Philippine central bank governor sees room for further rate hike
MANILA (Reuters) – The Philippines central bank was still hawkish with monetary policy and saw further room for an interest rate hike, with a cut unlikely anytime soon, its governor said on…
Philippine central bank done with rate hikes; first cut seen in Q3 2024, same as Fed
By Anant Chandak BENGALURU (Reuters) – The Philippine central bank will leave its key interest rate unchanged at 6.50% for a second time on Thursday thanks to cooling inflation and an improving…
Philippine quake aftershocks force thousands to stay in evacuation centres
MANILA (Reuters) – Strong aftershocks from an earthquake that has killed at least three people and a new tremor in southern Philippines are forcing thousands of residents to stay in evacuation centres,…
Magnitude 6.4 earthquake in Philippine Islands region –GFZ
(Reuters) – A magnitude 6.4 earthquake struck the Philippine Islands region on Sunday, the German Research Centre for Geosciences said. The quake was 10 km below the Earth’s surface, GFZ said. (Reporting…
Philippine central bank stays on hold, maintains hawkish tone
By Neil Jerome Morales and Mikhail Flores MANILA (Reuters) – The Philippine central bank kept its policy rate steady at 6.5% on Thursday, as expected, warning that its fight with inflation was…
Philippine central bank likely to hold rates at 6.5% on Thurs, may hike again in Dec: Reuters poll
By Veronica Dudei Maia Khongwir BENGALURU (Reuters) – The Philippine central bank will keep its key interest rate unchanged at 6.50% on Thursday after an off-cycle 25 basis-point hike on Oct. 26,…
Philippine central bank to hold rates at 6.25%, cut in Q1 2024: Reuters poll
By Veronica Dudei Maia Khongwir BENGALURU (Reuters) – The Philippine central bank will leave its key interest rate unchanged at 6.25% for a third consecutive meeting on Thursday and keep it there…
Texas Instruments plans up to $1 billion investment to expand Philippine facilities
MANILA (Reuters) – Analog chipmaker Texas Instruments is planning to invest up to $1 billion to expand its Philippine facilities, the Southeast Asian nation’s presidential communications office said on Thursday. Texas Instruments…
Philippine leader says no promise made to China to remove grounded warship
By Karen Lema and Neil Jerome Morales MANILA (Reuters) – Philippine President Ferdinand Marcos Jr on Wednesday denied making an agreement with China to remove a grounded warship that serves as a…
Philippine central bank ready to resume policy tightening if needed
MANILA (Reuters) – The Philippine central bank is prepared to resume tightening monetary policy given that inflation remains a challenge, central bank officials said on Tuesday. Bangko Sentral ng Pilipinas (BSP) Deputy…
Philippine central bank on hold for rest of year, cut in early 2024: Reuters poll
By Veronica Dudei Maia Khongwir BENGALURU (Reuters) – The Philippine central bank will leave its key interest rate unchanged at 6.25% for a second straight meeting on Thursday and the remainder of…
US says Chinese coast guard harassing Philippine vessels
WASHINGTON (Reuters) -The United States urged China on Saturday to stop harassing Philippine vessels in the South China Sea, pledging to stand with the Philippines after another maritime confrontation between the two…
Philippine central bank: April annual inflation likely in 6.3%-7.1% range
MANILA (Reuters) – Philippine annual inflation in April was expected to come in between 6.3% and 7.1%, with downward pressure from lower electricity rates and a decline in prices of fish and…
U.S., Philippine forces sink mock enemy warship in their biggest war games yet
By Karen Lema SAN ANTONIO, Philippines (Reuters) – U.S. and Philippine armed forces unleashed a volley of missiles on a mock enemy warship in the South China Sea on Wednesday, in a…
Philippine central bank chief: ‘Dangerous’ to cut rates faster than Fed
MANILA (Reuters) – The Philippines’ central bank considers it “dangerous” to cut interest rates faster than a policy easing by the U.S. Federal Reserve, its governor said on Wednesday. While Philippine…
Philippine central bank signals pause in rate hikes in May
MANILA (Reuters) – The Philippines’ central bank could pause its interest rate- hiking cycle at its meeting next month due to easing inflation, its governor said on Wednesday. “We are probably pausing…
High Philippine inflation dents Marcos’ approval ratings
MANILA (Reuters) – Philippine President Ferdinand Marcos Jr’s approval ratings edged lower due to public dissatisfaction over his government’s handling of inflation, but he remains popular, an opinion poll showed on Wednesday.…
Philippine central bank may consider pausing rate rises if inflation slows
MANILA (Reuters) – The Philippine central bank may consider pausing its monetary tightening next month if April inflation does not accelerate, the bank’s governor said on Sunday. Bangko Sentral ng Pilipinas Governor…
Philippine Finance Minister: central bank has “probably done enough” to tackle inflation
MANILA (Reuters) – The Bangko Sentral ng Pilipinas (BSP) has “probably done enough” to tackle inflation, the country’s finance secretary said on Tuesday, in comments that may add weight to expectations the…
Philippine central bank: March annual inflation likely in 7.4%-8.2% range
MANILA (Reuters) – Philippine annual inflation in March was expected to come in between 7.4% and 8.2%, with downward pressure seen from lower prices of petroleum and some food items, the central…
Philippine minister says pause in rate rises likely at next bank meeting
MANILA (Reuters) – Philippines Finance Secretary Benjamin Diokno said on Sunday he believed that the central bank was leaning towards a pause in interest rate rises at its next monetary policy meeting…
Philippine central bank to raise rates 25 bps in March, 6.50% peak seen in Q2 – Reuters Poll
By Anant Chandak BENGALURU (Reuters) – The Philippine central bank will hike its main interest rate by a modest 25 basis points on Thursday, followed by another next quarter, making rates peak…
Philippine central bank revises 2023 current account projection
MANILA (Reuters) – The Philippine central bank said on Friday it expects a current account deficit of $17.1 billion for 2023, equivalent to 4% of gross domestic product, taking into account subdued…
Philippine central bank: local banking system remains safe and sound
MANILA (Reuters) – The Philippine central bank said on Friday that the local banking system remains safe and sound, amid concerns over the potential for contagion stemming from banking turmoil affecting some…
Philippine stock market opens after delay due to technical issue
MANILA (Reuters) – The Philippine stock market’s opening was delayed by half an hour on Wednesday because of a technical issue, the bourse operator said. Trading on the exchange was supposed to…
Philippine central bank sees Dec annual inflation at 7.8% to 8.6%
MANILA (Reuters) – Philippine inflation was likely within the 7.8% to 8.6% range in December because of upward pressures from higher electricity rates and agricultural commodities prices, the central bank said on…
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