of July,” External link

manilastandardtoday Thursday, June 20, 2019 6:55:00 PM EAT

Benjamin Diokno said : "On balance, therefore, the Monetary Board believes that the manageable inflation outlook and firm domestic growth prospects support keeping monetary policy settings steady for the time being," External link

xinhuanet_en Thursday, June 20, 2019 3:44:00 PM EAT

Benjamin Diokno added : "A prudent pause allows the BSP to observe and assess the impact of prior monetary adjustments including the phased reduction in the reserve requirements to be completed by the end of July," External link

xinhuanet_en Thursday, June 20, 2019 3:44:00 PM EAT

Benjamin Diokno explained : “This growth was supported by remittances from both land-based ($1.8 billion) and sea-based ($0.6 billion) workers, which rose by 2.2 percent and 10.6 percent, respectively,” External link

manilatimes Monday, June 17, 2019 11:35:00 PM EAT

Benjamin Diokno said : "It is also equivalent to 5.1 times the country's short-term external debt based on original maturity and 3.6 times based on residual maturity," External link

xinhuanet_en Friday, June 7, 2019 3:07:00 PM EAT

Benjamin Diokno said : "Keeping our house in order remains the first and best line of defense," External link

abs-cbnnews Friday, June 7, 2019 10:32:00 AM EAT

Benjamin Diokno said : “Looking ahead, we expect inflation to be in the neighborhood of 2 percent in the third quarter of 2019. With world oil prices easing, we expect the annual inflation rate to be in the vicinity of 3.0 percent in 2019 and 2020,” External link

manilatimes Wednesday, June 5, 2019 9:22:00 PM EAT

Benjamin Diokno said : “If the rest of the world goes cutting or easing, we’ll be accelerating the process of monetary easing,” External link

news-yahoo Friday, May 31, 2019 12:02:00 PM EAT



Key Titles and Phrases Count Lang Last Seen
secretary95.26%EN11/22/201722/11/2017
justice secretary0.14%EN05/15/201715/05/2017
energy secretary0.14%EN05/14/201714/05/2017
defense secretary0.14%EN01/31/201731/01/2017
finance secretary0.68%EN01/06/201706/01/2017
public works secretary0.14%EN12/20/201620/12/2016
communications secretary0.14%EN11/22/201622/11/2016
minister1.22%EN10/21/201621/10/2016
trade secretary0.41%EN10/19/201619/10/2016
philippine drug enforcement agency director general0.14%EN10/15/201615/10/2016
economist0.27%EN08/25/201625/08/2016
successor0.14%EN06/12/201612/06/2016
economics professor1.22%EN01/29/201529/01/2015
Names Lang Count
Benjamin DioknoEN99.25%
Benjamin DioknoSA0.25%
Benjamin DioknoFR0.25%
Benjamin DioknoPT0.25%


<<10<12345678910>>>10
<<10<12345678910>>>10