Philippines Inflation Rate YoY
Food and non-alcoholic beverages accounting for 39% of the total weight in the Consumer Price Index) followed by housing, water, electricity, gas, and other fuels (which account for 22% of total weight), and transportation (which account for 8%) are the most significant categories in the Consumer Price Index In the Philippines. Other categories are included in the index such as health (3%), education (3%), clothing and footwear (3%), communication (2%), and recreation and culture (2%). The remaining 15% is made up of alcoholic beverages, tobacco, furniture, home equipment, restaurants, and other products and services.
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 Holds Rate Steady
The Philippine central bank maintained its benchmark interest rate for the fourth consecutive meeting despite the rising inflation expectations. The Monetary Board governed by Eli Remolona, maintained the target reverse repurchase rate at 6.50 percent, as widely expected. Previously, the bank had raised the rate by a quarter-point in October.
RTTNews | 16 days ago
Philippine GDP Expands More Than Forecast
The Philippine economy expanded more than expected in the fourth quarter driven by investment and household spending but the full year growth missed the government target. Economic growth moderated to 5.6 percent in the fourth quarter from 6.0 percent in the preceding period. However, this was better than the expected expansion of 5.2 percent.
RTTNews | 85 days ago
Philippine Central Bank Keeps Rate Unchanged
The Bangko Sentral ng Pilipinas kept its policy rates untouched on Thursday after an off-cycle rate hike in October and hinted at more tightening if required to steer inflation towards a target-consistent path. The Monetary Board, led by Governor Eli Remolona, maintained the target reverse repurchase rate at 6.50 percent.
RTTNews | 160 days ago
