Philippine Inflation Rate Stays at 3.2 Percent
The Philippines average inflation rate in 2012 decelerated to 3.2 percent from 4.6 percent the previous year. The Philippines inflation rate averaged 9.1 percent reaching an all time high of 62.8 percent in September of 1984 and a record low of -2.1 percent in January of 1959. Bangko Sentral ng Pilipinas (BSP) Governor Amando M. [...]
Treasury Bill Rates in the Philippines
By Joann Santiago Rate of the 364-day Treasury bill declined to another record-low of 0.549 percent on Monday on back of high demand for this paper. Yield of this tenor fell 13.1 percent against the 0.68 percent during the auction two weeks ago. The Bureau of the Treasury (BTr) offered the paper for P4 billion [...]
U.S. Federal Reserve Bank would approve new economic stimulus measures
Gold futures on the COMEX division of the New York Mercantile Exchange rose Tuesday, as traders hoped the U.S. Federal Reserve Bank would approve new economic stimulus measures at this week’s meeting, while a lower dollar supported trading. The most active gold contract for December delivery gained 3.1 dollars, or 0.18 percent, to settle at [...]
Philippine Inflation Rate as Seen by Bangko Sentral ng Pilipinas
by Joan Santiago The Bangko Sentral ng Pilipinas (BSP) continue to see within target inflation for this year and the next but it is on the look-out for volatility in market sentiment given the current domestic and external developments. “Our current runs still show within target full year averages over the policy horizon (2012-13),” BSP [...]
Philippines Exports Sugar to USA
By Lilybeth G. Ison The Sugar Regulatory Administration (SRA) said Friday it will deliver the second shipment of 36,899.35 metric tons raw value (MTRV) sugar under the United States Tariff Quota Scheme by mid-August of this year. The Philippines was given an additional volume of 72,373.65 MTRV for quota year 2011-2012 above the traditional quota [...]
Inflation Rate of the Philippines Down
The Philippines inflation rate fell to 2.8 percent in June from 2.9 percent in May, the National Statistics Office (NSO) reported on Thursday. “The downtrend was brought about by the slower annual increments posted in the indices of alcoholic beverages and tobacco; housing, water, electricity, gas, and other fuels; transport; and recreation and culture,” the [...]
Interest rates on term RRPs, RPs, and special deposit accounts (SDAs)
At its meeting today, the Monetary Board decided to reduce the BSP’s key policy interest rates by 25 basis points to 4.25 percent for the overnight borrowing or reverse repurchase (RRP) facility and 6.25 percent for the overnight lending or repurchase (RP) facility, effective immediately. The interest rates on term RRPs, RPs, and special deposit [...]
Bangko Sentral Keeps Key Policy Rate at 4 Percent
At its meeting today, the Monetary Board decided to keep the BSP’s key policy rates at 4 percent for the overnight borrowing or reverse repurchase (RRP) facility and 6 percent for the overnight lending or repurchase (RP) facility. The interest rates on term RRPs, RPs, and special deposit accounts (SDAs) were also maintained accordingly. The [...]
Inflation Rate of the Philippines
By Joann Santiago The Bangko Sentral ng Pilipinas (BSP) expects drop in oil prices that might o result in slower inflation rate this month, but cautions that hike in utility rates and fare increases might push inflation higher. BSP Governor Amando Tetangco Jr., in a text message to reporters Friday, projects inflation to stay within [...]
World Trade Policy Review (TPR) of the Philippines
The World Trade Policy Review (TPR) of the Philippines concluded last week in Geneva, Switzerland with WTO members commending the country’s steady economic growth during the Review period even if the world economy had been dragged down by the global financial crisis. The WTO Secretariat Report noted that the Philippine economy has performed well since [...]