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Inflation uptick not a cause for concern, says ADB

Multilateral lender Asian Development Bank said the faster increase in consumer prices should not be a cause for concern in the Philippines as monetary authorities are doing everything to curb rising inflationary pressures......»»

Category: financeSource: philstar philstarMay 24th, 2018

US Federal Reserve raises key interest rate to 1.75-2%

Washington — The US Federal Reserve raised the benchmark lending rate on Wednesday, the second increase of the year, and signaled two more hikes were coming in 2018 and four in 2019, a possible sign of concern about accelerating inflation. The unanimous vote brings the federal funds rate to a range of 1.75-2.0 percent but […] The post US Federal Reserve raises key interest rate to 1.75-2% appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJun 13th, 2018

Labor threatens to go on strike over rise in cost of living caused by ‘tax reforms’

ORGANIZED labor threatened to go on strike in the face of the rising cost of living as a result of the sudden uptick of inflation and drop of the purchasing power of minimum wage earners. The Bukluran ng Manggagawang Pilipino-National Capital Region (NCR)- Rizal (BMP-NCRR) and the Metro East Labor Federation (MELF), among other labor groups, issued the [...] The post Labor threatens to go on strike over rise in cost of living caused by ‘tax reforms’ appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJun 8th, 2018

Government flags inflation concern

INFLATION clocked slower than expected in May but still marked the fastest clip in more than five years and kept the year-to-date pace past the government’s 2-4% target for 2018, prompting state economic managers to express concern and assure the public of action in separate statements on Tuesday. The post Government flags inflation concern appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJun 6th, 2018

4.6 percent May inflation highest in 5 years

The rate of increase in consumer prices hit a fresh five-year high of 4.6 percent in May and monetary authorities said inflation remains a concern despite signs it is slowing down......»»

Category: newsSource:  philstarRelated NewsJun 5th, 2018

4.6 percent May inflation highest in 5 years

The rate of increase in consumer prices hit a fresh five-year high of 4.6 percent in May and monetary authorities said inflation remains a concern despite signs it is slowing down......»»

Category: newsSource:  philstarRelated NewsJun 5th, 2018

Aklan’s inflation hits 2.2 percent in 2017

AKLAN’S annual inflation rate picked up by 2.2 percent in 2017from 0.6 percent a year ago according to the Philippine Statistics Authority (PSA)-Aklan. The inflation rate is the annual rate of change or the year-on-year change in consumer price index (CPI). The annual uptick was primarily pushed by eight of the eleven commodity groups, namely: […] The post Aklan’s inflation hits 2.2 percent in 2017 appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsMay 11th, 2018

Fed leaves key interest rate unchanged

WASHINGTON: The US central bank kept its key interest rate unchanged as expected on Wednesday and at the same time signaled policymakers were not overly concerned by the recent uptick in inflation. The Federal Reserve noted inflation had moved up but said its two percent target was “symmetric,” indicating there was margin to fluctuate above [...] The post Fed leaves key interest rate unchanged appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 3rd, 2018

DoF: April inflation likely higher at 4.5%

INFLATION could have hit 4.5 percent last month with “sin” products still driving the uptick, the Finance department said on Thursday. “Using the new base, inflation rate in April may have increased to 4.5 percent, up from the prior month’s 4.3 percent,” the department said in an economic bulletin issued ahead of today’s release of [...] The post DoF: April inflation likely higher at 4.5% appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 3rd, 2018

Market expects rate hike in May — DBS

By Melissa Luz T. Lopez, Senior Reporter MARKET participants are pricing in a rate hike from the Bangko Sentral ng Pilipinas (BSP) next month, analysts at DBS Bank said, amid concerns that the uptick in inflation and a wider current account deficit have rendered tightening moves necessary. “The Philippine markets are positioning for a rate […] The post Market expects rate hike in May — DBS appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 18th, 2018

Gov’t partially awards T-bills amid uptick in rates

By Karl Angelo N. Vidal Reporter THE GOVERNMENT made a partial award of the Treasury bills (T-bill) offered on Monday, rejecting all bids for the longer tenors, as investors sought for higher returns on the back of rising inflation as well as uncertainty in the number of rate hikes in the US. The Bureau of […] The post Gov’t partially awards T-bills amid uptick in rates appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 10th, 2018

Mixed BSP messages confound economists

LIFE is getting harder for Philippine central bank watchers. Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla, Jr. has veered between statements that analysts say are both hawkish and dovish in the past month. While he’s voiced concern about price pressures broadening out in the economy and his own forecasts show inflation will breach […] The post Mixed BSP messages confound economists appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 21st, 2018

Stocks clip gains as investors await US inflation data

MANILA, Philippines — The stock market failed to sustain its uptick at the start of week, clipping gains to end yesterday’s session in the red......»»

Category: financeSource:  philstarRelated NewsMar 14th, 2018

Inflation uptick weighs on PSEi

The stock market fell for the fifth straight session on Tuesday after the government reported higher-than-expected inflation for February. The benchmark Philippine Stock Exchange index (PSEi) dipped by 0.31 percent or 25.95 points to close at 8,360.22. The broader All Shares shed 0.20 percent or 10.17 points to end at 5,033.72. “Philippine markets closed lower as the [...] The post Inflation uptick weighs on PSEi appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsMar 6th, 2018

Philippine inflation to ease despite uptick in February: BSP

The Philippine central bank poured cold water on the prospect of an interest rate hike, maintaining on Tuesday that annual inflation would ease to its target next year, despite the faster rate in February......»»

Category: newsSource:  interaksyonRelated NewsMar 6th, 2018

Senate panel to hold hearings on inflation, mitigation measures

THE SENATE committee on economic affairs has summoned the government’s economic managers to discuss today rising inflation and possible measures to mitigate its impact. Senator Sherwin T. Gatchalian, who chairs the committee, expressed concern over rising food prices, which are the main component of the inflation basket. “We need to identify and implement a strong […] The post Senate panel to hold hearings on inflation, mitigation measures appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsFeb 26th, 2018

Interest rate worries pull down PSEi

The local stock barometer fell sharply on Wednesday as investors braced for an uptick in local inflation and interest rates. Tracking weak sentiment on Wall Street overnight, the main-share Philippine Stock Exchange index (PSEi) shed 109.05 points or 1.25 percent to close at 8,613.65. With the market's recent correction driven by inflation and interest rate-related woes, Papa Securities said two dates to look forward to would be the US Federal Reserve's policy meeting on March 21 and the Bangko Sentral ng Pilipinas' (BSP) monetary setting on March 22. The market was expecting the US Fed to hike rates during this March meeting, and BSP following suit was not farfetched, Papa Secu...Keep on reading: Interest rate worries pull down PSEi.....»»

Category: newsSource:  inquirerRelated NewsFeb 21st, 2018

January 2018 inflation uptick not due to TRAIN: DOF exec

Businesses’ compliance with higher taxes on cigarettes - and not the impact of tax reform - is the main factor behind the big jump of the Philippines’ inflation rate in January 2018 to 4 percent from 3.3 percent in December 2017......»»

Category: newsSource:  interaksyonRelated NewsFeb 13th, 2018

Despite inflation uptick, monetary policy steady

THE Monetary Board on Thursday, February 8, kept the interest rate on the Bangko Sentral ng Pilipinas (BSP) overnight reverse repurchase (RRP) facility steady at 3 percent despite the higher inflation. The corresponding interest rates on the overnight lending and deposit facilities were also unchanged. In a statement, the board said inflation is expected to… link: Despite inflation uptick, monetary policy steady.....»»

Category: newsSource:  manilainformerRelated NewsFeb 10th, 2018

Dominguez: ‘Hard to believe’ TRAIN law has significant impact on January inflation

MANILA, Philippines — The uptick in consumer prices in January was unlikely due to effects of higher excise duties under the Duterte administration’s tax ref.....»»

Category: financeSource:  philstarRelated NewsFeb 6th, 2018

Central bank looking out for tax reform’s wider impact on inflation

THE BANGKO SENTRAL ng Pilipinas (BSP) may raise interest rates should tax reform trigger price increases for all other consumer goods and services as well as wage hike petitions that, in turn, could push inflation beyond target. “For the BSP, our concern there is the secondary impact on inflation. We’ve always understood that it would […] The post Central bank looking out for tax reform’s wider impact on inflation appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJan 17th, 2018