THE PESO retreated versus the dollar on Monday due to rising coronavirus infections ahead of the release of August inflation data. The local unit closed at P49.925 per dollar on Monday, weakening by 8.5 centavos from its P49.84 finish on Friday, based on data from the Bankers Association of the Philippines. The peso opened Monday’s […]
Tag: inflation
Yields on government debt end flat
YIELDS ON government securities (GS) ended flat on Friday from their week-ago levels as investors wait for fresh leads. GS yields inched up by an average of 0.24 basis point (bp) week on week, based on the PHP Bloomberg Valuation (BVAL) Service Reference Rates of Sept. 3 published on the Philippine Dealing System’s website. Yield […]
Analysts’ August 2021 inflation rate estimates
INFLATION likely quickened in August and settled above the central bank’s official target range anew, as a weaker peso pushed food prices up, according to analysts. Read the full story.
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 […]
Stocks to move sideways on lockdown, inflation
INVESTORS are expected to go bargain hunting this week after the market closed in the red on Friday and are likely to take their cue from the release of July inflation data. The 30-member Philippine Stock Exchange index (PSEi) shaved off 226.30 points or 3.48% to close at 6,270.23 on Friday, while the broader all […]
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 […]
Stocks climb despite lower volume ahead of data
PHILIPPINE shares climbed on Monday even as trading volume declined as most investors were waiting for the release of the country’s June inflation data. The Philippine Stock Exchange index (PSEi) went up by 34.12 points or 0.48% to close at 7,036.38 on Monday, while the all shares index rose by 20.64 points or 0.48% to […]
Yields on gov’t debt mixed on month-end positioning
YIELDS ON government securities (GS) were mixed last week following end-of-month positioning and ahead of the release of June inflation data. GS yields at the secondary market fell by 1.39 basis points (bps) on average week on week, based on the PHP Bloomberg Valuation (BVAL) Service Reference Rates as of July 2 published on the […]
Peso weakens vs dollar ahead of US inflation
THE PESO weakened versus the greenback for a third straight day on Thursday on safe haven demand as the market awaits the release of US inflation data, which could dictate the pace of the Federal Reserve’s tapering. The local unit closed at P47.765 per dollar on Thursday, shedding 3.4 centavos from its P47.731 finish the […]
Peso strengthens after steady May inflation reading
THE PESO strengthened against the dollar on Friday after May inflation steadied at 4.5%. The peso closed at P47.75 against the dollar Friday after finishing Thursday at P47.825, according to the Bankers Association of the Philippines. Week-on-week, the peso strengthened from its P47.80 close on May 28. Since the start of 2021, the peso has appreciated […]
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 […]
Inflation likely settled at 4-4.8% in May — BSP
THE CENTRAL BANK expects May inflation to have continued beyond its target range in May, though moderated by lower food prices and a stronger peso. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said the bank expects headline inflation in May to likely come in at between 4% and 4.8%. Mr. Diokno said the […]
BSP wary of inflation impact of oil prices
THE Bangko Sentral ng Pilipinas (BSP) said it is monitoring the markets for any possible second-round effects resulting from rising oil prices, particularly their impact on inflation, though it called such an eventuality unlikely in the near term. The Monetary Board of the central bank has taken into account the effect of higher oil prices […]
BSP sees inflation breaching target anew in April
The Bangko Sentral ng Pilipinas (BSP) said inflation likely breached the upper-end of its annual target for a fourth straight month in April due to higher electricity rates and food prices. Inflation during the month likely reached between 4.2% to 5%, BSP Governor Benjamin E. Diokno told reporters in a Viber message. This is above […]
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 sees March inflation at 4.2% to 5%
THE central bank continues to see inflation breaching the target range in March, as oil prices rose and the peso weakened against the US dollar. Headline inflation during the month likely settled within 4.2% to 5%, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said in a Viber message to reporters. This is still […]
Yields on gov’t debt rise on inflation
BETS OF faster inflation in the near term as food costs continued to increase pushed yields on government securities (GS) to soar last week. GS yields, which move opposite to prices, went up across the board last week, increasing by an average of 29.99 basis points (bps) week on week, based on the PHP Bloomberg […]
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, […]