The research arm of German lender Deutsche Bank expects the Bangko Sentral ng Pilipinas (BSP) to deliver bigger interest rate hikes than previously anticipated as inflation risks intensify, while also lowering its economic growth forecasts for the Philippines amid mounting external pressures and...
The inflation-targeting Bangko Sentral ng Pilipinas (BSP) is expected to continue raising interest rates to contain surging inflation despite the risk of slower economic growth. In a May 22 report, Japanese financial giant MUFG Bank Ltd. said the Philippines is facing one of the most severe...
Philippine economic growth would continue to underperform this year and next as the country faces not only headwinds from a prolonged war in the Middle East but also domestic challenges related to politics and corruption, according to the Institute of International Finance (IIF). The IIF’s latest...
Prolonged conflict in the Middle East would stretch the resources of oil importers like the Philippines and further hurt consumers already reeling from elevated prices, according to think tank Capital Economics. In a May 14 report by its global economics team, Capital Economics said that under an...
The peso risks sinking to an all-time low of ₱65 against the United States (US) dollar over the next three years if the government maintains its passive stance toward escalating global tensions. Jonathan Ravelas, senior adviser at Reyes Tacandong & Co., said during a Pandesal Forum on Wednesday,...
The World Bank warned that the Philippines’ broad-based economic slowdown in the first quarter of 2026 could spill over into weaker household incomes and higher food prices as the country grapples with an escalating energy price shock triggered by tensions in the Middle East. In its latest...
De La Salle University (DLSU) economists slashed their 2026 Philippine gross domestic product (GDP) growth forecast to 3.11 percent from 3.79 percent previously, warning that the economy is facing mounting pressure from the Middle East conflict, elevated inflation, and lingering domestic...
The peso’s descent to unprecedented lows is facing a volatile new headwind, with MUFG Bank Ltd. warning that an escalating political feud between the nation’s two most powerful dynasties threatens to upend investor confidence. The Japanese financial institution said that the deepening rift...
The Philippines is facing a deepening cost-of-living crisis and a sharp economic slowdown driven by escalating tensions between the United States (US) and Iran, according to a report by BMI, a unit of Fitch Solutions. While the government has introduced relief measures, a narrowing fiscal window...
The peso shed 26 centavos against the United States (US) dollar on Thursday, May 14, closing at a fresh record low of ₱61.64 from ₱61.38 last Wednesday, May 13. According to the Bankers Association of the Philippines (BAP), the local currency hit an intraday low of ₱61.66 and a high of...
MALASIQUI, Pangasinan – Inflation rates in Pangasinan and La Union accelerated sharply in April, rising to 7.4 percent and 7.5 percent, respectively, from 3.7 percent and 4.1 percent in March, according to the Philippine Statistics Authority (PSA)-Ilocos Regional Office. During a forum on...
Even as the Philippines is seen posting its weakest post-global financial crisis (GFC) growth, think tank Oxford Economics still stands firm on its assumption that local monetary authorities will emerge among the “active hawks” on monetary policy, with jumbo rate hikes looming. Louise Loo, Asia...
