Page 8 - Nicholas Mapa News Today

NET foreign direct investments (FDI) plunged in March, the Bangko Sentral ng Pilipinas reported on Tuesday, dropping by 30.7 percent to $548 million from $792 million a year earlier.

The BSP has now fulfilled its commitment to bring down the RRR for big banks to single digit level by 2023.

Aris Dacanay, economist for ASEAN at HSBC, said the further easing of inflation to a 12-month low of 6.1 percent in May from 6.6 percent in April keeps the policy rate outlook unchanged

* May headline inflation at 6.1% vs 6.6% in April * Core inflation eases to 7.7% from 7.9% in April * C.bank ready to adjust policy when necessary ... | 09:12pm

Economists believe the inflation downtrend will give the Bangko Sentral ng Pilipinas more space for a longer pause that may see key policy rates on hold until next year.

The country’s inflation rate eased for the fourth straight month in May due to slower increases in transport and food prices, the Philippine Statistics Authority said.

Economists believe inflation further cooled for the fourth straight month in May from an eight-month low of 6.6 percent in April, giving monetary authorities more space to keep interest rates steady.

Tribune.net.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.net.ph Daily Mail and Mail on Sunday newspapers.

Indonesia's central bank left its benchmark rate unchanged for the fourth consecutive meeting on Thursday, as inflation moved closer to the target. The Board of Governors of Bank Indonesia, led by Governor Perry Warjiyo, decided to hold the seven-day reverse repo rate at 5.

BSP holds key rate at 6.25%, after 425 bps hikes BSP lowers 2023, 2024 inflation forecasts Likely pause in next two to three meetings - governor Cut in