‘Inaction is action’ may be BSP’s monetary policy for 2021, says economist

Daxim L. Lucas - Reporter / @daxinq 02/08/2021

MANILA, Philippines — The central bank will likely keep its key interest rate unchanged when its Monetary Board convenes on Thursday with the regulator finding itself lodged between the opposing demands of fighting rising inflation and restarting the…

Filipino consumers, businessmen more confident about 2021 prospects — BSP survey

Daxim L. Lucas - Reporter / @daxinq 12/11/2020

MANILA, Philippines — Confidence returned to Filipino consumers when polled about their expectations for the first quarter of 2021, after expressing negative sentiment about for the current quarter in the latest survey conducted by the central bank.…

BSP data: Strong dollar remittances in Sept keep PH economy from sinking

Daxim L. Lucas - Reporter / @daxinq 11/16/2020

MANILA, Philippines — The Philippines’ estimated 10 million citizens abroad once more stepped in to buoy the local economy in the middle of a crisis, driving a late third quarter surge in dollar remittance that helped ward…

Dollars flood into PH economy on gov’t’s foreign loans, drop in import spending

Daxim L. Lucas - Reporter / @daxinq 10/27/2020

MANILA – Philippines – The dollar flow surplus of the Philippine economy — which has been building up every month since the start of the pandemic — surged significantly in September, as the inflow of foreign exchange…

Price hikes likely to remain muted as Aug. inflation comes in below BSP’s forecast

Daxim L. Lucas - Reporter / @daxinq 09/04/2020

MANILA, Philippines — Price pressures on basic goods and services will likely remain muted over the near term, according to the central bank, as it welcomed the lower-than-expected August inflation rate which came in below the monetary…

Inflation eases to 2.4 percent in August

Cathrine Gonzales 09/04/2020

MANILA, Philippines — The country’s headline inflation eased to 2.4 percent in August from 2.7 percent in July, the Philippine Statistics Authority (PSA) said Friday, September 4, 2020. The latest figure brings the year-to-date inflation for 2020…

Dollar remittances of expat Filipinos fell for 2nd straight month in April

Daxim L. Lucas - Reporter / @daxinq 07/16/2020

MANILA, Philippines – Dollars sent home by expatriate Filipinos declined once more in April, marking the second consecutive period that the impact of the coronavirus pandemic was manifested in monthly remittances — a key pillar of the…

PH among economies most vulnerable to virus

Ben O. de Vera - Philippine Daily Inquirer 02/10/2020

  MANILA, Philippines — The country’s economic managers are preparing a raft of measures to counteract the economic impact of the novel coronavirus (nCoV) outbreak after the Philippines was identified as being among the three most vulnerable…

BSP: Consumer prices eased in Oct.

Inquirer.net 10/31/2018

THE central bank expects inflationary pressures to have moderated slightly in October due to the decrease in the prices of rice and other food items as well as the cost of electricity — a possible indication that…

BSP: Inflation to peak in October or November

Inquirer.net 10/16/2018

Inflation is seen peaking in October or November but would unlikely hit 7 percent, a member of the central bank’s policy-making Monetary Board said Tuesday. The Cabinet-level Development Budget Coordination Committee raised its 2018 inflation forecast range…

Inflation may have peaked, says BSP deputy governor

Inquirer.net 10/07/2018

Measures taken by the government to rein in surging consumer prices have started to make themselves felt as the inflation rate for September, though higher than the previous month’s, came in lower than most analysts’ expectations, the…

BSP eases dollar hedging rules amid persistent peso weakness

Inquirer.net 10/03/2018

  BANK regulators have finalized the relaxed rules for its dollar hedging facility meant to encourage more financial institutions to use it and consequently ease the selling pressure on the peso. In a press statement, the Bangko…

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