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Benign inflation rate gives BSP flexibility

Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Thursday inflation in the third quarter remained benign or within the target range of 2 percent to 4 percent set by the government......»»

Category: financeSource: thestandard thestandardOct 30th, 2020

BSP sees October inflation steady at mid-point range of 2.3%

Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Friday inflation rate in October likely remained benign and steady at 2.3 percent, the mid-point of the bank’s forecast range, on slower increases in the prices of rice and fuel......»»

Category: financeSource:  thestandardRelated NewsOct 30th, 2020

Benign

The Philippine Statistics Authority puts the August inflation rate at 2.4 percent. That is certainly within target range and that is certainly benign......»»

Category: newsSource:  philstarRelated NewsSep 5th, 2020

Bangko Sentral keeps policy rate at a record-low of 2.25%

The Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas, on Thursday kept unchanged the overnight borrowing rate at a record low of 2.25 percent, taking into account the benign inflation and the 16.5-percent gross domestic product contraction in the second quarter amid the health crisis......»»

Category: financeSource:  thestandardRelated NewsAug 20th, 2020

BSP reduces interest rate to an all-time low of 2.25%

The Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas, on Thursday reduced the benchmark interest rate by 50 basis points to an all-time low of 2.25 percent on expectations inflation will remain benign amid the coronavirus pandemic......»»

Category: financeSource:  thestandardRelated NewsJun 26th, 2020

BSP reduces borrowing rate by 25 bps to 3.75%

The Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas, on Thursday cut the overnight borrowing rate by 25 basis points to 3.75 percent on benign inflation environment......»»

Category: financeSource:  thestandardRelated NewsFeb 6th, 2020

BSP expects benign inflation until 2022

The Bangko Sentral ng Pilipinas expects inflation rate to stay benign until 2022, as demand-induced price pressures are likely to remain manageable over the target horizon. .....»»

Category: financeSource:  thestandardRelated NewsDec 18th, 2019

BSP chief hints of 50 bps rate cut in 2020

Monetary authorities are set to resume an easing cycle with 50 basis points of cumulative rate cuts next year amid a benign inflation environment......»»

Category: financeSource:  philstarRelated NewsDec 15th, 2019

BSP keeps borrowing rate at 4%

The Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas, kept the benchmark borrowing rate at 4 percent on Thursday, its last meeting for the year, amid the benign inflation environment......»»

Category: financeSource:  thestandardRelated NewsDec 12th, 2019

BSP cuts policy rate amid benign inflation, slow Q1 GDP growth

The Bangko Sentral ng Pilipinas on Thursday cut its policy rate amid tame inflation recorded in recent months and slower-than-expected economic growth in the first quarter......»»

Category: financeSource:  philstarRelated NewsMay 9th, 2019

Aug inflation up but still benign at 2% – DOF

Headline inflation in August likely inched up to 2 percent, driven by higher prices of alcoholic drinks, tobacco products and transport costs, at a rate seen by the Department of Finance as still benign enough to allow for monetary policy maneuvering in s.....»»

Category: newsSource:  manilatimes_netRelated NewsSep 2nd, 2016

Inflation rate in EV increases to 1.7 percent in July 2020

Inflation Rate (IR) in Eastern Visayas increased to 1.7 percent in July 2020. This IR is 0.6 percentage point higher compared with the 1.1 percent IR in June 2020......»»

Category: newsSource:  samarnewsRelated NewsNov 12th, 2020

Gov’t raises P30 B from bond sale

The national government raised P30 billion through the sale of three-year debt papers at yesterday’s auction. The Bureau of the Treasury fully awarded the bonds at 2.224 percent. Highest bid hit 2.245 percent, while lowest offer was at 2.199 percent. Total tenders for the Treasury bonds reached P64.43 billion. National Treasurer Rosalia de Leon said the rate was aligned inflation forecast for October, which hovered 2.3 percent to 2.4 percent. “Strong volume indicated [investor] preference for frontend of the curve.” The treasury opted not open its tap facility to accommodate additional offers. Gov’t raises P30 B from bond sale The national government raised P30 billion through the sale of three-year debt papers at yesterday’s auction. The Bureau of the Treasury fully awarded the bonds at 2.224 percent. Highest bid hit 2.245 percent, while lowest offer was at 2.199 percent. Total tenders for the Treasury bonds reached P64.43 billion. National Treasurer Rosalia de Leon said the rate was aligned inflation forecast for October, which hovered 2.3 percent to 2.4 percent. “Strong volume indicated [investor] preference for frontend of the curve.” The treasury opted not open its tap facility to accommodate additional offers......»»

Category: newsSource:  inquirerRelated NewsNov 4th, 2020

T-bill rates ease across the board

The Bureau of the Treasury borrowed more from domestic creditors as Treasury bills fetched lower rates amid strong demand from investors due to the benign inflation environment......»»

Category: financeSource:  philstarRelated NewsNov 3rd, 2020

Maynilad, MWC shelve rate adjustments for 2021

Maynilad Water Services, Inc. (Maynilad) and Manila Water Company, Inc. are forgoing some water rate increases they are qualified to implement in the coming year, including the next tranche of the rate rebasing adjustment as well as the mandated Consumer Price Index (CPI) adjustment.  This was announced separately by both companies on Tuesday. In a text message, Metropolitan Waterworks and Sewerage System (MWSS) Chief Regulator Patrick Ty said the MWSS-Regulatory Office (MWSS-RO) has been discussing this matter with both Maynilad and Manila Water since the start of this year. “We just received the proposals of the two Concessionaires and we are currently evaluating them,” Ty said.  In a statement, Maynilad said that with this deferral, the company “hopes to alleviate the day-to-day struggles of its customers as they and the whole country strive to recover from adversity and rise stronger than before, ready to start anew”. “During these difficult times when no one is spared the economic impact of the COVID-19 pandemic, Maynilad is one with the government in finding ways to help our countrymen make the situation more manageable,” it also said. Manila Water, on the other hand, said “in the spirit of Bayanihan and to alleviate the plight of our customers due to the pandemic, Manila Water will not be implementing the rate adjustment in 2021 under the approved 2018 Rate Rebasing.” Done every five years, rate rebasing is review of water utilities’ past performance and the projection on their future cash flows.  It is supposed to set the water rates at a level that would allow both Maynilad and Manila Water to recover their expenditures and earn a rate of return. For 2020, Maynilad and Manila Water also volunteered to defer the implementation of the next tranche of annual rate hike approved under the current rate rebasing period, which started in 2018.  Their decision came as both companies were being scrutinized by no less than President Rodrigo Duterte for their allegedly onerous contracts with MWSS. To be implemented in tranches from 2018 to 2022, the approved increase in Maynilad’s rates under the fifth rate rebasing period would be P5.73 per cubic meter (/cu. m.). For this year, it was supposed to increase its rates by P1.95/cu.m, then another P1.95/cu.m in 2021.    As for Manila Water, the increase in its rates under rate rebasing would play around P6.22 to P6.55/cu.m.  This year, it was supposed to increase its rates by P2/cu.m, and another P2/cu.m by 2021.  By 2022, depending on the medium-term water sources project that the company will be allowed to pursue, the Ayala-led firm could charge its customers an increase of P0.76/cu.m up to P1.04/cu.m. The CPI adjustment, on the other hand, is the annual inflation adjustment and takes place every January. Maynilad is the largest private water concessionaire in the Philippines in terms of customer base.  It is the agent and contractor of the Metropolitan Waterworks and Sewerage System (MWSS) for the West Zone of the Greater Manila Area, which is composed of the cities of Manila (certain portions), Quezon City (certain portions), Makati (west of South Super Highway), Caloocan, Pasay, Parañaque, Las Piñas, Muntinlupa, Valenzuela, Navotas and Malabon all in Metro Manila; the cities of Cavite, Bacoor and Imus, and the towns of Kawit, Noveleta and Rosario, all in Cavite Province.  Meanwhile, Manila Water caters to the East Zone concession area covering the Cities of Makati, Mandaluyong, Pasig, Pateros, San Juan, Taguig and Marikina. It is also in charge of the southeastern parts of Quezon City, and Sta. Ana and San Andres in Manila. In the Province of Rizal, MWCI services the City of Antipolo and Municipalities of San Mateo, Rodriguez, Cainta, Taytay, Teresa, Angono, Baras, Binangonan, and Jala-jala......»»

Category: newsSource:  mb.com.phRelated NewsNov 3rd, 2020

BSP: Presyo ng goods, services mananatili ngayong Oktubre

Manila, Philippines-Inihayag ng Bangko Sentral ng Pilipinas na inaasahang mananatili ang inflation o rate of increase ng presyo ng goods at services  ngayong buwan ng Oktubre. Sinabi ni BSP Governor Benjamin Diokno na tinataya ng  BSP Department of Economic Research na ngayong October 2020  mananatili ang inflation sa 1.9% – 2.7% range o sa average […] The post BSP: Presyo ng goods, services mananatili ngayong Oktubre appeared first on REMATE ONLINE......»»

Category: newsSource:  remateRelated NewsOct 30th, 2020

Bangko Sentral ready to tweak policy stance

Bangko Sentral ng Pilipinas Governor Benjamin Diokno said the benign inflation environment provides monetary authorities enough space to tweak the policy stance if warranted during the pandemic......»»

Category: financeSource:  thestandardRelated NewsOct 20th, 2020

Region 11’s inflation rate in September lowest in PH

DAVAO CITY (MindaNews / 8 October) — Region 11 posted an inflation rate of 0.8% in September, the lowest among the 17 regions in the Philippines, according to the Philippine Statistics Authority (PSA). The PSA, however, said the region’s latest inflation figure increased slightly from 0.2% reported in August. The region is composed of the […].....»»

Category: newsSource:  mindanewsRelated NewsOct 9th, 2020

Inflation rate slowed down slightly to 2.3% in September

Inflation rate in September decelerated to a four-month low of 2.3 percent from 2.4 percent in August, pulled down by slower increases in the prices of food and non-alcoholic beverages despite the lingering impact of the COVID-19 pandemic, the Philippine Statistics Authority said Tuesday......»»

Category: financeSource:  thestandardRelated NewsOct 6th, 2020

September inflation eases at 2.3 percent

The rate at which the prices of goods and services increase or inflation slowed a little bit, growing by only 2.3 percent in September versus the posted 2.4 percent month-ago.  Year-to-date, inflation averaged 2.5 percent, sitting well within the government’s 2 to 4 percent target band for the year.  National Statistician Claire Dennis Mapa traced […] The post September inflation eases at 2.3 percent appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsOct 6th, 2020

Peso Expected to Rise Before Inflation

The Philippine Peso (PHP) rate is expected to increase before the release of local inflation and other trade datas. According to data from the Bankers Association of the Philippines, on Friday, October 2, PHP closed at P48.48 against the US Dollar, smaller than the previous P48.43. Meanwhile, experts said that the Philippine Peso weakened after […].....»»

Category: newsSource:  metrocebuRelated NewsOct 5th, 2020