ADB: More BSP hikes may support peso
The ADB expects the BSP to maintain a gradual tightening bias, with further interest rate hikes potentially supporting the peso amid record-low levels,…
· 2 MIN READ
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Latest Daily Tribune news and analysis on depreciation.
The ADB expects the BSP to maintain a gradual tightening bias, with further interest rate hikes potentially supporting the peso amid record-low levels,…
· 2 MIN READ
Further interest rate hikes from the Bangko Sentral ng Pilipinas (BSP) may support the Philippine peso, which has slumped to record lows more than 25 times…
· 2 MIN READ
The tension between that resilience and the grim headline numbers traces back to one source – oil.
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Investors are increasingly concerned about the inflationary impact of surging oil prices and a weaker currency; the PSEi decline extended the market’s pullback…
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The peso on Friday weakened 14.5 centavos, or 0.23 percent, to a fresh record low of P62.68 per US dollar – its 24th record low since the onset of the Middle…
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Diversifying exports and attracting manufacturing investment is a decade-long project, but every year Manila delays starting it is another year the peso stays…
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The peso’s recent depreciation may indicate that further tightening from the Bangko Sentral ng Pilipinas (BSP) might be warranted as the Philippine economy…
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Governor Remolona was not talking about the Filipino on the street but rather the Filipino as an aggregate representation of the country’s consumers and firms.
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Filipinos don’t need Remolona’s lecture on humility. We need paychecks that survive contact with the grocery, the rent and the tricycle ride.
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The Philippine peso’s recent depreciation has largely followed foreign exchange market dynamics, according to ASEAN+3 Macroeconomic Research Office (AMRO)…
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The local currency has hit record lows 12 times since the escalation of the Middle East conflict at the beginning of March. Before tensions intensified, the…
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The broader economic downturn the Philippines is currently experiencing may trigger spillover effects in the real estate market, according to property…
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The peso weakened 3 centavos or 0.05 percent to P61.815 per US dollar on Wednesday, briefly touching a new record intraday high of P61.995 as investors reacted…
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The Philippine Stock Exchange Index (PSEi) slipped 18.31 points, or 0.30 percent, to close at 6,135.35 on Friday, while the peso weakened to P60.775 per US…
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‘We expect the BSP to hike the policy rate by 50 bps to 5.0 percent from 4.5 percent, as elevated inflation remains the key policy concern despite softer…
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Philippine conglomerates face roughly P1.6 trillion — about $26 billion — in debt obligations maturing between 2027 and 2029.
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‘The slower inflation print reduces the urgency for an off-cycle rate hike in the near term. However, a substantial increase in the policy rate at the next…
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