Bangko Sentral ng Pilipinas (BSP)

The Bangko Sentral ng Pilipinas (BSP) is the central bank of the Philippines, responsible for maintaining the country’s monetary stability. It manages the supply of money, sets interest rates, and oversees banks to ensure they are financially sound. The BSP also regulates the currency, aims to control inflation, and promotes a stable financial system. Its goal is to support economic growth and protect consumers by maintaining confidence in the Philippine financial system. Essentially, the BSP acts as the "bank for banks" and the protector of the country’s money and financial stability.