菲律宾综合股价指数 (PSEi) 加自选

菲律宾央行将全能银行和商业银行的存款准备金率下调200个基点至5%，这是今年首次下调存款准备金率。此外，BSP将数字银行的存款准备金率降至2.5%，将储蓄银行的存款回报率降至0%。这些调整将于3月28日生效，适用于银行和具有准银行职能的非银行金融机构的本币存款和存款替代负债。央行强调，降低存款准备金率将有助于缓解阻碍有效金融中介的障碍。此外，央行重申了其长期目标，即授权银行更有效地将资金分配给生产性贷款和投资。

The central bank of the Philippines reduced the reserve requirement ratio for universal and commercial banks by 200 basis points to 5%, marking the first RRR cut of the year. Additionally, the BSP lowered the RRR for digital banks to 2.5% and for thrift banks to 0%. These adjustments will take effect on March 28 and apply to local currency deposits and deposit substitute liabilities of both banks and non-bank financial institutions with quasi-banking functions. The central bank highlighted that reducing the reserve requirement ratios will help alleviate barriers that impede effective financial intermediation. Moreover, the central bank reaffirmed its long-term objective of empowering banks to allocate their funds more efficiently toward productive loans and investments.

菲律宾银行的现金汇款同比增长3.0%，从去年同期的32.8亿美元增至2024年12月的33.8亿美元，创下历史新高。这一增长主要归因于陆基（3.7%）和海基（0.6%）工人的收入增加。2024年全年，由于美国、沙特阿拉伯、新加坡和阿拉伯联合酋长国的汇款增加，现金汇款增长了3%，达到345亿美元。就国家来源而言，美国在汇款总额中所占比例最高，为40.6%，其次是新加坡（7.2%）和沙特阿拉伯（6.4%）。

Cash remittances coursed through banks in the Philippines rose by 3.0% year-on-year to reach an all-time high of USD 3.38 billion in December 2024 from USD 3.28 billion in the corresponding month of the previous year. The rise was mainly attributed to higher receipts from both land-based (3.7%) and sea-based (0.6%) workers. In the full year of 2024, cash remittances rose 3% to USD 34.5 billion, driven by increased remittances from the United States, Saudi Arabia, Singapore, and the United Arab Emirates. In terms of country sources, the US posted the highest share of overall remittances, accounting for 40.6%, followed by Singapore (7.2%), and Saudi Arabia (6.4%).

菲律宾中央银行在连续三次降息后，在2025年2月的政策会议上出人意料地将基准利率保持在5.75%，打破了5.5%的市场预期。2025年1月，菲律宾的年通货膨胀率为2.9%，与上月持平，超过了2.7%的市场预期。2025年的通胀预期从之前的3.4%上调至3.5%，而2026年的预测保持不变，为3.7%。与此同时，董事会强调，尽管对全球经济不确定性及其对菲律宾经济的潜在影响的担忧加剧，但国内增长前景仍然强劲。隔夜存款和贷款利率也分别保持在5.25%和6.25%。

The Central Bank of the Philippines unexpectedly kept its benchmark interest rate at 5.75% during its February 2025 policy meeting, following three consecutive periods of rate cuts and defying market expectations of a 5.5% rate. The annual inflation rate in the Philippines stood at 2.9% in January 2025, unchanged from the previous month and exceeding market expectations of 2.7%. Inflation expectations for 2025 were adjusted upward to 3.5% from the previous forecast of 3.4%, while the 2026 forecast remained unchanged at 3.7%. Meanwhile, the Board emphasized that domestic growth prospects remain robust, although concerns over global economic uncertainties and its potential impact on the Philippine economy have intensified. The rates on the overnight deposit and lending facilities were also maintained at 5.25% and 6.25%, respectively.

2024年11月，菲律宾的外国直接投资净额（FDI）同比下降19.8%，至9亿美元，主要原因是股权资本（-58.9%）和债务工具（-17.9%）大幅下降。与此同时，收益再投资（1.1%）有所增加。本月股本配售主要来自日本（49%）、美国（24%）和新加坡（17%），投资主要集中在制造业、房地产、金融和保险以及行政和支持服务业。考虑到2024年1月至11月，FD净流入达到86亿美元，比上年同期增长4.4%。

Net foreign direct investment (FDI) in the Philippines slumped by 19.8% year-on-year to USD 0.9 billion in November 2024, primarily driven by sharp declines in equity capital (-58.9%) and debt instruments (-17.9%). Meanwhile, reinvestment of earnings (1.1%) increased. Equity capital placements for the month largely came from Japan (49%), the United States (24%), and Singapore (17%), with investments directed mostly to manufacturing, real estate, financial and insurance, and administrative and support service industries. Considering January to November 2024, FD net inflows reached USD 8.6 billion, a 4.4% higher compared to the corresponding period of the previous year.