Page 7 - Jun Neri News Today

Here’s how this major central bank action will affect Filipinos amid the pandemic.

Inflation is threatening to derail a nascent recovery as high prices crimp consumer spending.

Economists believe the Bangko Sentral ng Pilipinas could deliver aggressive rate hikes amid quickening inflation, as well as the continued interest rate liftoff by the US Federal Reserve.

Inflation likely accelerated in March and breached the upper end of the two to four percent target set by the Bangko Sentral ng Pilipinas, according to economists.

Local manufacturing output sped past expectations in March, posting its best finish in three years.

The Philippines is bound to witness more dollar outflows this year as high oil prices weigh heavily on the country’s import bill.

Bank lending started the year on a high note as it continued its nascent climb.

The countrys unemployment situation fared better in 2021 compared to the height of the pandemic in 2020.

This was the ninth straight month that factory output grew.

Analysts attributes the subdued reading to rebasing of consumer price index (CPI) used to measure inflation.