Bank of the Philippines

The Bank of the Philippines, known as the Bangko Sentral ng Pilipinas (BSP), is the country's central bank. It manages the nation’s monetary policy, regulates banks, and ensures financial stability. Its primary goals are to maintain price stability, promote economic growth, and safeguard consumer interests. The BSP also issues currency and oversees the payment systems. By controlling inflation and ensuring a stable financial environment, the Bank of the Philippines plays a crucial role in the overall health of the Philippine economy.