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Incoming DTI chief Alfredo Pascual will have a lot on his plate

Art Fuentes, ABS-CBN News
Posted at Jun 30 02:33 PM

With consumers already reeling from the steep hikes in the prices of basic goods, and manufacturers begging for even more price increases as input costs continue to spike, the next head of the DTI will have his work cut out for him. Read more »

Central bank chiefs meet to discuss inflation challenge

Agence France-Presse
Posted at Jun 27 03:46 PM

Central bank chiefs and economists gather Monday evening to discuss the best approach to the inflationary challenges exacerbated by Russia's invasion of Ukraine. Read more »

Central banks must act quickly on inflation, warns BIS

Nathalie Olof-Ors, Agence France-Presse
Posted at Jun 26 09:40 PM

BIS, considered the central bank of central banks, said institutions will have to move swiftly to ensure a return to low and stable inflation, while limiting the impact on growth. Read more »

Stocks dive, peso weakens ahead of BSP rate meeting

ABS-CBN News
Posted at Jun 22 05:16 PM

Philippine stocks took a beating for the second straight day, and the peso lost further ground a day ahead of the rate-setting meeting of the Bangko Sentral ng Pilipinas. Read more »

Oil prices plunge more than 5 pct on recession fears

Agence France-Presse
Posted at Jun 22 04:56 PM

Oil prices plunged more than five percent Wednesday as traders grow increasingly worried that demand for the commodity will take a hit from a possible recession. Read more »

Diokno says 7 pct growth possible despite uncertainties

Jekki Pascual, ABS-CBN News
Posted at Jun 21 07:31 PM

Outgoing BSP Governor Benjamin Diokno the Philippines’ gross domestic product can grow 7 percent this year despite the uncertainties hounding the global economy. Read more »

BSP may hike rates by 50 bps after Fed move: BPI

ABS-CBN News
Posted at Jun 16 03:33 PM

BPI said a very narrow gap between US and Philippine interest rates will likely exert more pressure on the peso, which will eventually translate to more inflation. Read more »

ECB to end stimulus in prelude to rate hikes

Sebastien Ash, Agence France-Presse
Posted at Jun 06 12:19 PM

The European Central Bank is set to draw a line under its massive bond-buying stimulus program at a meeting in Amsterdam on Thursday, as inflation in the eurozone soars to all-time highs. Read more »

BSP says higher GDP growth seen in Q2

Warren De Guzman, ABS-CBN News
Posted at May 19 06:02 PM

The Philippine economy in the second quarter could breach the higher-than-expected 8.3 percent expansion in the previous quarter, the BSP said. Read more »

BSP says difficult to keep rates low amid inflation

Warren de Guzman, ABS-CBN News
Posted at May 18 07:20 PM

A day before the BSP decides on whether to adjust or hold interest rates steady, the head of the central bank hinted that it was getting harder to keep rates low. Read more »

Malaysia central bank hikes interest rate to tame inflation

Agence France-Presse
Posted at May 11 10:05 PM

Malaysia's central bank raised its key interest rate on Wednesday for the first time since 2020, in a surprise move aimed at taming inflation. Read more »

Fed to raise rates 'expeditiously' to cool economy: official

Agence France-Presse
Posted at May 10 09:02 PM

The US central bank has the right tools and will act quickly to cool the economy and bring down "unacceptably high" inflation, a senior Federal Reserve official said Tuesday. Read more »

Nikkei index down over 2 pct on worries over US monetary tightening

Kyodo News
Posted at May 09 05:09 PM

Tokyo stocks ended sharply lower Monday, with the benchmark Nikkei dropping over 2 percent, amid worries over further monetary policy tightening in the United States. Read more »

Turkey inflation spirals to nearly 70 percent in April

Fulya Ozerkan, Agence France-Presse
Posted at May 05 06:02 PM

Erdogan insists that sharp cuts in interest rates are needed to bring down soaring consumer prices, flying in the face of economic orthodoxy. Read more »

Bank lending grows an annual 8.9 percent in March

ABS-CBN News
Posted at May 04 09:51 PM

Bank lending grew 8.9 percent year-on-year in March, the Bangko Sentral ng Pilipinas said on Wednesday. Read more »

Australia hikes interest rates for first time since 2010

Andrew Beatty, Agence France-Presse
Posted at May 03 01:26 PM

Australia's central bank raised interest rates for the first time in more than a decade on Tuesday, a pre-election hike designed to curb soaring consumer prices. Read more »

Ukraine war set to push record US inflation even higher

Chris Stein, Agence France-Presse
Posted at Apr 12 08:17 PM

US government data will on Tuesday likely confirm what many Americans already suspected: prices continued to rise at record rates last month. Read more »

Global stocks dip on Fed tightening, China prices

Agence France-Presse
Posted at Apr 11 06:11 PM

Asian stocks posted losses on Monday as unease lingered over tightening monetary policy by the Fed and rising prices in China. Read more »

Oil prices jump on worries over possible inflation surge

Agence France-Presse
Updated as of Mar 24 08:11 AM

Oil prices rallied Wednesday, adding to soaring inflation concerns, while stock markets diverged. Read more »

Diokno says Fed hike no immediate effect on PH rates

Jekki Pascual, ABS-CBN News
Updated as of Mar 18 08:08 AM

A week before the central bank’s next policy-setting meeting, the BSP said the Fed’s rate hike is only one of several factors that Philippine policymakers look at. Read more »