Page 3 - Jun Neri News Today

Most economists expect inflation to ease for the second consecutive month in March, but are convinced it remained above eight percent or double the higher end of the two to four percent target range of the Bangko Sentral ng Pilipinas.

Economists believe the Bangko Sentral ng Pilipinas is not yet done with its tightening cycle despite a downshift to a smaller 25-basis-point hike last Thursday.

As expected, the Bangko Sentral ng Pilipinas dialed down its tightening cycle as it delivered a smaller 25-basis-point increase amid easing, but persistent price pressures.

Economists are expecting a smaller rate hike by the Bangko Sentral ng Pilipinas this month as inflation stayed below nine percent after easing to 8.6 percent in February from 8.7 percent in January.

Most economists believe inflation remained elevated, but stayed below nine percent in February after accelerating to a fresh 14-year high of 8.7 percent in January.

The latest reading settled above the 50-benchmark separating growth from contraction.

Kia Philippines celebrates its 4th anniversary as a wholly-owned subsidiary of the Ayala Corporation, and for achieving the highest growth rate in the Asia Pacific region.

Kia managed to outpace the growth of the Philippine auto industry in 2022.

MANILA, Philippines — The Bangko Sentral ng Pilipinas is not ruling out another surprise supply shock after inflation blew past expectations to hit a fresh 14-year high of 8.7 percent in January from 8.1 percent in December.

The stronger-than-target economic growth last year gives the Bangko Sentral ng Pilipinas more space to further tighten its policy this year as inflation remains well above the government’s two to four percent target range, according to economists.