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INFLATION is expected to show a decline in October, analysts said, but the country's economic growth will remain weak due to a continued slowdown in the overall economy.
LOWER prices of food such as rice may have tamed inflation in October, according to the Bangko Sentral ng Pilipinas (BSP). The BSP said it now projects that October 2023 inflation will settle within the range of 5.1 to 5.9 percent. This is slower than the 6.1 percent inflation recorded in September 2023. “Lower prices
INFLATION is expected to drop in October to as low as 5.1 percent, the Bangko Sentral ng Pilipinas (BSP) said on Wednesday, due to factors such as lower prices of rice, meat and vegetables, as well as the reduction in the prices of petroleum products.
The national government failed to raise its intended amount from the Treasury Bills (T-bills) auction on Tuesday after the recent off-cycle decision of the Monetary Board raised key policy rates to a new 16-year high, according to the Bureau of the Treasury (BTr). The government only raised P12.75 billion out of the P15 billion it
The Monetary Board of the Bangko Sentral ng Pilipinas has decided to raise its policy rate by 25 basis points effective Friday, Oct. 27, 2023, in a bid to tame inflation. The interest rate for loans is now at 6.5 percent. This is typically done in response to unexpected economic developments or crises to address issues like inflation, currency stability, or financial market disruptions.