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Philippines: Inflation seen to taper off in H2

MANILA, Philippines — Inflation in Asia Pacific, including the Philippines, will begin to taper off by the second half of the year as supply side disruptions are slowly addressed. In its latest research brief, London-based Oxford Economics said inflationary pressures would turn modest beyond the second quarter amid government efforts to manage prices and an […]

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Philippines: BSP hints at rate pause

MANILA, Philippines — Monetary authorities are likely to maintain interest rates at record lows as the economy has yet to recover from the impact of the COVID-19 pandemic, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno. In his weekly online press briefing, Diokno said the withdrawal of liquidity-enhancing policy measures is unlikely this […]

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Philippines hits target 20% payments via digital means

MANILA, Philippines — The Philippines successfully raised the share of digital payments to 20 percent of retail transactions last year from only one percent seven years ago amid the shift in consumer behavior due to the quarantine measures brought about by the global health pandemic, according to the Bangko Sentral ng Pilipinas (BSP). BSP Deputy […]

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Philippines risks double-dip recession

MANILA, Philippines — The renewed tighter restrictions in the capital due to surging COVID-19 cases may put the Philippine economy at risk of a double-dip recession, a global think tank said, but the government maintained that the economy remains on track for recovery and growth. In its latest economic monitor, UK-based Pantheon Macroeconomics said the […]

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