SURVEY. Households chosen to participate in the central bank's survey on financial conditions are asked to support the initiative. The Bangko Sentral ng Pilipinas (BSP) said it is currently conducting the survey and targets to have all the data by end-2022. (Photo courtesy of BSP)
MANILA – The Bangko Sentral ng Pilipinas (BSP) is encouraging households selected to take part in the triennial nationwide survey on the financial conditions of households in the country to “extend their full support and cooperation.”
In a press release issued on Tuesday, the central bank said it is currently conducting the survey that is aimed to check on households’ 2021 assets, outstanding liabilities, incomes, and expenditures.
It has tapped the independent market research firm RLR Research and Analysis, Inc. (RLR) to conduct the survey and targets to have all the data by end-December 2022.
It said the central bank “is authorized to require from any person or entity any data for statistical and policy development purposes under Section 23 of Republic Act (RA) No. 7653 (The New Central Bank Act), as amended by RA No. 11211, subject to confidentiality laws.”
“The data collected will not be made available to any person or entity outside the BSP, whether public or private, except under a court order or such conditions as may be prescribed by the Monetary Board,” it said.
It said “as with all BSP-released statistics, the survey results will be published in aggregate form to safeguard the identities and personal information of the respondents.”
It added the conduct of the survey “has been reviewed and cleared by the Philippine Statistics Authority (PSA).” (PNA)
