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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…
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…
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…
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…
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…
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…
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…
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…
The Philippines’ financial system was put on heightened alert against laundered cash just as the country entered into the long Lenten holidays, at the request of the Malaysian central bank, which said it had foiled a major…
THE Bangko Sentral ng Pilipinas on Monday said it expects inflation in October within the range of 3.2–3.7 percent to possibly hit an almost three-year high. Citing the projection of its Department of Economic Research, the BSP…
Amid uncertainties in the global economy such as US President Donald Trump’s protectionist policies and “Brexit,” majority of the Association of Southeast Asian Nations (Asean) central bank governors and their deputies were optimistic Asia will continue to…
A TRADE official in Central Visayas has sought the assistance of the Bangko Sentral ng Pilipinas (BSP) in obtaining a breakdown of dollar remittances sent to the Philippines by region. Asteria Caberte, director of the Department of…
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