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U.S. stocks rise ahead of key economic data

NEW YORK, March 28 (Xinhua) U.S. stocks climbed on Monday as Wall Street is awaiting a slew of key economic readings. The Dow Jones Industrial Average rose 9 ....

Wall Street , Dow Jones Industrial Average , Nasdaq Composite Index ,

Hourly labour costs ranged from €7 to €47 in EU in 2021 | Economy

In 2021, average hourly labour costs in the whole economy (see methodological note) were estimated to be €29.1 in the EU and €32.8 in the euro area, up compared with €28.6 and €32.4, respectively, in 2020. ....

Hain 2021 , Verage Hourly Labour Costs In The Whole Economy See Methodological Note Were Estimated To Be 29 1 Eu And 32 8 Euro Area , P Compared With 28 6 And 32 4 , Un 2020 ,

BTr fully-awards 10-year T-bond

MANILA - The Bureau of the Treasury's (BTr) auction committee fully awarded the PHP35 billion 10-year Treasury bond (T-bond) offering on Tuesday amidst the uptick in interest rate. The average rate of the debt paper rose to 6.092 percent from 5.093 percent previously. Total tenders reached PHP57.915 billion. "Markets remain defensive following increasing UST (US Treasury) rates with more aggressive tone from Fed(deral Reserve) ," National Treasurer Rosalia de Leon told journalist in a Viber message. Despite the higher rate in this week's auction, de Leon said the debt paper's yield is not comparable to its rate last month "when (the) landscape is much different than today." She said the "market reacted to higher inflation forecast for 2022 from BSP (Bangko Sentral ng Pilipinas)." This, after the central bank's policy-making Monetary Board (MB) hiked last week the BSP's average inflation forecast for this year to 4.3 percent, higher than ....

Bangko Sentral , Bureau Of The Treasury Btr , Treasurer Rosalia De Leon , Monetary Board , Manila The Bureau Of Treasury 39s Btr Auction Committee Fully Awarded Php35 Billion 10 Year Bondt Bond Offering On Tuesday Amidst Uptick In Interest Rate Average Debt Paper Rose To 6 092 Percent From 5 093 Previously Total Tenders Reached Php57 915 Quot Markets Remain Defensive Following Increasing Ust Us Rates With More Aggressive Tone Fed Deral Reserve , Uot National Treasurer Rosalia De Leon Told Journalist Ina Viber Message Despite The Higher Rate In This Week 39s Auction , E Leon Said The Debt Paper 39s Yield Is Not Comparable To Its Rate Last Month Quot When Landscape Much Different Than Today She Market Reacted Higher Inflation Forecast For 2022 From Bsp Bangko Sentral Ng Pilipinas This , Fter The Central Bank 39s Policy Making Monetary Board Mb Hiked Last Week Bsp Average Inflation Forecast For This Year To 4 3 Percent , Igher Than The Government 39s 2 4 Percent Target Band , Nd The 2023 Projection To 3 6 Percent Due Upticks In Oil And Commodity Prices International Market These Figures Were At 7 For 2022 , Uring The Mb 39s Rate Setting Meeting Last February Pna ,

2 Comelec depts to determine sanctions vs. debate skippers

Comelec Commissioner George Erwin Garcia (Screengrab from Laging Handa briefing) MANILA - The Commission on Elections (Comelec) is bent on imposing additional penalties, based on what is provided under the law to those who fail to attend its presidential and vice presidential debates. "We referred to the Law Department and EID (Education and Information Department) and asked them to submit what other sanctions can be imposed on those who do not attend our debates especially if there is no proper reason," Commissioner George Erwin Garcia said in a Laging Handa briefing on Monday. Garcia added that they are still discussing whether or not to make some adjustments regarding the next presidential debate. "It will be done on April 3. We will talk about whether there is a need to adjust. A big issue is what else can we add sanctions to those who do not attend the debates. Again because it is voluntary, not obligatory, because there is no existing law, it is very difficult for ....

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BSP key rates steady despite hikes in inflation forecasts

BSP Governor Benjamin Diokno MANILA - The Bangko Sentral ng Pilipinas' (BSP) policy-making Monetary Board (MB) on Thursday kept the central bank's key policy rates despite the upward adjustments in the average inflation forecasts for this and next year. Thus, the central bank's overnight reverse repurchase (RRP) rate is still at record low 2 percent, the overnight lending rate is at 2.5 percent, and the overnight deposit rate is at 1.5 percent. In a virtual briefing on Thursday, BSP Governor Benjamin Diokno said the latest average inflation forecast for this year was hiked to 4.3 percent, higher than the government's 2-4 percent target band, and the 2023 projection was changed to 3.6 percent. These were at 3.7 percent and 3.3 percent for 2022 and 2023, respectively, during the MB meeting last February. Diokno attributed the hikes in the inflation forecasts to upticks of commodity prices in the international market. "Inflation expectations have likewise risen but co ....

United Arab Emirates , Benjamin Diokno , Bangko Sentral , Francisco Dakila Jr , Monetary Board , Governor Francisco Dakila , Bsp Governor Benjamin Diokno Manila The Bangko Sentral Ng Pilipinas 39 Policy Making Monetary Board Mb On Thursday Kept Central Bank 39s Key Rates Despite Upward Adjustments In Average Inflation Forecasts For This And Next Year Thus , He Central Bank 39s Overnight Reverse Repurchase Rrp Rate Is Still At Record Low 2 Percent , He Overnight Lending Rate Is At 2 5 Percent , Nd The Overnight Deposit Rate Is At 1 5 Percent Ina Virtual Briefing On Thursday , Sp Governor Benjamin Diokno Said The Latest Average Inflation Forecast For This Year Was Hiked To 4 3 Percent , Igher Than The Government 39s 2 4 Percent Target Band , Nd The 2023 Projection Was Changed To 3 6 Percent These Were At 7 And For 2022 , Uring The Mb Meeting Last February Diokno Attributed Hikes In Inflation Forecasts To Upticks Of Commodity Prices International Market Quot Expectations Have Likewise Risen But Continue Be Anchored 2 4 Percent Target Band , Uot He Said Amidst These Developments , Iokno Said Quot The Balance Of Risks To Outlook Remain Broadly Balanced For 2023 He Domestic Inflation Pressures Are Driven By Supply Issues On Pork And Fish Potential Impact Higher Oil Prices Transportation Fares In This Regard , He Bsp Supports The Implementation Of Social Protection Measures To Alleviate Impact Rising Crude Oil Prices On Vulnerable Sectors Sustained Initiatives Ensure Adequate Domestic Food Supply Could Also Mitigate Further Side Pressures Inflation , Uot He Said Diokno Further Downside Risks To The Rate Of Price Increases Come From Threat Coronavirus Disease 2019 Covid 19 Cases And Emergence New Variants , Hich Is Expected To Hamper Global Economic Recovery And May Result In Implementation Of New Movement Restrictions He Said The Mb Also Noted That Domestic Economy Activities Continue Gain Ground Following Easing Quot However , Eightened Geopolitical Tensions Anda Resurgence In Covid 19 Infections Some Countries Have Also Clouded The Outlook For Global Economic Growth Supply Chain Disruptions Could Contribute To Inflationary Pressures , Nd Thus Warrant Closer Monitoring To Enable Timely Intervention In Order Arrest Potential Second Round Effects , Uot He Added With These Factors , Iokno Said The Mb Quot Sees Scope To Maintain Bsp 39s Policy Settings In Order Safeguard Momentum Of Economic Recovery Amid Increased Uncertainty , Ven As It Continues To Develop Its Plans For The Gradual Normalization Of Extraordinary Liquidity Measures Quot Given Potential Broadening Price Pressures Over Near Term , He Bsp Stands Ready To Respond The Buildup In Inflation Pressures That Can Disanchor Expectations , N Keeping With Its Price And Financial Stability Objectives ,