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Philippine CB Hikes Rate By 50 Bps

The Philippine central bank lifted its key interest rates by 50 basis points after raising it by 25 basis points at the previous two meetings. The Monetary Board of the Bangko Sentral ng Pilipinas,.....»»

Category: newsSource: manilanews manilanewsAug 10th, 2018

Stock market plunges on July inflation surprise

THE stock market plunged by over a percent on Tuesday, falling back to the 7,700 level, as latest inflation data stoked concerns over the scale of expected Bangko Sentral ng Pilipinas (BSP) rate hikes. The bellwether Philippine Stock Exchange index (PSEi) dropped by 1.17 percent or 91.46 points to finish at 7,725.85, while the broader All [...] The post Stock market plunges on July inflation surprise appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsAug 8th, 2018

Inflation hits 5.2%, exceeds gov’t target

  Inflation picked up faster than expected to 5.2 percent year-on-year in June, the highest in more than five years, due to costlier food and "sin" products, the government reported on Thursday.   The Bangko Sentral ng Pilipinas (BSP) vowed to get the inflation rate back to its 2-4 percent target range amid increasing pressure for more interest rate hikes than the two made this year.   The Philippine Statistics Authority (PSA) reported that June's faster inflation was "primarily brought about by higher annual rate posted in the heavily weighted food and nonalcoholic beverages index at 6.1 percent."   June's consumer price index was above the 4...Keep on reading: Inflation hits 5.2%, exceeds gov’t target.....»»

Category: newsSource:  inquirerRelated NewsJul 6th, 2018

Peso falls to P53.51:$1; risk-off sentiment cited

The Philippine peso fell to a fresh 12-year low on Thursday, closing at P53.515 against the dollar due to factors such as the country’s widening trade deficit, tariff wars between the world’s biggest economies and more US Federal Reserve rate hikes. The currency, which has been described as Asia’s worst-performing this year, closed 4 centavos down [...] The post Peso falls to P53.51:$1; risk-off sentiment cited appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 29th, 2018

Philippine Central Bank Hikes Key Rates

The Philippine central bank on Wednesday raised its benchmark interest rate for the second straight month as inflation remains above the target.The Monetary Board of the Bangko Sentral ng Pilipinas.....»»

Category: newsSource:  manilanewsRelated NewsJun 21st, 2018

Peso extends decline in morning trade after Fed raises key rate

The Philippine peso extended its drop on Thursday after the US Federal Reserve lifted its benchmark interest rate and signals possible acceleration in hikes......»»

Category: financeSource:  philstarRelated NewsJun 14th, 2018

Stocks end six-day losing streak after Fed minutes hint at gradual rate hike

The main index snapped its six-day losing streak on Thursday, May 24, accelerating after the United States Federal Reserve announced its policy of gradual interest rate hikes for the rest of the year. The bellwether Philippine Stock Exchange index went back to the 7,600 level, climbing 1.22% or 92.06 points to finish at 7,652.53 yesterday. […] The post Stocks end six-day losing streak after Fed minutes hint at gradual rate hike appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 24th, 2018

PSEi falls 2.23% on rate hike concerns

The stock market plunged by more than two percent on Thursday, falling to the 7,600 level, as investors continued to pare their positions amid renewed fears of additional US interest rate hikes. The benchmark Philippine Stock Exchange index (PSEi) lost 175.44 points or 2.23 percent to close at 7,694.12 while the broader All Shares dropped [...] The post PSEi falls 2.23% on rate hike concerns appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 18th, 2018

Q1 growth, rate hikes spur stock market rise

The stock market rebounded to the 7,700 level on Friday with investor confidence — raised the day before by strong first quarter economic growth — said to have been further boosted by the central bank’s decision to raise key interest rates. The Philippine Stock Exchange index (PSEi) advanced by 2.39 percent or 181.11 points to [...] The post Q1 growth, rate hikes spur stock market rise appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 11th, 2018

Philippine CB Hikes Key Rate By 25 Bps, As Expected

The Philippine central bank raised its benchmark interest rate from a record low, in a bid to rein in inflation.The Monetary Board of the Bangko Sentral ng Pilipinas on Thursday raised the key inte.....»»

Category: newsSource:  manilanewsRelated NewsMay 11th, 2018

BSP minutes: Q1 GDP growth on target

FIRST-QUARTER economic growth likely settled within target on a boost from state infrastructure spending, the Bangko Sentral ng Pilipinas (BSP) said, with robust activity capable of absorbing future interest rate hikes. Monetary policy makers expect Philippine gross domestic product (GDP) to have sustained its momentum, saying growth likely settled close to or within the 7-8% […] The post BSP minutes: Q1 GDP growth on target appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 19th, 2018

Rate hikes to weigh on loan growth

Philippine banks will remain stable, a Fitch Group unit said as it also warned that expected interest rate hikes would weigh on loan growth. “We expect the Philippine banking system to remain stable over the medium term as risks to financial stability, albeit rising, remain low,” BMI Research said in a report released late on [...] The post Rate hikes to weigh on loan growth appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsApr 12th, 2018

Stocks dip as market continues to consolidate

Shares started the week on a negative note, as the main index digested the impacts of interest rate hikes and higher inflation in the long-term. The 30-member Philippine Stock Exchange index shed 0.86% or 72.40 points to close at 8,386.17 on Monday, March 5. The broader all-shares index also dipped 0.42% or 21.45 points to […] The post Stocks dip as market continues to consolidate appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 5th, 2018

Shares drop as market continues to consolidate

By Arra B. Francia, Reporter SHARES started the week on a negative note, as the main index digested the impacts of interest rate hikes and higher inflation in the long term. The 30-member Philippine Stock Exchange index (PSEi) shed 0.85% or 72.40 points to close at 8,386.17 on Monday. The broader all-shares index also dipped […] The post Shares drop as market continues to consolidate appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 5th, 2018

PSEi tracks US sell-off on rate hike fears

PHILIPPINE shares fell in early trading Wednesday as the local market tracked the sell-off on Wall Street amid fears of more rate hikes this year than expected. The benchmark Philippine Stock Exchange index (PSEi) was down 89.06 points or 1.04 percent at 8,503.32 at the noon break while the broader All Shares was down 34.20 points or 0.67 percent [...] The post PSEi tracks US sell-off on rate hike fears appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsFeb 28th, 2018

Shares snap losing streak to track Wall St.’s rise

LOCAL SHARES snapped their three-day losing streak on Monday, lifted by the upswing in global markets as the US Federal Reserve hinted on more rate hikes this year. The 30-member Philippine Stock Exchange index (PSEi)   climbed 0.38% or 32.42 points to 8,499.98 yesterday, managing to reverse intraday losses that saw the market sink to […] The post Shares snap losing streak to track Wall St.’s rise appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsFeb 26th, 2018

PSEi nears 8,500

The local stock barometer firmed up to nearly 8,500 on Monday, tracking upbeat US and regional markets as the US Federal Reserve signalled a "gradual" pace of interest rate hikes. Reversing early losses, the Philippine Stock Exchange index (PSEi) ended 32.42 points or 0.38 percent higher to finish at 8,499.98. This was on the back of selective buying of large-cap stocks, particularly banks. On Friday, the US Fed said it expected "further gradual adjustments in the stance of monetary policy and economic activity will expand at a moderate pace." This statement lifted the Dow Jones Industrial Average, which added 347.51 points or 1.39 percent on Friday. On Monday, regional markets we...Keep on reading: PSEi nears 8,500.....»»

Category: newsSource:  inquirerRelated NewsFeb 26th, 2018

PSEi retreats to 8,500 on rate hike concerns

The stock market lost nearly a hundred points on Thursday, falling back to the 8,500 level, as investors digested US Federal Reserve minutes that suggested further interest rate hikes. The benchmark Philippine Stock Exchange index (PSEi) ended the day down at 8,515.57, losing 1.14 percent or 98.08 points, while the broader All Shares dipped 0.14 percent [...] The post PSEi retreats to 8,500 on rate hike concerns appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsFeb 22nd, 2018

PSEi snaps 5-day rise, returns to 6,000 level

THE stock market snapped a five-day winning streak on Wednesday with analysts noting investor concerns over the possibility of interest rate hikes. Following gains since Tuesday last week and a holiday break on Friday, the benchmark Philippine Stock Exchange index (PSEi) lost 1.25 percent or 109.05 points to close at 8,613.65. The broader All Shares shed 0.15 [...] The post PSEi snaps 5-day rise, returns to 6,000 level appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsFeb 21st, 2018

Stocks end lower on inflation, rate hike concerns

SHARES continued to drop on Monday as investors stayed cautious amid fears of rate hikes and inflationary pressures that continue to affect Western markets. The 30-company Philippine Stock Exchange index (PSEi) gave up 0.18% or 15.78 points yesterday to close at 8,487.91, marking the third day of losses for the bellwether. The broader all-shares index […] The post Stocks end lower on inflation, rate hike concerns appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsFeb 12th, 2018

Pressure mounting for monetary policy response to credit growth, imports — ANZ

By Melissa Luz T. Lopez, Senior Reporter IMBALANCES in the Philippine economy could intensify further amid an expected rise in commodity prices and accelerated credit and imports growth, analysts at ANZ Research said, in the absence of policy rate hikes from the central bank. An “elevated” trade deficit coupled with inflation pressures will continue to […] The post Pressure mounting for monetary policy response to credit growth, imports — ANZ appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJan 16th, 2018