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Philippines: Peso may weaken further vs dollar

MANILA, Philippines — The peso may weaken further over the next two years on the back of weak domestic growth, as well as the rising US Treasury yields in the first half of the year, according to Australia-based ANZ Research. In its latest Asia economic outlook, ANZ said the local currency may depreciate to 48.90 […]

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Philippines: Inflation forecast hiked to 3.9%

MANILA, Philippines — Barcelona-based think tank FocusEconomics raised its 2021 inflation forecast for the Philippines to 3.9 percent from the original target of 3.4 percent. This is the second time the think tank raised its inflation forecast after jacking up its projection from 3.1 percent in February. Alexandros Petropoulos, junior economist at FocusEconomics, said the […]

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