MANILA, Philippines — Inflation management should be a top economic priority for the next president of the Philippines, as rising consumer prices may prompt the Bangko Sentral ng Pilipinas (BSP) to raise interest rates as early as next month, according to Moody’s Analytics. Sonia Zhu, associate economist at Moody’s Analytics, said in a commentary that […]
Read MoreMANILA, Philippines — The Philippine economy likely survived the Omicron threat in January with a decent first quarter growth and further recovery on the way, an international think tank said. In its weekly brief, Capital Economics said first quarter gross domestic product (GDP) for the Philippines likely grew by 6.7 percent year-on-year and inched up […]
Read MoreDue to January COVID surge MANILA, Philippines — Economists are looking at a slower gross domestic product (GDP) growth in the first quarter as the surge in COVID cases to record highs in January due to the more contagious Omicron variant prompted the government to reimpose stricter quarantine and lockdown protocols in the National Capital […]
Read MoreMANILA, Philippines — The government trimmed its borrowings by more than a fifth in the first quarter, but is near to breach half of the program for the year with nine months to go. According to the Bureau of the Treasury, gross borrowings slipped by 22 percent to P1.08 trillion in the first quarter from […]
Read MoreMANILA, Philippines — The country’s foreign exchange buffer thinned slightly to $106.76 billion in end-April from the revised $107.31 billion in end-March, as the government spent more to pay its foreign obligations and fund its expenditures, according to the Bangko Sentral ng Pilipinas (BSP). This was the country’s lowest gross international reserves (GIR) level in […]
Read MoreMANILA, Philippines — More economists believe the Philippines is set to join the interest rate hike bandwagon as pressure for monetary tightening continues to grow. In its Asia Macro weekly report titled “Rising Pressure to Jump on the Rate Hike Bandwagon,” ANZ Research economist Krystal Tan said rising domestic inflation is becoming difficult to ignore. […]
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