Advertisement
PHP 外匯新聞
Philippine Economy Grows At Slowest Pace Since 2021
The Philippine economy grew at the weakest pace since early 2021 as the war in the Middle-east and corruption scandals weighed on investment and spending, official data showed Friday. Gross domestic product expanded 2.3 percent year-on-year in the second quarter, marking the slowest rate since the first quarter of 2021, the Philippine Statistics Authority said.
RTTNews
|
34天前
Philippine Central Bank Hikes Rates By 25 Bps
The Philippine central bank lifted its key interest rates by 25 basis points on Thursday to control inflation expectations and mitigate the risk of second-round effects. The Monetary Board of the Bangko Sentral ng Pilipinas decided to lift the reverse repurchase rate by 25 basis points to 4.75 percent. The interest rates on the overnight deposit and lending facilities were adjusted.
RTTNews
|
84天前
Philippine Economy Logs Slowest Growth In 5 Years
The Philippine economy expanded at the slowest pace in five years in the first quarter amid declining investment, weaker household spending and exports. Gross domestic product grew 2.8 percent on a yearly basis in the first quarter, the Philippine Statistics Authority said Thursday. This followed a 3.0 percent expansion seen in the fourth quarter and marked the weakest expansion since the first q
RTTNews
|
126天前
Philippine Central Bank Cuts Rates To Boost Growth
The Philippines' central bank decided to cut the policy rates by 25 basis points on Thursday as economic growth undershot expectations on weaker domestic demand. The Monetary Board decided to reduce the Bangko Sentral ng Pilipinas' target reverse repurchase rate by 25 basis points to 4.25 percent. Accordingly, the interest rates on the overnight deposit and lending facilities were adjusted.
RTTNews
|
204天前
Philippine Economy Logs Weakest Growth Since Pandemic
The Philippine economy registered its weakest growth since the COVID-19 pandemic, official data revealed on Thursday. Gross domestic product grew only 3.0 percent on a yearly basis in the fourth quarter of 2025, the Philippine Statistics Authority said. This was the weakest performance since the first quarter of 2021, when GDP was down 3.8 percent.
RTTNews
|
225天前
Philippine GDP Growth Worst Since 2021
The Philippines' economic growth hit the worst since 2021 as natural calamities and probes on government infrastructure spending weighed on sentiment and domestic activity. Gross domestic product registered an annual growth of 4.0 percent in the third quarter after rising 5.5 percent in the preceding quarter, the Philippine Statistics Authority said Friday.
RTTNews
|
308天前
Philippine Central Bank Cuts Rate Unexpectedly
The Philippines' central bank unexpectedly reduced its key interest rates by 25 basis points on Thursday, for the fourth time this year and signaled further reduction to support economic growth. The Monetary Board of the Bangko Sentral ng Pilipinas, headed by Governor Eli Remolona, decided to reduce the policy rate by 25 basis points to 4.75 percent. The bank was expected to hold the rate at 5.0
RTTNews
|
336天前
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
|
448天前
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
|
490天前
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
|
518天前
