Dollar reserves retreat as government paid foreign debts
The Philippines' gross international reserves settled at $99.3 billion as of end-February.
Source: philstar.com
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Bank lending softens in January as rate hikes take effect
Data showed this was the 18th straight month of loan growth despite the BSP’s aggressive interest rate actions. Month-on-month, credit stayed flat.
Source: philstar.com
Budget deficit narrows in 2022 but limited fiscal space remained
Data released by the Bureau of the Treasury on Wednesday showed that the budget deficit was trimmed by 3.35% year-on-year to P1.6 trillion in 2022 as revenues outpaced government spending. This was a better outturn compared to the P1.7 trillion budget gap recorded in 2021.
Source: philstar.com
2022 target at risk after FDIs softened in November
Foreign direct investments in the Philippines continued to soften in November, reducing the government’s chances of hitting its full-year target.
Source: philstar.com
A year before inflation worsened, agricultural loans hobbled in 2021
Data from the Bangko Sentral ng Pilipinas’ 2021 Countryside Bank Survey Baseline Report showed that the share of agricultural loans granted by banks amounted to 11-15% of total loans.
Source: philstar.com