interest-rate | ABS-CBN News

Peso likely to fall further vs US dollar as Fed stays hawkish: analyst

ABS-CBN News
Posted at Sep 30 11:02 AM

The peso depreciation against the dollar is widely expected to continue as the US Federal Reserve indicated it would keep rates high, an analyst said. Read more »

Mexico announces another big inflation-fighting rate hike

Agence France-Presse
Posted at Sep 30 08:37 AM

The governing board's decision to raise the interbank rate by three-quarters of a percentage point to 9.25 percent was unanimous, the Bank of Mexico said. Read more »

PSEi dives 2.33 pct, analyst says fall likely to continue

ABS-CBN News
Posted at Sep 28 05:05 PM

The bloodbath at the Philippine Stock Exchange Index continued on Wednesday with the main index breaching the 6,000 support level and plunging 2.33 percent to 5,879.68. Read more »

Peso touches P59 intraday vs 'extremely strong' US dollar

ABS-CBN News
Updated as of Sep 28 05:29 PM

The Philippine peso breached the P59 level intraday before recovering and closing at P58.98 against the US dollar on Wednesday, according to data from the Bankers Association of the Philippines. Read more »

Morocco hikes interest rates to slow down inflation

Agence France-Presse
Posted at Sep 28 08:32 AM

The Bank Al-Magrib (BAM), after a board meeting, said the economy remains "deeply marked by the aftermath of the (coronavirus) pandemic and the implications of the war in Ukraine", especially higher energy and food prices as well as supply chain disruptions. Read more »

Dollar softens after rally but Asian stocks struggle to recover

ABS-CBN News
Posted at Sep 27 01:47 PM

The dollar lost a little of its strength Tuesday after starting the week by surging against major peers, including a record high versus the pound, though equity traders struggled to claw back recent losses owing to recession fears. Read more »

Market volatility, dollar rally seen to persist

ABS-CBN News
Posted at Sep 27 11:06 AM

Market volatility is seen to continue until the end of the year due to challenging global macro conditions. Read more »

Pound hits record low against dollar on recession fears

Agence France-Presse
Posted at Sep 26 11:09 AM

The pound plunged to a record low against the dollar on Monday as traders grow increasingly fearful of a deep UK recession after new finance minister Kwasi Kwarteng unveiled a controversial tax-cutting mini-budget. Read more »

Pound hits 37-year low as recession fears grow

Agence France-Presse
Posted at Sep 23 05:08 PM

The pound fell to a fresh 37-year low against the dollar Friday as traders grow increasingly worried about the economic outlook. Read more »

Peso weakens to new record low of P58.50 vs US dollar

ABS-CBN News
Updated as of Sep 23 06:27 PM

The Philippine peso fell to a new record low for the fourth straight day on Friday, closing at P58.50 against the US dollar. Read more »

Asian markets suffer further losses as central banks turn screws

Agence France-Presse
Posted at Sep 23 11:48 AM

Asian markets fell again Friday as part of a global sell-off fuelled by recession fears after central banks around the world ramped up interest rates to fight decades-high inflation. Read more »

Fiscal interventions sought vs inflation

ABS-CBN News
Posted at Sep 23 11:21 AM

Fiscal policy interventions are needed to arrest inflation and the weakening peso against the US dollar, economists said. Read more »

Peso may continue to shrink vs. dollar: economist

ABS-CBN News
Updated as of Sep 23 04:44 PM

The Philippine peso may shrink further against the US dollar, an economist said Friday. Read more »

Bank of England hikes rate again as UK enters recession

Roland Jackson, Agence France-Presse
Posted at Sep 22 09:20 PM

The Bank of England hiked its interest rate again on Thursday to combat soaring inflation as it warned that the UK's economy had already slipped into recession. Read more »

Japan central bank keeps ultralow rates, yen falls

Kyodo News
Posted at Sep 22 08:52 PM

The Bank of Japan on Thursday maintained its ultralow rate policy to support the pandemic-hit economy as widely expected. Read more »

Indonesia hikes rates for second straight month to stem inflation

ABS-CBN News
Posted at Sep 22 05:51 PM

Indonesia's central bank hiked its key interest rate for the second month in a row Thursday to combat rising inflation stoked by fuel prices and the war in Ukraine. Read more »

Philippine peso sinks to new record low of P58.49 to $1

ABS-CBN News
Posted at Sep 22 04:40 PM

The Philippine peso fell to yet another record low against the US dollar, following the US Federal Reserve's latest big time rate hike. Read more »

BSP raises key rate by 50 basis points after Fed hike

ABS-CBN News
Updated as of Sep 22 07:18 PM

The Bangko Sentral ng Pilipinas on Thursday raised its policy rate by 50 basis points hours after the US Federal Reserve announced another aggressive rate hike. Read more »

Dollar breaks 145 yen after Bank of Japan keeps loose policy

Agence France-Presse
Updated as of Sep 22 02:26 PM

The US dollar hit a fresh 24-year high against the Japanese yen on Thursday, breaking through the 145 level after Japan's central bank left its ultra-loose monetary policy unchanged. Read more »

BSP seen to have room to tame inflation despite weak peso

ABS-CBN News
Posted at Sep 22 12:26 PM

The Bangko Sentral ng Pilipinas has room to cool down inflation despite the continued peso depreciation against the dollar. Read more »