Page 4 - Monetary Board News Today

THE International Monetary Fund (IMF) believes Asian central banks, like the Bangko Sentral ng Pilipinas (BSP), would be better aided in their monetary policymaking by tracking domestic demand than following in the footsteps of the US Federal Reserve. In a briefing on Tuesday, IMF Asia and Pacific Department Director Krishna…

THE growth in Southeast Asia tourism  is projected to slow down this year with inflation making vacations more costly and an anticipated weakening in Chinese arrivals. In its latest analysis, Oxford Economics noted tourist arrivals in the Association of Southeast Nations (Asean)-6, which includes Singapore, Malaysia, Thailand, Vietnam, Indonesia and the Philippines,…

RISING food and energy costs, along with a weaker peso, may have driven inflation past the 2.0- to 4.0-percent target last month, the Bangko Sentral ng Pilipinas (BSP) said.

Guatemala City, Apr 28 (Prensa Latina) The Bank of Guatemala (Banguat) today projects a 5% growth in exports for 2024, which represents a recovery from last year's 9.4 percent drop.

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THE Bangko Sentral ng Pilipinas (BSP) is ready to address foreign exchange volatility amid pressures from a strong dollar, its top official said.

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THE country’s economic growth will likely disappoint given the El Niño phenomenon and rising inflation, according to analysts of the US-based Global Source Partners think tank. In an economic brief, Global Source Partners analysts Diwa Guinigundo and Wilhelmina Manalac said the country’s growth may be lower than the 6 to…

The decision of the Court of Appeals (CA) to halt the commercial release of genetically modified (GM) crops could adversely affect the country’s efforts to fight malnutrition, according to a member of the Monetary Board (MB). MB Member V. Bruce J. Tolentino, who was a former Deputy Director General of…

HIGHER-FOR-LONGER interest rates and current geopolitical risks that threaten to cause a spike in oil and food prices are not enough reasons for the national government to give up on its growth targets this year, according to the country’s chief economist. Socioeconomic Planning Secretary Arsenio M. Balisacan noted the optimism…