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 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 | 24 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 | 92 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 | 168 days ago
