Stocks up, peso down after Fed hike
Local stocks and the peso posted contrasting finish on Thursday after another jumbo rate hike by the US Federal Reserve.
Source: philstar.com
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Economists unfazed by weak peso
Economists are not worried too much about the rapid depreciation of the peso vis-à-vis the US dollar as they think the central bank has more than enough reserves to cushion the local currency’s current weakness. In a virtual forum hosted by Ayala Group and University of the Philippines’ School of
Source: mb.com.ph
BSP surprises with massive rate hike to choke off rapid inflation
The Bangko Sentral ng Pilipinas hiked its key rate by massive 75 basis points at an emergency meeting on Thursday, in a bid to rein in rapid inflation and arrest the peso’s slump.
Source: philstar.com
Interest rates could reach 4% by end 2022
Central bank officials strongly hinted of future interest rate hikes in the next four Monetary Board policy meetings to temper an unabated rising inflation, while analysts expect an end-2022 key rate of four percent from the current 3.25 percent, which means another 75 basis points (bps) rate hike i
Source: mb.com.ph
Peso closes near 55 as BSP stays dovish
The Philippine peso on Friday finished trading a hair's breadth away from the P55-per-dollar level.
Source: philstar.com