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PHP Berita Forex
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.
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15 hari yang lalu
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
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43 hari yang lalu
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.
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155 hari yang lalu
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.
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197 hari yang lalu
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.
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225 hari yang lalu
Philippine Central Bank Unexpectedly Retains Policy Rates
The Philippine central bank unexpectedly left its interest rates unchanged after cutting it for three straight times amid heightened uncertainty over US trade policy. The Monetary Board of the Bangko Sentral ng Pilipinas decided to hold the target reverse repurchase rate at 5.75 percent. The interest rates on the overnight deposit and lending facilities were kept unchanged.
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282 hari yang lalu
Philippine GDP Expands Less Than Forecast
The Philippine economy expanded at a slower than expected pace in the fourth quarter as severe storms damped farm output and geopolitical tensions weighed on manufacturing, official data showed on Thursday. Consequently, the economy missed its full year official growth target in 2024. Gross domestic product grew 5.2 percent year-on-year in the fourth quarter, the same pace as in the third quarter.
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296 hari yang lalu
Philippines Cuts Policy Rate To 5.75%
The Philippine central bank decided to reduce its benchmark rate by 25 basis points on Thursday as inflation is projected to remain within the target range and, hinted at further policy easing next year. The Monetary Board of the Bangko Sentral ng Pilipinas lowered the target reverse repurchase rate to 5.75 percent from 6.00 percent.
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338 hari yang lalu
Philippine Central Bank Lowers Key Rates By 25 Bps
The Philippine central bank reduced its benchmark rates by 25 basis points for the second straight meeting on Wednesday, as inflation remained low. The Monetary Board of the Bangko Sentral ng Pilipinas lowered the target reverse repurchase rate to 6.00 percent from 6.25 percent. The interest rates on the overnight deposit and lending facilities were accordingly adjusted.
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402 hari yang lalu
Philippine Central Bank Lowers Rate For First Time Since 2020
The Philippine central bank unexpectedly lowered its benchmark rates for the first time in nearly four years and hinted at more easing amid well-anchored inflation expectations. The monetary board of the Bangko Sentral ng Pilipinas reduced the target reserve repurchase rate by 25 basis points to 6.25 percent. Markets were expecting a hold.
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464 hari yang lalu
