Jobless Filipinos increased in number by nearly half a million to 2.5 million in May from 2.03 million a year ago, driven largely by employment losses in the agriculture and forestry sectors as weather-related disruptions, including El Niño, weighed on opportunities. National Statistician Claire...
Despite headline inflation easing further to 6.4 percent in June, the Bangko Sentral ng Pilipinas (BSP) warned that price pressures from global oil prices remain strong, assuring the public that it stands ready to take the necessary policy actions to steer inflation back to its three-percent...
The Bangko Sentral ng Pilipinas (BSP) is facing mounting pressure to deliver a more aggressive interest rate hike or a rare off-cycle move after inflation surged to a three-year high in April. British banking giant Barclays is now pricing in three consecutive 25-basis-point increases, which would...
While Philippine gross domestic product (GDP) growth showed relative strength in the second quarter, private-sector economists believe it is not strong enough to prevent the Bangko Sentral ng Pilipinas (BSP) from further reducing interest rates, as inflation is expected to remain soft and growth...
Even as the Philippine peso depreciated against the United States (US) dollar at a pace that was among the worst among emerging market (EM) currencies last week, the Bangko Sentral ng Pilipinas (BSP) is still expected to cut interest rates this week. Data from the Bankers Association of the...