The inflation rate in May eased slightly to 6.8 percent from the more-than-three-year high of 7.2 percent recorded in April, although it remained well above the government’s two- to four-percent target range for manageable annual price increases. Last month’s headline rate nonetheless surged...
Foreign banks expect Philippine inflation to have picked up further in May, above the already more-than-four-year high of 7.2 percent last April, making room for more interest rate hikes by the Bangko Sentral ng Pilipinas (BSP). In a May 29 report obtained by Manila Bulletin, Goldman Sachs...
Citing the rising risk of inflation expectations becoming de-anchored, the Paris-headquartered intergovernmental Organization for Economic Cooperation and Development (OECD) holds one of the most hawkish positions on policy tightening, penciling in a maximum of 125 basis points (bps) in interest...
Singapore-based regional surveillance body ASEAN+3 Macroeconomic Research Office (AMRO) is seeing a full-year stagflationary period as it significantly lowers its Philippine growth outlook amid mounting pressure from elevated costs of living. Based on AMRO’s June 2026 interim update of its...
The confluence of negative economic developments that have sticken the Philippines is giving Bagong Henerasyon (BH) Party-list Rep. Robert Nazal feelings of doom and gloom. As such, Nazal prodded the government to undertake "urgent action", and told it that it "cannot afford to be complacent and...
Foreign banks are turning more hawkish on domestic consumer prices than the central bank, warning that expiring price freezes and unabsorbed food costs will drive inflation beyond official projections. Frankfurt-based Deutsche Bank AG has an inflation forecast of 8.1 percent for May, breaching the...
Inflation may have surged to as high as 7.9 percent in May, driven by soaring basic commodity prices and the weakening local currency, according to the Bangko Sentral ng Pilipinas (BSP), Amid intensifying macroeconomic headwinds, global supply shocks filter into the domestic economy, the central...
Philippine economic growth is seen falling to a new post-pandemic low of three percent this year as the lingering impacts of last year’s multi-billion-peso flood-control corruption scandal and the prolonged war in the Middle East weigh on investor and business confidence, according to think tank...
The Bangko Sentral ng Pilipinas (BSP) is facing a delicate balancing act as foreign and local lenders price in a minimum five percent benchmark interest rate by the end of 2026. Economists said that mounting stagflationary pressures and the potential de-escalation of geopolitical conflicts in the...
Philippine economic growth needs “a major impetus” after slowing to its weakest pace since the pandemic recovery period, with rising inflation, higher interest rates, and the prolonged Middle East conflict expected to weigh on the country’s property sector, according to property consultancy...
Nomura Holdings Inc., a Japanese investment and brokerage giant, has significantly downgraded its economic outlook for the Philippines as the nation struggles with energy security vulnerabilities and mounting inflationary pressures. A new report showed that Nomura has slashed its real gross...
DAVAO CITY – The Philippine Statistics Authority-11 reported that the inflation rate in the Davao region accelerated sharply to 8.9 percent in April from 5.9 percent in March. The PSA-11 said the regional inflation rate exceeded the national inflation rate of 7.2 percent recorded during the same...
