The Bangko Sentral ng Pilipinas (BSP) could raise interest rates further in the fourth quarter unless underlying price pressures show a sustained slowing trend through the end of the year, according to ING Groep NV. Deepali Bhargava, ING regional head of research for Asia-Pacific (APAC), said the...
Factory-gate price growth inched up in July, bucking the continued easing in headline inflation, as higher petroleum and electronics prices offset slower increases in food manufacturing prices. The latest preliminary Philippine Statistics Authority (PSA) data released on Friday, Aug. 28, showed...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. said the decision to raise the policy rate to five percent on Thursday, Aug. 27, “wasn’t so hard,” while expressing hope that the latest increase would be the last of the current tightening cycle. Remolona told a press briefing...
The Philippines remains among Asia’s inflation hot spots as renewed Middle East tensions and extreme weather threaten to intensify energy and food price pressures. Based on the three-month moving average monitored by Singapore-based United Overseas Bank Ltd. (UOB), “inflationary pressures...
The Philippine economy is headed for a “slow and bumpy” recovery, with growth likely to fall below the government’s target this year after the multibillion-peso flood control corruption scandal and the war in the Middle East dragged economic expansion to a post-pandemic low, according to...
With dust from the United States (US)-Iran war still swirling in the air, global inflation remains vulnerable to a sudden resurgence in oil prices, according to global investment banking giant Goldman Sachs, keeping the case for a preemptive hike in borrowing costs alive. Goldman Sachs has...
Further increasing the key borrowing cost to five percent is needed to curb still-elevated price pressures that are hurting consumers’ pockets, Frankfurt-based Deutsche Bank AG said. Deutsche Bank Research joined the hawkish consensus, pricing in a quarter-point hike at the monetary...
The Philippine economy could weaken further in 2026 as the prolonged war in the Middle East, governance concerns, and El Niño threaten growth while elevated inflation and borrowing costs cloud the outlook, the Department of Economy, Planning, and Development (DEPDev) warned. “The country’s...
A grim word is beginning to circulate in discussions of the Philippine economy: stagflation. Strictly speaking, the country is not there yet. Growth has slowed sharply and inflation remains uncomfortable, but unemployment is not exceptionally high and output continues to expand. A better...
The Philippines recorded the second-largest increase in 10-year government bond yields among selected Asia-Pacific economies since the war in the Middle East began, raising the government’s borrowing costs at a time when the Marcos Jr. administration is relying heavily on domestic debt to finance...
The Bangko Sentral ng Pilipinas (BSP) signaled it remains prepared to adjust monetary policy further as upside risks to inflation accelerate and spillover effects threaten to broaden across the economy. Speaking at a legislative budget briefing on Monday, Aug. 17, BSP Governor Eli M. Remolona Jr....
The Philippines must push through political and economic reforms in the final two years of the Marcos Jr. administration to rebuild confidence and strengthen the economy’s growth potential, according to the country’s chief economist. During the Development Budget Coordination Committee (DBCC)...
