interest-rate | ABS-CBN News

Experts see inflation reprieve in America

Julie Chabanas, Agence France-Presse
Posted at Aug 10 03:17 PM

Inflation data due to be released Wednesday is expected to show at least a partial cooling down of consumer prices and bring a breath of fresh air for US President Joe Biden just months before crucial midterm elections. Read more »

Medalla: Interest rate hikes stabilizing peso

Jessica Fenol, ABS-CBN News
Posted at Aug 05 05:16 PM

Interest rate hikes appear to be working in stabilizing the peso, BSP Governor Felipe Medalla said Friday. Read more »

India hikes interest rates to pre-pandemic level

Agence France-Presse
Posted at Aug 05 01:35 PM

India's central bank hiked interest rates for a third-consecutive time. Read more »

More rate hikes seen as prices stay elevated: Fitch Ratings

ABS-CBN News
Posted at Aug 05 12:12 PM

The BSP is likely to implement more interest rate hikes as prices remain on the rise, Fitch Ratings Director for APAC Banks Willie Tanoto said. Read more »

Inflation quickens further to 6.4 percent in July

ABS-CBN News
Updated as of Aug 05 02:18 PM

Inflation in July accelerated further to 6.4 percent due to higher transport costs, among others, the state statistics bureau said Friday. Read more »

Inflation-fighting BoE poised to unleash big rate hike

Roland Jackson, Agence France-Presse
Updated as of Aug 04 11:48 AM

The Bank of England is expected Thursday to follow other major central banks with an aggressive interest rate hike to tackle surging inflation. Read more »

Possible for US, EU to avoid recession: Fed official

Agence France-Presse
Posted at Aug 03 11:50 AM

The US and the European Union can avoid recession by bringing inflation down to an acceptable level, a US central bank official said. Read more »

Return of consumer confidence driving loan growth: BPI

Jessica Fenol, ABS-CBN News
Posted at Aug 01 06:56 PM

The reopening of the economy has fueled the return of consumer confidence as evidenced in loan growth and credit card spending, BPI said. Read more »

US recession fears deepen as economy contracts again

Heath Scott, Agence France-Presse
Posted at Jul 29 10:02 AM

The US economy contracted for a second straight quarter between April and June, according to official data, adding fuel to recession fears and creating a headache for President Joe Biden ahead of midterm elections. Read more »

BSP rate hike unlikely to hurt economy: BPI economist

Jessica Fenol, ABS-CBN News
Posted at Jul 28 02:47 PM

The recent hike in interest rates is unlikely to weigh down the country's economic growth, BPI lead economist Jun Neri said Thursday. Read more »

Fed attacks US inflation with another interest rate hike

Heather Scott, Agence France-Presse
Posted at Jul 28 08:30 AM

The US Federal Reserve on Wednesday again raised the benchmark interest rate by three-quarters of a percentage point in its ongoing battle to tamp down raging price pressures that are squeezing American families. Read more »

Medalla says policy rate supportive of economic growth; signals hike in August

Jessica Fenol, ABS-CBN News
Posted at Jul 26 11:02 AM

The robust Philippine economy can absorb the recent surprise increase in the benchmark interest rate, BSP Governor Felipe Medalla said. Read more »

ADB slashes Asia growth forecast as fuel, food prices rise

llison Jackson, Agence France-Presse
Posted at Jul 21 10:47 AM

The Asian Development Bank on Thursday slashed its 2022 growth forecast for developing Asia and warned economic conditions could worsen, as the war in Ukraine and supply chain disruptions drive up prices. Read more »

PH economy can grow by 8 pct in 2022: economist

ABS-CBN News
Updated as of Jul 20 12:03 PM

The Philippine economy could expand by 8 percent this year despite elevated inflation and higher interest rates, an economist said. Read more »

Another 100 bps rate hike unlikely to hurt economy: analyst

ABS-CBN News
Updated as of Jul 19 04:52 PM

Another 100-basis points interest rate hike is also unlikely to hurt the economic recovery, an analyst said Tuesday. Read more »

Confused on interest rate hike? Here's what it means

Jekki Pascual and Edson Guido, ABS-CBN News
Posted at Jul 15 04:00 PM

Higher interests in loans could discourage people to apply for loans, including housing, car loans or even credit card use. Read more »

BSP's surprise rate hike to address inflation, weakening peso: analyst

ABS-CBN News
Posted at Jul 15 11:28 AM

The central bank’s off-cycle 75-basis points interest rate hike could help address both the elevated inflation and depreciating peso, an analyst said Thursday. Read more »

US Fed official signals willingness to hike interest rates full percentage point

Heather Scott, Agence France-Presse
Posted at Jul 15 08:21 AM

US Federal Reserve Governor Christopher Waller signaled he may support a full percentage point interest rate hike this month -- the biggest increase in more than 30 years and a further indication of the central bank's determination to crush sky-high inflation. Read more »

BSP surprises as it hikes interest rate to 3.25%

ABS-CBN News
Posted at Jul 14 10:16 PM

In the Philippines, monetary authorities rushed to contain economic pressures through a sudden off-cycle interest rate hike. Read more »

Ano ang epekto ng pagtaas ng interest rates?

ABS-CBN News
Posted at Jul 14 07:51 PM

Inanunsiyo ng BSP ang pagtaas ng interest rates dahil sa pagtaas ng presyo ng mga bilihin. Ano ang epekto nito? Read more »