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Recto sees at least 5.8 percent GDP growth in Q1

The Philippine economy may have expanded by at least 5.8 percent to as much as 6.3 percent in the first quarter as inflation remained a concern for the government......»»

Category: financeSource:  philstarRelated NewsMay 1st, 2024

Prices expected to remain elevated until Q3

The Bangko Sentral ng Pilipinas sees inflation quickening further and staying above the two to four percent target until the third quarter due to the negative impact of weather conditions on agricultural production......»»

Category: financeSource:  philstarRelated NewsApr 6th, 2024

D& L sees earnings recovery this year

D&L Industries Inc. expects a recovery in profitability this year after earnings in 2023 fell due to higher interest and depreciation expenses associated with the Batangas plant coupled with the lingering effects of high inflation......»»

Category: financeSource:  philstarRelated NewsMar 8th, 2024

BSP leaves interest rates unchanged

The Bangko Sentral ng Pilipinas opted to keep interest rates unchanged at a near 17-year high for the fourth straight meeting yesterday, following the inflation uptick in March and as monetary authorities continue to be vigilant against upside risks......»»

Category: financeSource:  philstarRelated NewsApr 8th, 2024

Quick look at the week ahead

Domestically, Cebu Landmasters will wrap up its follow-on offering sale of preferred shares tomorrow (the listing is next week), and on Friday, we’ll get the inflation data for March from the Philippine Statistics Authority (which will set the table for the BSP’s decision on interest rates on Monday of next week). I.....»»

Category: financeSource:  philstarRelated NewsApr 1st, 2024

BSP to keep policy stance unchanged

Monetary authorities may keep the benchmark interest rates unchanged in the near term as inflation quickened for the first time in five months, and could accelerate further to above the two to four percent target in the second quarter......»»

Category: financeSource:  philstarRelated NewsMar 5th, 2024

Philippine central bank keeps interest rates unchanged

MANILA, Feb. 15 (Xinhua) -- The Philippine central bank opted Thursday to keep the bank's target reverse repurchase rate unchanged at 6.5 percent, and thus the interest rates on the overnight deposit and lending facilities were kept at 6 percent and 7 percent, respectively. In a statement, the Bangko Sentral ng Pilipinas (BSP) said the Monetary Board noted that the inflation outlook "was broadly unchanged.".....»»

Category: newsSource:  inquirerRelated NewsFeb 16th, 2024

BSP keeps policy rate at 6.5%

In the MB’s first policy rate meeting in 2024, the MB held steady at a 6.5% benchmark interest rate as the country’s inflation risks continued to lean on the upside. .....»»

Category: financeSource:  philstarRelated NewsFeb 15th, 2024

No change in BSP rates

As widely expected, the Bangko Sentral ng Pilipinas kept interest rates unchanged at a 16-year high as monetary authorities are looking for a more sustained downward trend in inflation......»»

Category: financeSource:  philstarRelated NewsFeb 15th, 2024

Philippine central bank keeps interest rates unchanged

MANILA, Feb. 15 (Xinhua) -- The Philippine central bank opted Thursday to keep the bank's target reverse repurchase rate unchanged at 6.5 percent, and thus the interest rates on the overnight deposit and lending facilities were kept at 6 percent and 7 percent, respectively. In a statement, the Bangko Sentral ng Pilipinas (BSP) said the Monetary Board noted that the inflation outlook "was broadly unchanged.".....»»

Category: newsSource:  inquirerRelated NewsFeb 15th, 2024

BSP seen to keep rates unchanged

The Bangko Sentral ng Pilipinas is likely to leave rates unchanged anew this week as it remains on a hawkish stance despite easing inflation......»»

Category: financeSource:  philstarRelated NewsFeb 12th, 2024

US inflation, BSP action on investors radar this week

The stock market will attempt to sustain its momentum this week as investors look to get inspiration from upcoming US economic data and the policy rate-setting meeting of the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsFeb 12th, 2024

BSP to keep policy stance sufficiently tight

Despite the slowdown in the rise in consumer prices in the past four months, monetary authorities deem it necessary to keep monetary policy settings sufficiently tight until there is sustained decline in inflation......»»

Category: financeSource:  philstarRelated NewsFeb 7th, 2024

BSP unlikely to cut rates in 1st half

The Bangko Sentral ng Pilipinas is unlikely to cut key policy rates within the first half of the year as it deems it necessary to keep monetary policy settings sufficiently tight in the near term to better anchor inflation expectations and mitigate second-round effects......»»

Category: financeSource:  philstarRelated NewsJan 21st, 2024

Nomura cuts Philippines inflation forecasts

Nomura Global Markets Research slashed its inflation forecasts for the Philippines in the next two years due to the reduction of import tariffs on rice to 15 percent from 35 percent......»»

Category: newsSource:  philstarRelated NewsJun 8th, 2024

Shares rebound as May inflation stays within target

The stock market bounced back after a major sell-off the previous day as investors stayed positive despite higher inflation rate announced in May......»»

Category: financeSource:  philstarRelated NewsJun 5th, 2024

Rice inflation rate slowed down in May 2024 — PSA

The Philippine Statistics Authority reported a slow growth in rice inflation between April and May 2024, as well as a slight decrease in its retail prices......»»

Category: newsSource:  philstarRelated NewsJun 5th, 2024

May 2024 inflation further accelerates to 3.9 percent

May 2024 inflation further accelerates to 3.9 percent.....»»

Category: sportsSource:  abscbnRelated NewsJun 5th, 2024

Market plunges on inflation, peso woes

Share prices retreated amid concerns on inflation as well as the peso, which slumped for a second straight trading day to fresh 19-month lows......»»

Category: financeSource:  philstarRelated NewsJun 4th, 2024

BSP may need to tighten if inflation surges – HSBC

“Policymakers would then need to tighten the monetary reins even further if inflation were to surge in the future, supporting our view that, when the dust settles, monetary policy in the Philippines will likely be higher for longer.”.....»»

Category: financeSource:  philstarRelated NewsMay 30th, 2024