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Bangko Sentral's Diokno says to 'go slow' on interest rate cuts this year

Michelle Ong, ABS-CBN News
Updated as of Jan 27 10:08 AM

The central bank has "a lot of room" to unwind the 175-basis point interest rate hike from 2018, Diokno said, ahead of the monetary board's first meeting for the year on Feb. 6. Read more »

PH misses 2019 GDP target | Dissecting Data

ABS-CBN News
Posted at Jan 23 05:35 PM

The Philippines narrowly missed its growth target for 2019. Bruce Rodriguez reveals areas of weakness for the economy in this edition of Dissecting Data. Read more »

Philippine GDP grows 6.4 percent in fourth quarter

ABS-CBN News
Updated as of Jan 23 12:47 PM

Gross domestic product expanded 6.4 percent in the fourth quarter compared to the revised 6 percent in the third quarter and the 6.4 percent median forecast of 22 economists in a Bloomberg poll.  Read more »

PH shares subdued ahead of Q4 2019 GDP data

ABS-CBN News
Posted at Jan 23 12:20 AM

Regulatory concerns continued to weigh on Philippine shares, closing flat on Wednesday. Read more »

Economic growth in Q3 2019 lower than earlier reported: statistics agency

ABS-CBN News
Posted at Jan 22 03:20 PM

Gross domestic product grew 6 percent in the quarter ended September, from the previous report of 6.2 percent. This would require at least a 6.8 percent expansion in the fourth quarter to meet the low end of the government's 6 to 7 percent goal for the entire 2019. Read more »

Philippine economic growth revs up as Taal Volcano looms

Jessica Fenol and Joel Guinto, ABS-CBN News
Updated as of Jan 21 10:59 AM

Gross domestic product likely grew 6.4 percent in the last 3 months of 2019, according to the median forecast of 22 economists in a Bloomberg poll. Socioeconomic Planning Secretary Ernesto Pernia gave a 6.6 percent forecast, compared to the 6.2 percent expansion posted in the previous quarter. Read more »

Manila's 'significant' gains vs poverty must translate to inclusive growth: IMF

Cathy Yang, ABS-CBN News
Posted at Jan 17 03:26 PM

Manila must ensure that poverty alleviation efforts are "targeted" rather than depending on effects of social programs to "naturally go down," said Changyong Rhee, director of the IMF's Asia and Pacific Department. Read more »

Duterte signs 2020 national budget into law

ABS-CBN News
Updated as of Jan 07 08:59 AM

President Rodrigo Duterte on Monday signed into law the 2020 national budget, averting a repeat of last year's delay that slowed economic growth. Read more »

Your money or your life: Can nations prosper by putting well-being before GDP in 2020?

Rina Chandran, Thomson Reuters Foundation
Posted at Jan 02 11:42 AM

With protests from Chile to Hong Kong last year over widening inequality, violence against women, and climate change, more policymakers and campaigners started to openly debate potential shifts away from an economic model that relies on growth. Read more »

Philippines trims growth target, inflation forecast for 2019

ABS-CBN News
Updated as of Dec 11 02:48 PM

The 2019 gross domestic product growth target was set to 6 to 6.5 percent, the Development Budget Coordinating Committee said in statement. It was set previously at 6 to 7 percent, according to Bloomberg. Read more »

Bangko Sentral pauses interest rate cuts

ABS-CBN News
Posted at Nov 14 04:08 PM

The overnight borrowing rate, used by banks to price loans was kept at 4 percent. The Monetary Board last cut the benchmark by 25 basis points last Sept. 26, for a total of 75 basis points this year. Read more »

Economic growth momentum rests on budget passage: analyst

ABS-CBN News
Updated as of Nov 11 12:52 PM

Gross domestic product grew 6.2 percent in the third quarter, on the back of a recovery in government spending that was weight down by the delayed approval of the 2019 budget. Read more »

'On a roll': Malacañang upbeat with country's GDP growth rebound in Q3

ABS-CBN News
Posted at Nov 07 09:27 PM

Malacañang on Thursday said it was 'pleased' with the country's gross domestic product (GDP) in the third quarter, which grew 6.2 percent in the July to September period. Read more »

GDP growth rebounds in Q3 as gov't revs up spending

ABS-CBN News and Reuters
Updated as of Nov 07 10:42 AM

Separate polls by Bloomberg and Reuters both gave a median forecast of 6 percent growth for the July to September period. Read more »

Bangko Sentral ends interest rate, reserve requirement cutting for 2019

ABS-CBN News
Updated as of Nov 04 02:55 PM

The central bank will "pause for a while" after slashing the benchmark interest rate by 75 basis points, bringing it to 4 percent, and reducing the reserve requirement ratio for banks to 14 percent, Diokno told ANC. Read more »

Bangko Sentral seen to pause rate cuts for 'extended period'

ABS-CBN News
Updated as of Oct 25 03:32 PM

The BSP slashed the overnight borrowing rate by a total 75 basis points, bringing it to 4 percent. The last of 3 25-point cuts was announced last Sept. 26. Read more »

Diokno says 2020 inflation risks tilt to 'upside' due to swine fever, oil

ABS-CBN News
Updated as of Oct 25 11:37 AM

For the rest of 2019, Diokno said inflation would stay within the "lower half" of the BSP's 2 to 4 percent target.  Read more »

Bangko Sentral cuts interest rates for third time this year

ABS-CBN News
Updated as of Sep 26 07:36 PM

The Bangko Sentral ng Pilipinas cut the benchmark interest rate on Thursday amid expectations of cooling inflation slowing growth. Read more »

PH growth to finish 'strong' this year as state spending recovers: ING

ABS-CBN News
Posted at Aug 16 12:18 PM

Of the P1.69 billion that was released by the the Department of Budget and Management as of end July, 93 percent or P1.57 billion was utilized, compared to 73 percent utilization during the same period in 2018, ING Bank economist Nicholas Mapa said. Read more »

Interest rate cut seen to help 'jumpstart' growth: economist

ABS-CBN News
Posted at Aug 12 10:30 AM

Investors are expecting a 100-basis point cut in the reserve ratio requirement for banks after the BSP cut the benchmark lending rate by 25 basis points, said Security Bank chief economist Robert Dan Roces. Read more »