Eased inflation, Wall St rally pull market up

Credit to Author: Faye Almazan| Date: Tue, 06 Apr 2021 16:27:42 +0000

THE eased inflation rate last month and Wall Street’s overnight rally furthered the local bourse’s gains on Tuesday. The benchmark Philippine Stock Exchange index rose 1.46 percent, or 94.96 points, to its intraday high of 6,590.11, while the wider All Shares climbed 1.41 percent, or 55.54 points, to end at 4,003. Philstocks Financial Inc. research […]

Read more

March inflation eases to 4.5%

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Tue, 06 Apr 2021 02:34:06 +0000

THE Philippines posted its slowest headline inflation rate in two months last March, softening to 4.5 percent, as price growth of food and non-alcoholic beverages decelerated, the Philippine Statistics Authority (PSA) reported on Tuesday. The figure declined from February’s 4.7 percent, but still faster from a year ago’s 2.5 percent. It was still within the […]

Read more

BSP sees inflation at over 2-yr high

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Wed, 31 Mar 2021 16:15:55 +0000

The country’s headline inflation rate likely stayed at an over two-year high of 4.7 percent in March, the Bangko Sentral ng Pilipinas (BSP) estimated on Wednesday. In a statement, BSP Governor Benjamin Diokno said March’s point inflation forecast was within the central bank’s 4.2- to 5.0-percent projected range for the month. The outlook matched the […]

Read more

BSP: Feb inflation to hit over 2-yr high

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Fri, 26 Feb 2021 16:51:30 +0000

The country’s headline inflation could have picked up to 4.7 percent this month on higher global oil and fish prices, the Bangko Sentral ng Pilipinas (BSP) projected on Friday. In a statement, BSP Governor Benjamin Diokno said February’s point inflation estimate was within the central bank’s 4.3- to 5.1-percent forecast range. The outlook was faster […]

Read more

‘PH inflation rising to uncomfortable levels’

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Thu, 04 Feb 2021 16:21:14 +0000

Banking giant HSBC expects the country’s inflation to continue accelerating this year on growing upside pressures. In a report on Thursday, HSBC economist Noelan Arbis said consumer price growth “is rising to uncomfortable levels once again” after beating projections in the last two months on higher food prices. Headline inflation picked up from 2.5 percent […]

Read more

Coronavirus still main risk to inflation – BSP

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Tue, 05 Jan 2021 16:24:24 +0000

Uncertainties caused by the Covid-19 crisis still pose downside risks to the country’s inflation, the Bangko Sentral ng Pilipinas (BSP) warned on Tuesday after consumer price growth spiked for the third straight month. In a Viber message, BSP Governor Benjamin Diokno told reporters the “overall balance of risks to future inflation continues to lean toward […]

Read more

Inflation likely down in December

Credit to Author: Anna Leah E. Gonzales| Date: Sun, 03 Jan 2021 16:18:00 +0000

Philippine headline inflation likely slowed down in December as lower electricity rates and a stronger peso offset the increase in food prices, analysts polled by The Manila Times said. Projections for the month ranged from 2.6 to 3.4 percent with a 3.1-percent average, lower than the 3.3 percent recorded in November last year but higher […]

Read more

Dec inflation to settle within 2.9-3.7%

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Tue, 29 Dec 2020 16:26:32 +0000

Higher oil and food prices, lower power rates, subdued rice prices, and a strong peso could have slowed the country’s headline inflation to 2.9 percent or picked up to 3.7 percent this month from 3.3 percent in November, the Bangko Sentral ng Pilipinas (BSP) said on Tuesday. “Higher prices of domestic petroleum products and key […]

Read more

BSP interest rates kept; inflation outlook raised

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Thu, 17 Dec 2020 16:28:56 +0000

The Bangko Sentral ng Pilipinas (BSP) kept its key interest rates steady on Thursday as monetary authorities still see the country’s inflation environment as benign. Overnight borrowing, lending and deposit rates remained at 2.00 percent, 1.50 percent and 2.50 percent, respectively, after the central bank’s policymaking Monetary Board held its eighth and last rate-setting policy […]

Read more

Profit taking halts PH shares’ advance

Credit to Author: Faye Almazan| Date: Fri, 04 Dec 2020 16:33:26 +0000

Another round of profit taking snapped the stock market’s three-day rally on Friday, but not enough to bump it out of the 7,100 territory. The bellwether Philippine Stock Exchange index (PSEi) fell by 0.83 percent or 59.57 points to close at 7,134.56 while the broader All Shares shed 0.53 percent or 22.88 points to finish […]

Read more