MANILA, Philippines — Inflation likely remained stubbornly high and could have breached nine percent in February from a fresh 14-year high of 8.7 percent in January, according to the Bangko Sentral ng Pilipinas (BSP). In a statement, the central bank said inflation last month likely settled between 8.5 percent and 9.3 percent, with upward pressures […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas on Tuesday said there are chances that brutally-high inflation sizzled beyond 9% in February, which could give it more reason to tighten monetary policy. In a statement on Tuesday, the BSP said inflation likely quickened between 8.5 to 9.3% in February. If the upper range is realized, consumer price growth would be faster […]
Read MoreMANILA, Philippines — The Philippine stock market tumbled yesterday as interest rate and inflation concerns continue to weigh on investor sentiment. The benchmark Philippine Stock Exchange Composite index (PSEi) fell 86.56 points or 1.29 percent to close at 6,599.34. The market’s decline was expected as most analysts expect market volatility to persist in the first quarter of […]
Read MoreMANILA, Philippines — The Philippines vowed to further intensify initiatives to address the remaining deficiencies in its regime to counter money laundering as well as terrorist and proliferation financing, after it failed to meet last month’s deadline imposed by the Paris-based Financial Action Task Force (FATF). Bangko Sentral ng Pilipinas and Anti-Money Laundering Council (AMLC) […]
Read MoreMANILA, Philippines — The country’s gross domestic product (GDP) may expand by over six percent amid pent-up demand as well as the easing of inflation back to within the two to four percent target range toward the end of the year, according to Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla. In his speech during […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) sees the possibility of a smaller rate hike next month as inflation likely eased in February from a fresh 14-year high of 8.7 percent in January. BSP Governor Felipe Medalla, in an interview with reporters on the sidelines of the Bankers Night 2023 last Friday, said […]
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