Philippine Inflation Rate as of September 2012
By Joann Villanueva The Bangko Sentral ng Pilipinas projects inflation to hover between 3.4 and 4.3 percent for September 2012 with the higher end up from month-ago’s level due to oil price volatility. BSP Governor Amando Tetangco Jr., in a text message to reporters Thursday, said the forecast for the rate of price increases in [...]
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 ng Pilipinas Borrowing Rate
At its meeting today, the Monetary Board decided to reduce the BSP’s key policy interest rates by 25 basis points to 4.0 percent for the overnight borrowing or reverse repurchase (RRP) facility and 6.0 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 [...]
IMF Forecast on Asian Economy
By Joann Santiago MANILA, April 17 (PNA) – The International Monetary Fund (IMF) lowered its growth projection for ASEAN-5, which includes the Philippines, for 2012 on account of sustained drop in external demand but sees improvement for 2013. In the Chapter 2 of IMF’s World Economic Outlook (WEO) released Tuesday, the multilateral lender cut its [...]
Philippine economy is likely to grow 4.2 percent in 2012
The World Bank on Tuesday said the Philippine economy is likely to grow 4.2 percent next year due to the full recovery of public spending and exports. In its latest Philippines Quarterly Update, the Washington-based lender said the country’s gross domestic product (GDP) is projected to grow 4.2 percent next year from an earlier forecast [...]
Philippine Economy 2011 Forecast
The country’s economic managers were able to steer the Philippine economy very well this year, and it might continue next year, Malacanang said on Wednesday allaying fears of a possible spill over of the European debt crisis. In a press briefing on Wednesday, Presidential Spokesman Edwin Lacierda said that the country’s fiscal situation remains strong [...]