With rice prices still seen to have dropped further recently, the central bank has forecast that increases in consumer prices likely slowed even more in July, following the five-and-a-half-year lows of 1.4 percent in June and 1.3 percent in May. As such, private-sector economists said that the...
Citing still favorable inflation data, President Marcos’ chief economic manager said the Bangko Sentral ng Pilipinas (BSP) could proceed with delivering two quarter-point cuts in the key interest rate by year-end even if the United States (US) Federal Reserve (Fed) decides to pause its easing...
CEBU CITY – Inflation in Central Visayas dropped to its lowest so far this year, from 0.9 percent in May to 0.2 percent in June. The Philippine Statistics Authority-Central Visayas (PSA-7) said the 0.2 percent decrease was a dramatic slowdown compared to 4.8 percent in June 2024. The significant...
ILOILO CITY – The inflation rate in Western Visayas dropped in consecutive months in the first half of the year, the Philippine Statistics Authority-6 said on Tuesday. The agency said inflation went down from four percent in January to 0.6 percent in June. Inflation rate was 3.1 percent in...
Germany-based Deutsche Bank stated that the Bangko Sentral ng Pilipinas’ (BSP) cumulative 1.25-percent interest rate reductions have been unable to lift lending growth, as lower borrowing costs were not enough to outweigh persistent economic uncertainty. This follows BSP Governor Eli M. Remolona...
As manufacturers experience only mild producer price inflation, central banks in emerging markets (EMs), including the Philippines, are expected to cut interest rates some more in the near term. “Encouragingly, the price components of the PMIs [purchasing managers’ indices] fell again in June....
Citing elevated oil prices and the recent depreciation streak of the Philippine peso, the Bangko Sentral ng Pilipinas (BSP) raised its inflation forecast for June, with the upper band at nearly two percent. According to the BSP’s statement, released on Monday, June 30, consumer price increases...
A slightly higher inflation rate that remains below two percent in June would allow the Bangko Sentral ng Pilipinas (BSP) to cut interest rates some more in August, economists said. In a June 27 report, Deutsche Bank Research economist Junjie Huang said headline inflation could have inched up to...
Downward inflation across the region would allow Asian central banks, including the Bangko Sentral ng Pilipinas (BSP), to cut interest rates further until year-end, according to the think tank Oxford Economics. “Inflation in Asia is approaching or has already fallen below the lower bound of...
Philippine economic growth would likely further slow in the next two years to remain below the government’s more ambitious annual targets amid a global deceleration fueled by trade and geopolitical tensions, according to the Washington-based Institute of International Finance (IIF). A June 25...
The Economist Intelligence Unit (EIU) still expects jumbo interest rate cuts by the Bangko Sentral ng Pilipinas (BSP) for the rest of 2025 as monetary authorities are seen prolonging the easing cycle. “We expect the BSP to continue cutting rates at each of its remaining meetings this year in...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. warned that rising global oil prices and the peso’s depreciation streak could push inflation above five percent, a level last seen nearly two years ago. “We do scenario analysis today [Friday] in which we focus on particular risks....
