Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. said the central bank has plenty of room to cut key interest rates on the back of softer inflation, signaling a potential 50-basis-point (bp) cut by year-end. "So far, the hard data says we have plenty of room to cut, especially...
ILOILO CITY – The inflation rate in Western Visayas region dropped for the second straight month, by 0.8 percent, from 2.7 percent in March to 1.9 percent in April."The downtrend in the Western Visayas inflation rate in April was mainly due to the slower annual growth in the index of food and...
Slowing increases in consumer prices could boost the Philippine economy this year through 2027, with gross domestic product (GDP) growth falling within the lower end of the government's target of six to eight percent, according to the Bangko Sentral ng Pilipinas (BSP)."GDP growth could settle...
Government spending related to the May 12 midterm elections—frontloaded expenditures prior to the polls as well as the resumption of delayed projects due to the election ban—would likely spill over into the second quarter and support first-half economic growth, economists said."While the...
Despite the dismal first-quarter growth mostly weighed down by world trade uncertainties, the Economist Intelligence Unit (EIU) sees the Philippine economy outperforming the region in 2025."We will maintain our forecast of 6.1-percent growth this year, accelerating from 5.7 percent in 2024, making...
Another 25-basis-point (bp) interest rate cut by the Bangko Sentral ng Pilipinas (BSP) is widely expected at its monetary policy meeting next month, as inflation slides and economic growth weakens.In a May 9 report, Deutsche Bank Research said the lower-than-expected 5.4-percent gross domestic...
The coast isn 't clear yet for domestic inflation, as Singapore-based United Overseas Bank (UOB) sees looming United States (US) tariffs as a global price risk for an economy like the Philippines, which imports the bulk of the goods it consumes."The US reciprocal tariffs after the 90-day pause...
Robust government spending ahead of the May 12 elections likely sped up economic growth in the first quarter, despite private consumption largely being in wait-and-see mode as Filipinos save up, according to the research arm of global financial giant Deutsche Bank.In a May 3 report received by...
Singapore-based DBS Bank Ltd. expects a "resilient" first-quarter economic growth for the Philippines amid easing domestic inflation, despite global uncertainties wrought by the United States ' (US) tariff spree.In a May 5 report, DBS Group Research chief economist Taimur Baig and senior...
Inflation would likely fall to a five-year low in 2025, providing policy space for more interest rate cuts supportive of economic growth, according to the think tank Capital Economics."We expect GDP [gross domestic product] growth in the Philippines to remain relatively strong in 2025, helped by...
The Philippines' economic growth would fall below expectations in the next two years as the threat of a global trade war intensifies, according to the International Monetary Fund (IMF).In its April 2025 World Economic Outlook (WEO) report, published on Tuesday night, April 22 (Philippine time), the...
Surging United States (US) tariffs will weaken the global economy and push up inflation this year, according to projections to be released next week by the Washington-based multilateral lender International Monetary Fund (IMF).The IMF's Managing Director, Kristalina Georgieva, said Thursday, April...
