US recession fears darken outlook for global growth

WASHINGTON/LONDON/TOKYO — Manufacturing growth is slowing worldwide as China’s coronavirus disease 2019 (COVID-19) curbs and Russia’s invasion of Ukraine disrupt supply chains and keep inflation at the highest in years, while the growing risk of a US recession poses a new threat to the global economy.  Gauges of factory activity released Thursday in Japan, Britain, […]

Yields rise on Fed moves, April inflation data

By Lourdes O. Pilar, Researcher YIELDS on government securities (GS) climbed across the board last week as investors turned cautious following the US Federal Reserve’s latest rate hike and after local April inflation print went above market expectations. GS bond prices dropped as yields rose by a week-on-week average of 15.92 basis points (bps), based […]

April inflation rises to 4.9%

THE country’s inflation rate increased further to 4.9 percent in April this year from four percent in March.The Philippine Statistics Authority (PSA) said Thursday, May 5, 2022, that this is the highest recorded inflation since January 2019. Inflation in April 2021 was lower at 4.1 percent.The average inflation for the first four months of the […]

Gov’t fully awards bonds

THE GOVERNMENT fully awarded the reissued Treasury bonds (T-bonds) it offered on Wednesday as investors were defensive ahead of the release of April inflation data and the US Federal Reserve’s latest policy decision. The Bureau of the Treasury (BTr) raised P35 billion as programmed through the reissued three-year bonds auctioned off on Wednesday, with tenders […]

BI keeps stance unchanged to support economy

BANK INDONESIA kept its benchmark interest rate unchanged to support the economy’s recovery. — REUTERS INDONESIA’S central bank kept its benchmark interest rate unchanged to support the economy’s recovery, while downgrading its growth outlook and saying it will keep a watch on price pressures fueled by the Russia-Ukraine conflict. Bank Indonesia (BI) held the seven-day […]