RLR Research & Analysis Selected for the 2021 Consumer Finance Survey of BSP

From Bangko Sentral ng Pilipinas (with edits from RLR)

The Bangko Sentral ng Pilipinas (BSP) will begin its conduct of the 2021 Consumer Finance Survey (CFS) on 26 March 2022. The CFS is a triennial nationwide survey on the financial condition of Filipino households, specifically their assets, liabilities, income, and expenditure. The BSP has commissioned the services of RLR Research and Analysis, Inc. (RLR), an independent market research firm, to collect the necessary data on behalf of the BSP. The CFS data collection activities are scheduled to be completed by the end of October 2022.

The BSP is authorized to require from any person or institution any data, for statistical and policy development purposes under Section 23 of the BSP Charter (Republic Act (RA) No. 7653 as amended by RA No. 11211). The data collected will be handled with utmost confidentiality, following the pertinent Philippine laws, and the said data will not be made available to any person or entity outside of the BSP, whether public or private, except under order of the court or under such conditions as may be prescribed by the Monetary Board. The survey results, as with all BSP-released statistics, will be published in aggregate form to safeguard the identities of the respondents. For information about the BSP’s privacy policy, kindly visit https://www.bsp.gov.ph/Pages/AboutTheBank/BSPPrivacyPolicy.aspx.

The BSP encourages the selected families to participate in the said survey for a more accurate representation of the financial condition of consumers in the Philippines. The Philippine Statistics Authority (PSA), in support of this initiative, has likewise posted information about the conduct of the 2021 CFS on their website https://psa.gov.ph/content/psa-grants-clearance-conduct-2021-consumer-finance-survey.

For the official announcement from BSP, visit https://bit.ly/Advisory_CFS2021.