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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

ADB sees PH inflation at 10-year high

The Asian Development Bank sees inflation in the Philippines hitting a 10-year high of 5.3 percent in 2018 even as the central bank's aggressive interest rate hikes in the past months were expected to ease consumer price increases in the near term.   In its Asian Development Outlook Supplement December 2018 report released yesterday, the Manila-based multilateral lender further jacked up its inflation forecast for the Philippines from 5 percent in its report in September.   At 5.3 percent, it will be the highest annual headline inflation rate since the 8.2 percent posted in 2008, using 2012 prices as base, Philippine Statistics Authority data showed.   It...Keep on reading: ADB sees PH inflation at 10-year high.....»»

Category: newsSource:  inquirerRelated NewsDec 12th, 2018

Philippine dollar reserves rise in November aided by strong peso |

The countrys dollar reserves rose slightly in November as the relative strength of the peso in the weeks following the central banks aggressive string of rate hikes pushed many dollar holders to liqui.....»»

Category: newsSource:  philippinetimesRelated NewsDec 8th, 2018

Philippines growth to further slow in 2019 — ING

Dutch financial giant ING Bank expects the Philippine economy to slow down further next year as inflation is expected to remain elevated while rate hikes may take its toll on growth......»»

Category: financeSource:  philstarRelated NewsDec 4th, 2018

BPI sees no more rate hikes in the offing

After jacking up key interest rates five times for a total 175 basis points this year, the Bangko Sentral ng Pilipinas (BSP) may keep its key interest rates steady through end-2019 as the country's inflation rate eases to targeted levels, according to a lead economist of the Bank of the Philippine Islands. In a press briefing yesterday, BPI's Emilio Neri Jr. said the inflation-targeting BSP, however, could have room to slash the reserve requirement of banks by as much as two percentage points if the country's inflation rate descends to the lower end of the target range of 2-4 percent. This could happen starting June 2019, he added. At 18 percent, the reserve requirement---or the ra...Keep on reading: BPI sees no more rate hikes in the offing.....»»

Category: newsSource:  inquirerRelated NewsNov 22nd, 2018

Philippine central bank hikes rate another 25 basis points in inflation battle

MANILA — The Philippine central bank raised its benchmark interest rate by 25 basis points (bps) on Thursday, its fifth hike this year, saying further policy tightening was needed to curb inflationary pressures. The Monetary Board raised the rate on its overnight reverse repurchase facility by 25 bps to 4.75 percent, following four successive hikes since […] The post Philippine central bank hikes rate another 25 basis points in inflation battle appeared first on Interaksyon......»»

Category: newsSource:  interaksyonRelated NewsNov 15th, 2018

IMF: PHL robust for rate hikes, trade gap

THE PHILIPPINE ECONOMY is strong enough to cope with rising interest rates and a growing external trade gap, the International Monetary Fund (IMF) said last weekend. The post IMF: PHL robust for rate hikes, trade gap appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsOct 15th, 2018

Opposition reps urge Duterte to repeal TRAIN law as inflation rockets to 6.7%

    Some opposition lawmakers from the House of Representatives have warned that the inflation rate would continue to spike if the administration of President Rodrigo Duterte will not repeal the Tax Reform for Acceleration and Inclusion (TRAIN) law.   The rate of increase in prices of basic commodities rose to 6.7 percent in September, the Philippine Statistics Authority reported Friday.   READ:Inflation hits new over 9-year high of 6.7% in September on elevated food prices   "October's inflation rate may again increase due to the inflationary effect of the big time water rate hike as well as the continuous oil price hikes," Bayan Muna Rep...Keep on reading: Opposition reps urge Duterte to repeal TRAIN law as inflation rockets to 6.7%.....»»

Category: newsSource:  inquirerRelated NewsOct 5th, 2018

Philippines hikes interest rate

MANILA: The Philippine central bank (CB) raised its benchmark interest rate for the fourth time in five months, pushing them to seven-year highs, and kept the door open for further tightening as it.....»»

Category: newsSource:  manilanewsRelated NewsSep 30th, 2018

Philippine Central Bank Hikes Rate By 50 Bps

The Philippine central bank lifted its key interest rates again by 50 basis points to anchor inflation expectations, on Thursday.The Monetary Board of the Bangko Sentral ng Pilipinas, raised the ov.....»»

Category: newsSource:  manilanewsRelated NewsSep 28th, 2018

Peso hits 13-year low anew

The peso weakened anew to the lowest level in almost 13 years, giving up 19 centavos at the start of the trading week amid the impending rate hikes by the US and Philippine central banks as well as worsening trade tension between the US and China......»»

Category: financeSource:  philstarRelated NewsSep 25th, 2018

PHL bond market grows in Q2

THE Philippine bond market continued to expand in the second quarter even as yields surged as a result of successive rate hikes by the central bank, the Asian Development Bank (ADB) said. The post PHL bond market grows in Q2 appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsSep 21st, 2018

Philippine GDP growth not seriously impacted by rate hikes

MANILA – Recent Philippine interest rate hikes will not have a serious impact on the economy, the finance minister said on Tuesday, allowing the government to keep its 2018 growth target of 7-8 percent for now. The current policy rates are “totally appropriate”, Finance Secretary Carlos Dominguez told a journalists’ forum, adding that they are […].....»»

Category: newsSource:  interaksyonRelated NewsAug 29th, 2018

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:  manilanewsRelated NewsAug 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