PH Peso breaches the P54-mark

THE Philippine peso breached the P54-per-dollar level on Monday, marking the currency’s worst performance since October 31, 2018 when it closed at P53.535:$1.The peso plunged 0.85 percent or 45 centavos on Monday, June 20, to close at 54.005.The local currency’s depreciation against its US counterpart to a fresh three-year low follows the Federal Reserve’s most […]

Jobless rate eases in April

By Bernadette Therese M. Gadon, Researcher The unemployment rate in April slowed to its lowest since the start of the pandemic as the size of the workforce shrank amid the disruptions caused by the ongoing Russia-Ukraine conflict. Preliminary results of the Philippine Statistics Authority’s (PSA) April round of the Labor Force Survey (LFS) on Friday […]

BSP hikes interest rate to 2.25%

THE Monetary Board (MB) decided to raise the interest rate on the Bangko Sentral ng Pilipinas’ (BSP) overnight reverse repurchase facility by 25 basis points (bps) from two percent to 2.25 percent, effective Friday, May 20, 2022.Accordingly, the interest rates on the overnight deposit and lending facilities were raised to 1.75 percent and 2.75 percent, […]

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 […]

Unemployment rate dips in March, job quality worsens

By Mariedel Irish U. Catilogo, Researcher The country’s unemployment rate in March eased on a monthly basis to its lowest since the start of the coronavirus pandemic due to further loosening of mobility restrictions, but job quality worsened to a four-month high. Preliminary results of the Philippine Statistics Authority’s (PSA) March round of the Labor Force Survey […]