Tag: rate
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June jobless rate falls to lowest in two decades
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THE UNEMPLOYMENT RATE in June fell to 3.1%, the lowest in two decades, as hiring in the construction sector surged, the Philippine Statistics Authority (PSA) reported on Wednesday. Preliminary data from the Philippine Statistics Authority (PSA) showed the jobless rate slipped from 4.1% in May and 4.5% in June 2023.…
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DoF to wait for rate cuts before borrowing abroad
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THE PHILIPPINE government will wait for rate cuts from the US Federal Reserve and Bangko Sentral ng Pilipinas (BSP) before its planned external borrowings next year, according to the Finance chief.
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Rate cuts to spur fundraising in 2nd half
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FIRMS’ fundraising and lending activities are seen to surge in the second half of this year amid the expected easing by the Bangko Sentral ng Pilipinas (BSP).
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‘Larger-than-expected’ rate cuts likely — Nomura
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THE BANGKO SENTRAL ng Pilipinas (BPS) may deliver “larger-than-expected” rate cuts, with the possibility of up to 250 basis points (bps) worth of reductions until 2025, Nomura Global Markets Research said. “Compared to our baseline, risks are skewed towards more easing in the Philippines and Thailand, less easing in India,”…
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PHL jobless rate hits 4-month high
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THE PHILIPPINE jobless rate climbed to a four-month high in May while the quality of jobs improved to its best level since 2005, the Philippine Statistics Authority (PSA) reported on Monday.
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BSP still hints at rate cut in August
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A POSSIBLE BREACH in the inflation target this month will not derail the Bangko Sentral ng Pilipinas’ (BSP) planned rate cut by August, its top official said.
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BSP stands pat, signals rate cut in Aug.
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THE BANGKO SENTRAL ng Pilipinas (BSP) kept interest rates steady for a sixth straight meeting on Thursday but signaled that a rate cut at its next meeting in August is “somewhat more likely than before,” with up to 50 basis points (bps) in easing likely this year.
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BSP rate cuts unlikely this year — ANZ
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THERE IS NO ROOM for the Bangko Sentral ng Pilipinas (BSP) to cut rates this year as inflation may still potentially breach the target, ANZ Research said. “Rate cuts in Indonesia and the Philippines are also not on the table this year… In the Philippines, inflation though receding, is still…
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Rate cut probably after Fed — Recto
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THE BANGKO SENTRAL ng Pilipinas (BSP) will probably cut its policy rate after the US Federal Reserve, which has signaled it may start easing as late as December.
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Peso slump could derail rate cuts
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THE PESO WEAKNESS could impact the Bangko Sentral ng Pilipinas’ (BSP) policy easing cycle even after inflation has settled within target for a sixth straight month in May, analysts said.