Philippines Consumer Confidence
5000 homes in the Philippines participate in the Consumer Expectations Survey, with approximately 50% of those homes located in the national capital region of Metro Manila, according to the survey. Overall economic conditions, household finances, and household income are all addressed in the survey's four questions. The indicator is calculated by subtracting the percentage of companies that respond favorably from the percentage of companies that respond negatively. The index ranges between -100 and 100, a positive value suggests a positive viewpoint, a negative value indicates a loss of faith, and a zero value represents a neutral viewpoint.
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.
Ziņas (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 | 72 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 | 114 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 | 142 days ago
