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The country’s inflation rate may slow substantially for November due to moderating prices combined with what the central bank described as “negative base effects” since this month’s level is being compared to the same period last year when prices were surging.
The Philippine central bank kept its policy rate at a record low this week, maintaining support for the pandemic-hit economy even as it warned of risks to inflation next year.
The Philippine central bank held its key interest rate steady for an eighth straight meeting to help support the economy that’s now picking up steam.
BORACAY (Reuters): The Philippine central bank kept its policy rate at a record low on Thursday (Nov 18), maintaining support for the pandemic-hit economy even as it warned of risks to inflation next year.
The Philippine central bank can keep its accommodative monetary policy stance, Governor Benjamin Diokno said Sunday, ahead of the Nov. 18 policy rate meeting.
The paper says the next Philippine administration to take over has to prioritise measures to attract more foreign investments.
MANILA: Most South-East Asian yield curves have flattened in recent months in tandem with a similar move in US Treasuries. The Philippines is an outlier.
MANILA (Philippine Daily Inquirer/Asia News Network): Filipino entrepreneurs who have adopted electronic payment systems are now even more productive, efficient and competitive thanks to the new quick reaction (QR) code system that makes person-to-merchant transactions easier.
Foreign direct investment (FDI) net inflows into the Philippines grew by 52.0 per cent to reach US$1.3 billion in July compared with the amount recorded a year earlier, the Philippine central bank said on Monday.