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UA& P economist calls for faster GIR hike, downplays overheating fears

THE PHILIPPINES needs to amass bigger foreign currency reserves to keep up with rising demand for dollars, an economist of the University of Asia & the Pacific (UA&P) said, even as he maintained that the economy is far from overheating. In a 12-page paper, UA&P associate professor Victor A. Abola dismissed concerns that the Philippine […] The post UA&P economist calls for faster GIR hike, downplays overheating fears appeared first on BusinessWorld......»»

Category: financeSource: bworldonline bworldonlineApr 16th, 2018

Moody’s says overheating farfetched; FMIC, UA& P see Q1 growth past 7%

By Melissa Luz T. Lopez Senior Reporter THE PHILIPPINE ECONOMY is far from overheating, with growth poised to clock faster even as inflation quickens further, according to a global debt watcher and a monthly analysis released on Monday. Moody’s Investors Service allayed fears that the Philippine economy could overheat, noting that growth can be expected […] The post Moody’s says overheating farfetched; FMIC, UA&P see Q1 growth past 7% appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 2nd, 2018

BSP downplays fears of overheating

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) downplayed anew fears of overheating after a stronger-than-expected economic expansion in the thi.....»»

Category: financeSource:  philstarRelated NewsNov 17th, 2017

Finance: Yields on T-bills climb on rate hike fears

THE GOVERNMENT raised only P10.36 billion from its auction of Treasury bills (T-bills) yesterday after it decided to partially award all three tenors despite strong demand as banks asked for higher returns due to market cautiousness over faster domestic inflation and global uncertainties......»»

Category: financeSource:  bworldonlineRelated NewsFeb 13th, 2017

Market to remain volatile amid overseas tensions

VOLATILITY may prevail in the week ahead, following the Philippine Stock Exchange index’s (PSEi) sharp decline last week due to a mix of geopolitical concerns and fears of an overheating economy.  The bellwether PSEi ended 0.57% or 44.48 points higher to 7,726.72 last Friday, managing to eke out gains after its steep fall on Thursday. The […] The post Market to remain volatile amid overseas tensions appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 22nd, 2018

NEDA chief downplays PH overheating concerns

The country’s Socioeconomic Planning chief sought to allay overheating concerns on Friday, declaring that officials remained watchful of risks that could affect the Philippines’ strong growth. “As we tread a high growth trajectory, risks are typically present on both domestic and external fronts. Nevertheless, we remain vigilant in monitoring these developments. And we already have the [...] The post NEDA chief downplays PH overheating concerns appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsApr 21st, 2018

Moody s dismisses growth fears

The global credit watcher Moody's Investors Service has ruled out the likelihood of the local economy from potentially overheating, saying current inflationary pressures, while trending at yea.....»»

Category: newsSource:  manilanewsRelated NewsApr 3rd, 2018

Central bank unfazed by pace of price pickup

THERE IS STILL NO NEED to raise policy rates in the Philippines despite rising inflation pressures, a senior central bank official said, noting that calls for a rate hike bare a “myopic” view of the economy. In a four-page commentary, Bangko Sentral ng Pilipinas (BSP) Deputy Governor Diwa C. Guinigundo sought to allay concerns that […] The post Central bank unfazed by pace of price pickup appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 1st, 2018

UN Security Council hears Gaza restraint calls

UNITED NATIONS – The UN Security Council heard fears of a further escalation in Israeli-Palestinian violence in the Gaza Strip during emergency talks on Friday, March 30, despite a failure to agree a joint statement on deadly clashes. UN Secretary-General Antonio Guterres also called for an "independent and transparent investigation" and ........»»

Category: newsSource:  rapplerRelated NewsMar 31st, 2018

Q4 home price hike biggest in three quarters

HOUSE PRICES rose faster in 2017’s last three months from a year ago, marking the biggest increase in three quarters as duplex and condominium prices surged by double-digit pace, according to data the Bangko Sentral ng Pilipinas (BSP) released on Wednesday. Prices rose by 5.7% year-on-year from October to December, clocking the fastest pace since […] The post Q4 home price hike biggest in three quarters appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 29th, 2018

BSP keeps key rates unchanged amid inflation fears

Defying calls from some forecasters, the Bangko Sentral ng Pilipinas held fire and kept benchmark interest rates unchanged at a record low, confident that inflation will behave within target. That means the overnight borrowing rate remains at 3%, while the overnight deposit stays at 2.5%. Not counting the shift to the interest rate corridor, policy settings haven't moved since September 2014......»»

Category: newsSource:  interaksyonRelated NewsMar 23rd, 2018

PSEi falls below 8,000 level on rate hike fears

PSEi falls below 8,000 level on rate hike fears.....»»

Category: newsSource:  philstarRelated NewsMar 22nd, 2018

Sea level fears as more of giant Antarctic glacier floating than thought

SYDNEY, Australia – More of a giant France-sized glacier in Antarctica is floating on the ocean than previously thought, scientists said Tuesday, March 20, raising fears it could melt faster as the climate warms and have a dramatic impact on rising sea-levels . The Totten Glacier is one of the fastest-flowing ........»»

Category: newsSource:  rapplerRelated NewsMar 20th, 2018

BSP unlikely to hike rates despite pickup in inflation

ING BANK N.V. and Capital Economics said the Bangko Sentral ng Pilipinas (BSP) is unlikely to hike interest rates even as inflation continued to pick up in February. In a report posted on Wednesday, ING Bank Manila branch senior economist Jose Mario I. Cuyegkeng said they are expecting the BSP to keep policy settings unchanged […] The post BSP unlikely to hike rates despite pickup in inflation appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 8th, 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

Analysts’ February inflation rate estimates

INFLATION likely picked up further in February as prices of food, fuel and electricity rose faster on higher taxes, analysts said in a BusinessWorld poll that also bared mounting bets on a central bank rate hike. Read the full story. The post Analysts’ February inflation rate estimates appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 4th, 2018

Poll puts Feb. inflation beyond target

By Melissa Luz T. Lopez Senior Reporter INFLATION likely picked up further in February as prices of food, fuel and electricity rose faster on higher taxes, analysts said in a BusinessWorld poll that also bared mounting bets on a central bank rate hike. A poll of 14 economists yielded a 4.2% median forecast for the […] The post Poll puts Feb. inflation beyond target appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 4th, 2018

Powell nods to stronger US economy, affirms gradual rate hike path

WASHINGTON — Federal Reserve Chairman Jerome Powell, in his first public appearance as head of the US central bank, vowed on Tuesday to prevent the economy from overheating while sticking with a plan to gradually raise interest rates. Testifying before the US House of Representatives’ Financial Services Committee, Mr. Powell acknowledged the economy had strengthened […] The post Powell nods to stronger US economy, affirms gradual rate hike path appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsFeb 28th, 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

Markets recover as rate hike fears ease

HONG KONG: Asian markets picked up Monday where they left off last week, with gains across the board as investors tracked a healthy lead from Wall Street. The advances helped take another bite out of the big losses suffered at the start of February, sparked by concerns at the impact of rising inflation that could [...] The post Markets recover as rate hike fears ease appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsFeb 26th, 2018

Capital markets pause for breath as rate hike fears upset stock prices

Companies seeking to tap the stock market for funding may stay on the sidelines until the dust from the global equity sell-off settles, as investors grapple with rate hike fears......»»

Category: newsSource:  interaksyonRelated NewsFeb 12th, 2018