MANILA, Philippines — Rates for short-term government securities continued their downward trend yesterday as market demand remained healthy amid strong liquidity in the financial system, according to the Bureau of the Treasury (BTr). During yesterday’s auction, the 91-day Treasury bills (T-bills) fetched an average rate of 0.846 percent, 7.1 basis points lower compared to the […]
Read MoreMANILA, Philippines — Amid limited options, the Bangko Sentral ng Pilipinas (BSP) is left with no choice but to keep interest rates steady on Thursday, according to Moody’s Analytics. In its latest Asia Pacific economic preview, Moody’s Analytics said the Monetary Board would likely keep the benchmark interest rates unchanged at an all-time low of […]
Read MoreMANILA, Philippines — Japanese investment bank Nomura expects the current account position of the Philippines to revert to a deficit this year due to higher import demand. In a report, Nomura economist Euben Paracuelles said the Philippine’s current account balance may return to a deficit of 0.2 percent of gross domestic product this year after […]
Read MoreGDP to take centre stage THE main release this week will be the gross domestic product (GDP) data for the fourth quarter of 2020 (Q4’20). Bank Negara is expected to release the data on Thursday. A Bloomberg poll estimates a contraction of 3.6% year-on-year (y-o-y) in Q4’20 from 2.7% in Q3’20. UOB Global Economics & […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may keep the benchmark interest rate at an all-time low of two percent on Thursday despite the breach of its two to four percent inflation target in January, according to economists. ING Bank senior economist Nicholas Mapa said the Monetary Board is likely to keep its […]
Read MoreMANILA, Philippines — The country should further reopen its economy to prevent job losses resulting from downsizing or closure of a number of businesses, the head of the country’s main employers’ group said. “Hindi na kaya ng ekonomiya (Our economy cannot bear it anymore). Before, our worry was the micro and small industries. Now, our […]
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