Sidhi, Feb 16: At least 18 people, including seven women, died while 20 others went missing after a bus fell off a bridge into a canal near Patna village in Madhya Pradesh's Sidhi district on Tuesday morning, police said.
Philippines Seen Settling In for Long Rate Pause: Decision Guide
Feb 11 2021, 5:12 AM
February 11 2021, 2:30 AM
February 11 2021, 5:12 AM
(Bloomberg) The Philippine central bank is set to leave its key interest rate unchanged Thursday, in what could be an extended rate pause amid a recession and quickening inflation.
(Bloomberg) The Philippine central bank is set to leave its key interest rate unchanged Thursday, in what could be an extended rate pause amid a recession and quickening inflation.
Bangko Sentral ng Pilipinas will keep the benchmark rate at 2% on Thursday for a second straight meeting, according to all 19 economists surveyed by Bloomberg. In January, Governor Benjamin Diokno signaled a âlong pauseâ on that front, saying interest rates were likely to remain at their current level for at least two more quarters.
Japan’s economy clocked another quarter of double-digit growth and finished the pandemic year in better shape than initially expected, signalling the potential for a more sure-footed recovery once a damaging state of emergency ends.
6:22 PM MYT
The central bank is weighing the risk of tightening too early with the recession expected to last into this quarter while remaining on guard against price pressures. - Reuters
MANILA (Bloomberg): The Philippine central bank held its benchmark interest rate at a record low for a second straight meeting to boost an economy that remains in recession and with inflationary pressures starting to mount.
Bangko Sentral ng Pilipinas left the benchmark rate at 2% Thursday, as predicted by all 19 analysts in a Bloomberg survey. The bank significantly raised its inflation forecast for the year to 4% from the 3.2% it predicted in December but said supply problems driving up food costs were transitory.
(Bloomberg) South Korea’s jobless rate climbed to the highest since 1999 in January as the country kept tight restrictions in place to rein in local coronavirus outbreaks.
The unemployment rate jumped to 5.4% in January from a revised 4.