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Philippines: Inflation may remain high at 4.8% next year

MANILA, Philippines — Inflation may remain elevated next year, staying well above the two to four percent target set by the Bangko Sentral ng Pilipinas (BSP), according to New York-based think tank Global Source Partners Inc. In a report, former finance undersecretary Romeo Bernardo, country analyst at GlobalSource, said that inflation may remain elevated at […]

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Philippine growth seen to slow to 5% amid tailwinds

MANILA, Philippines — The gross domestic product (GDP) growth of the Philippines will significantly slow to five percent next year from the projected 7.2 percent this year as tailwinds supporting the post-pandemic recovery have matured, ANZ Research said. “Factors that supported the rebound in domestic demand have reached their point of maximum strength and should […]

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Philippines: BPI sees below 6% GDP growth next year

MANILA, Philippines — Ayala-led Bank of the Philippine Islands (BPI) sees the country’s economic growth slowing to below six percent but is expected to avoid recession next year amid external headwinds. In a virtual press conference, Jun Neri, lead economist at BPI, said the gross domestic product (GDP) growth of the Philippines may ease to […]

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Philippines: BSP matches Fed’s 50-bps rate increase

MANILA, Philippines — As widely expected, the Bangko Sentral ng Pilipinas (BSP) delivered a softer 50-basis-point hike at the last rate-setting meeting of the Monetary Board for the year, as inflation is seen accelerating further and peaking this month. This brings the benchmark interest rate to a 14-year high of 5.50 percent, the highest since […]

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