MANILA, Philippines — The foreign obligations of the Philippines rose by 4.7 percent to $105.93 billion in end-September from $101.2 billion in end-June as the country received an emergency reserve fund from the International Monetary Fund (IMF), and also due to the higher borrowings by the government for its pandemic response measures. BSP Governor Benjamin […]
Read MoreMANILA, Philippines — Economists are not expecting a surprise on Thursday as the Bangko Sentral ng Pilipinas (BSP) is likely to keep interest rates at record lows to help the economy fully recover from the pandemic-induced recession. UnionBank chief economist Ruben Carlo Asuncion said the Monetary Board may keep policy rates on hold during its […]
Read MoreMANILA, Philippines — Wholesale prices of consumer goods in the entire country continue to pick up, increasing to an over two-year high in September, the Philippine Statistics Authority (PSA) said. The General Wholesale Price Index (GWPI) in the Philippines in August grew by 3.3 percent, faster than the 3.2 percent growth rate in August. This […]
Read MoreMANILA, Philippines — The latest cooling of inflation in the country will cement moves by the central bank to retain its accommodative monetary policy stance for the rest of 2022. International think tanks said the Bangko Sentral ng Pilipinas (BSP) would keep interest rates low to support economic recovery as inflationary pressures continue to ease […]
Read MoreMANILA, Philippines — The Philippines is expected to return to pre-pandemic levels in terms of domestic output by the second half of next year, slower than neighboring countries in Southeast Asia, DBS Bank Ltd. of Singapore and Japanese investment bank Nomura said in separate reports. In its 2022 outlook for the Philippines, DBS economist Chua […]
Read MoreMANILA, Philippines — Economists anticipate the Bangko Sentral ng Pilipinas (BSP) to shift to a cautious stance starting this month with the emergence of the Omicron variant. In a report, Debalika Sarkar, economist at ANZ Research, said that easing inflation has given the central bank some relief in maintaining an accommodative monetary policy stance to […]
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