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Philippines Exports YoY
Exports make for approximately a third of GDP in the Philippines. Electronic products (42%), other manufactured goods (10%), and woodcrafts and furniture (6%) are the top exports. Additionally, the Philippines is the world's leading producer of coconut, pineapple, and abaca. Japan (21%), the United States (15%), China (12%), and Hong Kong (8%) are the Philippines' primary export partners.
A higher than expected figure should be seen as positive (bullish) for the PHP while a lower than expected figure should be seen as negative (bearish) for the PHP.
News (PHP)
Philippine Central Bank Cuts Interest Rate On Slowing Inflation
The Philippine central bank lowered its policy rate for the second time this year as the outlook for inflation moderated. The Monetary Board of the Bangko Sentral ng Pilipinas decided to reduce the policy rate by 25 basis points to 5.25 percent. Previously, the bank had reduced the rate by a quarter-point in April.
RTTNews | 16 days ago
Philippine Economy Expands Less Than Forecast
The Philippine economy logged a weaker-than-expected growth at the start of the year on lower net exports even ahead of the implementation of trade tariffs, official data showed on Thursday. Gross domestic product grew 5.4 percent year-on-year in the first quarter, which was slightly faster than the 5.3 percent rise in the preceding period, the Philippine Statistics Authority reported.
RTTNews | 58 days ago
Philippine Central Bank Trims Key Rates By 25 Bps
The Philippine central bank resumed its policy easing on Thursday, by cutting the rates by a quarter-point to address the challenges posed by trade tariffs. The Monetary Board of the Bangko Sentral ng Pilipinas decided to reduce the Target Reverse Repurchase rate by 25 basis points to 5.50 percent. The interest rates on the overnight deposit and lending facilities were accordingly reduced.
RTTNews | 85 days ago
