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Bangko Sentral ng Pilipinas assures public of continued banking service under Alert Level 3

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ABS-CBN News

<p>MANILA— Banking service will continue despite tighter mobility restrictions in Metro Manila under Alert Level 3, the central bank said Friday. </p><p>The National Capital Region was placed under <a href="https://news.abs-cbn.com/news/12/31/21/ncr-to-go-under-covid-19-alert-level-3">Alert Level 3</a> until Jan. 15 as the number of daily COVID-19 cases skyrocketed in the past few days. </p><p>Several neighboring provinces were also placed under tighter restrictions as infections surged. </p><p>&quot;The Bangko Sentral ng Pilipinas assures the public that the banking industry will continue to provide essential services to its clients amid the decision of the IATF-EID to place NCR, Bulacan, Cavite and Rizal under Alert Level 3 until Jan. 15,&quot; it said in a statement. </p><p>Meanwhile, banks and other BSP-supervised financial institutions were advised to strictly observe minimum health protocols.</p><p>Digital payments and other e-banking services should also be used by the public for safer and more efficient financial transactions, the BSP said.</p><p>&quot;The BSP is committed to deliver on its mandates of promoting price and financial stability and a safe and efficient payments and settlements system throughout the pandemic,&quot; it said.</p><p>BSP Governor Benjamin Diokno on Thursday said the Monetary Board was preparing to unwind stimulus interventions put it place to support the economy during the COVID-19 pandemic.</p><p>But the central bank remains cautious due to the rising cases that could pose a threat to economic growth and inflation.</p><p>Inflation in December decelerated to 3.6 percent, its lowest level in all of 2021.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/01/05/22/inflation-eases-to-36-percent-in-december-2021">Inflation eases to 3.6 percent in December, lowest level in 2021</a></li>	<li><a href="https://news.abs-cbn.com/business/01/06/22/bsp-says-waiting-for-right-conditions-to-unwind-stimulus">BSP ready to unwind stimulus but waiting for right conditions: Diokno</a></li></ul><div><strong>RELATED VIDEO:</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1662991" width="100%"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div>

Banking service will continue despite the tighter mobility restrictions in Metro Manila under Alert Level 3, the central bank said Friday. 