Monday, 2 December 2024
2 days ago
QUICK LOOK: BSP expects consumer prices to have risen 2.2-3% in November
Price drivers: Upward pressures include higher prices of vegetables, fish, meat, electricity, petroleum, and the peso’s depreciation.
5 Nov 2024
9:43AM
More expensive rice, typhoon pushed Philippine inflation up to 2.3% in Oct.
The increase in October was largely due to higher inflation in food and non-alcoholic beverages, which rose to 2.9 percent from 1.4 percent in September. Notably, rice inflation surged to 9.6 percent from 5.7 percent, driven by high retail prices despite month-on-month easing.
31 Oct 2024
1:24PM
BPI urges prudence on rate cuts as PH inflation expected to go up in October
Inflation in the Philippines likely climbed to 2.5 percent year-on-year in October, up 0.4 percent from the previous month.
30 Oct 2024
8:32AM
VIEWS FROM THE PEAK: The butterfly effect
A small shift in nature, like Typhoon Trami, shows how interconnected global events—from disrupted coffee yields in Vietnam to rising costs—can ripple across industries and impact the margins of Philippine companies.
4 Oct 2024
4:20PM
BSP vows measured approach to interest rate policy amid sharp Sept inflation drop
The Bangko Sentral ng Pilipinas said its Monetary Board will adopt a “calibrated approach” for its interest rate policy despite the government announcing that September inflation had dropped to 1.9 percent — its lowest level since May 2020.
4 Oct 2024
7:08AM
Philippine government reducing fiscal deficit at slower pace than planned, IMF says
The current consolidation plan was put in place to reduce the government’s deficit and debt, both of which grew due to massive spending during the COVID-19 pandemic.
5 Sep 2024
10:08AM
BSP: Consumer prices to stay muted for the rest of 2024 into 2025 after low August inflation
The decline in August confirmed BSP's assessment that inflation would return to its target range after the temporary surge in July due to base effects and supply issues, especially in the case of rice.
30 Aug 2024
3:20PM
BSP sees lower August inflation — down from July’s 4.4% — as food, fuel prices dip
The central bank said key factors that are expected to have blunted price increases during the month were the reductions in domestic oil prices, lower costs of rice, fish, and meat, and the peso's appreciation against the dollar.
29 Aug 2024
1:24PM
Filipinos download lending, digital bank apps amid high inflation, interest rates
Interest in digital lending and digital banks spiked higher during the first half of 2024 as consumers turned to debt options amid elevated inflation, data from consumer credit service Digido showed.
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