THREAD: Bangko Sentral ng Pilipinas Governor Benjamin Diokno holds a media briefing cnn.ph
Updates by our digital producer @pplmanuel
@pplmanuel BSP Gov. Diokno provides updates on the environmental & social risk management framework
@pplmanuel LOOK: Latest figures on the issuance of green, social, sustainability bonds by PH banks
@pplmanuel BSP Gov. Diokno recaps the interest rate caps on loans with lending, financing firms approved this month
@pplmanuel BSP Gov. Diokno notes talks with the SEC contributed to the central bank's move to impose interest rate ceilings
@pplmanuel BSP Gov. Diokno says the approved interest rate caps are time-bound, subject to their periodic review.
@pplmanuel LOOK: Long-term measures pursued by the BSP to keep financing accessible, affordable to the public
BSP Gov. Diokno: The Philippine banking system is prepared to withstand the effect of major disruptions. Before the E&S framework, we already put in place regulations
BSP Gov. Diokno: RA 9474 and RA 8556 empower the Monetary Board to prescribe maximum interest rates that can be charged by lending, financing firms in consultation with SEC, the industry if warranted by prevailing economic conditions
BSP Dept. of Economic Research Director Dennis Lapid on interest rate caps: The circular is being finalized. Plan is to have it effective by Jan. 3. It also specifies a periodic review every year
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