Page 3 - ஹோல்டிங்ஸ் ப்ல் இல் ஹாங் காங் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Haunted by 2008, China and US diverge on stimulus plans
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Philippine CPI Breaks Central Bank s Forecast in Test to Policy
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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.
Feb 05 2021, 7:48 AM
February 04 2021, 2:30 AM
February 05 2021, 7:48 AM
(Bloomberg) Most economists expect Indiaâs central bank will hold interest rates for a fourth straight meeting this week as attention turns to how itâll react to an expansionary budget and a massive government debt plan.
(Bloomberg) Most economists expect Indiaâs central bank will hold interest rates for a fourth straight meeting this week as attention turns to how itâll react to an expansionary budget and a massive government debt plan.
Finance Minister Nirmala Sitharamanâs annual budget on Feb. 1 emphasized spending to revive growth in an economy hurt by the coronavirus pandemic. That would give some comfort to the Reserve Bank of India, which did most of the heavy lifting in the past year through 115 basis points of interest-rate cuts and ensuring liquidity in the financial system.
Most economists expect India’s central bank will hold interest rates for a fourth straight meeting this week as attention turns to how it’ll react to an expansionary budget and a massive government debt plan.
Finance Minister Nirmala Sitharaman’s annual budget on Feb. 1 emphasized spending to revive growth in an economy hurt by the coronavirus pandemic. That would give some comfort to the Reserve Bank of India, which did most of the heavy lifting in the past year through 115 basis points of interest-rate cuts and ensuring liquidity in the financial system.
The benchmark repurchase rate will be maintained at 4 per cent Friday, according to 24 of the 32 economists in a Bloomberg survey as of Wednesday, although cooling inflation has stoked expectations for a rate cut. Five of those surveyed expect a 25 basis-point cut and two predict a sharp 50 basis-point reduction.
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