While the Philippine economy has likely accelerated further in the last three months of 2024, majority of the private-sector economists polled by Manila Bulletin doubt its degree was enough to reach the government’s growth target. Following the lower-than-expected quarter-three gross...
President Marcos expressed his gratitude to the Philippines' international partners as he highlighted the country's strides in diplomacy and economic growth. President Ferdinand 'Bongbong' Marcos Jr. (Manila Bulletin file photo) Marcos said this as he hosted a New Year Vin D'Honneur for members of...
The Philippine central bank’s third consecutive interest rate cut this year has prompted private sector economists to anticipate continued easing, citing sluggish economic growth and subdued inflation. On Dec. 19, the Monetary Board (MB) reduced the key borrowing cost by 25 basis points (bps),...
Monetary Board (MB) member and Department of Finance (DOF) Secretary Ralph G. Recto aligned with market consensus, expecting that the central bank will likely reduce its key borrowing cost by 25 basis points during its final policy meeting on Thursday, Dec. 19. "I agree with the market consensus of...
With inflation remaining within the government's target range and economic growth slowing, private sector economists expect that the Bangko Sentral ng Pilipinas (BSP) will further reduce its borrowing cost at its Dec. 19 meeting. According to the Bank of the Philippine Islands (BPI) and think tanks...
Singapore-based United Overseas Bank (UOB) anticipates the Philippine central bank will lower borrowing costs in December, citing manageable inflation and rising risks to economic growth. “Monetary policy is well-positioned for what lies ahead,” said Julia Goh, senior economist at executive...
With consensus expectations that inflation modestly accelerated in November, most economists polled by Manila Bulletin anticipate the Bangko Sentral ng Pilipinas (BSP) will proceed with cutting borrowing costs during its Dec. 19 policy meeting. Private-sector economists who are monitoring the...
By DERCO ROSAL The International Monetary Fund (IMF) expects a wave of interest rate cuts among Asian central banks, driven by strong economic performance, even as it cautions that trade fragmentation could hinder global growth. Domestic demand in advanced Asia is set to strengthen, while emerging...
Moody’s Analytics is projecting that the Bangko Sentral ng Pilipinas (BSP) will further reduce its key interest rate by another 25 basis points (bps) in December. According to Moody’s Analytics, this forecast is based on the country's continued low inflation rates and stable price...
By DERCO ROSAL While the Bangko Sentral ng Pilipinas’ dual rate cut could stimulate economic growth, UK-based banking giant HSBC warned of potential delays as borrowers may hesitate to take on new debt until the easing cycle is complete. Following the recent 25-basis-point (bp) rate cut to 6.0...
The relative strength or weakness of the Philippine peso would be a consideration for monetary authorities in determining the extent and pace of the ongoing policy easing cycle, economists said. Following the 25-basis point (bp) reduction in the policy rate to six percent on Wednesday, Oct. 16,...
Economic think tanks look forward to more interest rate cuts by the Bangko Sentral ng Pilipinas (BSP) following its second-straight 25-basis point (bp) reduction in the policy rate on Wednesday, Oct. 16. Capital Economics assistant economist Harry Chambers noted in a report that after the BSP again...
