Peso climbs vs dollar ahead of CPI

THE PESO strengthened against the greenback on Monday on the back of market expectations of slower July inflation and gains in the stock market. The local unit closed at P49.90 per dollar yesterday, gaining seven centavos from its P49.97 finish on Friday, based on data from the Bankers Association of the Philippines. The peso started […]

BSP vows to back economy with accommodative stance

The Philippine central bank will keep a supportive monetary policy amid a slower-than-anticipated economic recovery, its governor said on Friday.  “High-frequency indicators suggest that the economy is gradually recovering from the adverse effects of the pandemic, but it would appear that the recovery is slower than anticipated,” Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. […]

Inflation decelerates in June

POLICY interventions to stabilize commodity prices have begun to take effect as headline inflation decelerated in June 2021, said the National Economic and Development Authority (Neda). The Philippine Statistics Authority (PSA) reported Tuesday, July 6, 2021, that headline inflation rate slowed down to 4.1 percent. This comes after three months of a steady 4.5 percent […]

Peso up on easing COVID-19 cases

THE PESO rose versus the dollar amid a steady drop in coronavirus cases. — BW FILE PHOTO THE PESO strengthened against the dollar on Monday amid easing coronavirus disease (COVID-19) cases and expectations of steady inflation last month. The local unit closed at P47.695 versus the dollar on Monday, strengthening by 10.5 centavos from Friday’s […]

March inflation eases to 4.5%

THE country’s inflation rate has eased to 4.5 percent in March 2021 after five consecutive months of acceleration. This brings the average inflation of the country for the first quarter of 2021 at 4.5 percent, the Philippine Statistics Authority on Tuesday, April 6, 2021, said. The slowdown in inflation at the national level was primarily […]

BSP unlikely to raise rates soon

BANGKO SENTRAL ng Pilipinas (BSP) Governor Benjamin E. Diokno on Thursday said policy makers are not inclined to tighten monetary policy yet as they see the uptick in inflation as “temporary,” with pressures coming from the supply side. “Notwithstanding the impact of supply-side factors on the inflation path, we are not inclined to tighten monetary […]

Gov’t fully awards T-bond offer

THE GOVERNMENT fully awarded the reissued Treasury bonds (T-bonds) it offered on Tuesday even as its rate surged on concerns over rising inflation and US Treasury bond yields. The Bureau of the Treasury (BTr) borrowed P30 billion as programmed from the reissued 10-year T-bonds it auctioned off on Tuesday as total tenders reached P50.248 billion, […]