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BSP: Inflation could slow to below 2% this quarter

INFLATION could settle below the official full-year target this quarter as food and oil prices ease, BSP Governor Benjamin E. Diokno told reporters on Tuesday, citing “base effects” due to multi-year-high rates last year.

Inflation eases in Q2, seen slowing further

THE BANGKO SENTRAL ng Pilipinas (BSP) said inflation settled at the midpoint of its target band in the second quarter, driven by improved domestic food supply conditions.

Inflation slowest in almost two years in June

INFLATION eased in June to post its slowest reading in almost two years, the Philippine Statistics Authority (PSA) reported on Friday, giving more room for the central bank to continue loosening monetary policy.

Central bank expects inflation to have resumed slowdown this month

HEADLINE INFLATION this month — to be reported on July 5 — likely slowed from a year ago and from May amid lower rice prices, an electricity rate reduction and a stronger peso that made imports cheaper, the Bangko Sentral ng Pilipinas (BSP) Department of Economic Research said in an e-mail on Friday.

A consumption-driven economy

Consumer spending has traditionally been the driving force behind the growth of the Philippine economy in recent years, with households contributing majority of aggregate...

Financial markets outlook positive as inflation eases, in line with expectations

THE FURTHER EASING in domestic inflation buoyed investor sentiment for much of the first quarter this year even as upside risks — mostly from the external front — remain.

Bank economists see within-target inflation until 2021

BANK ECONOMISTS expect inflation to remain broadly within target this year and until 2021 amid downward pressures to the outlook, according to results of a recent central bank survey.

Risks to inflation “evenly balanced”

INFLATION RISKS are seen “evenly balanced” this year, even with the rise in prices expected to settle firmly within the government’s target, the Bangko Sentral ng Pilipinas (BSP) said.

March inflation below expectation, gives BSP policy space

INFLATION further eased for the fifth straight month in March, the Philippine Statistics Authority (PSA) reported, lending support to the central bank’s view that price increases will ease this year even as officials signaled caution against swift plans to cut policy rates.

Inflation expected to have slowed further this month

THE OVERALL INCREASE in prices of widely used goods likely eased further this month as lower prices of rice and other produce offset increases of fuel and electricity costs, the Bangko Sentral ng Pilipinas (BSP) Department of Economic Research announced on Friday.

Rate-hike patience may cost Fed if inflation softens

FEDERAL RESERVE officials say they’re willing to tolerate an overshoot of their inflation goal. If the opposite happens, the plan is less clear.

Inflation continues to decelerate in February

The increase in the prices of widely used goods continued to ease in February, the government reported this morning. Preliminary data from the Philippine Statistics...

Official inflation target kept at 2-4% till 2022

STATE ECONOMIC MANAGERS are keeping their 2-4% inflation target until 2022, as the overall increase in prices of widely used goods is expected to moderate further.

Inflation for low-income households eases further in January

INFLATION, as experienced by low-income households, was lower in January as prices of food and utilities eased further, the Philippine Statistics Authority (PSA) reported on Friday.

Inflation eases further in January

INFLATION continued to decelerate in January, the government reported this morning.

No Inflation, No Cry: Jamaica turns to reggae to promote target

AT A TIME when inflation targets have eluded the central banks of major emerging markets like Turkey and Argentina, Jamaica has turned to an unorthodox method of communicating its consumer price policy: reggae.

Lower headline inflation seen to cause decline in market interest rates...

LOWER INFLATION will trigger a similar decline in bond yields this year, analysts at First Metro Investment Corp. (FMIC) said, together with expected rate cuts from the central bank.

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December inflation slowest in seven months

THE OVERALL year-on-year increase in prices of widely used goods eased for the second straight month in December by its slowest pace in seven months, the Philippine Statistics Authority reported on Friday, giving the central bank room to consider the impact of its next monetary policy moves on economic growth.

Inflation likely eased in December — BSP

INFLATION likely eased further in December, the Bangko Sentral ng Pilipinas (BSP) said, with the rate possibly settling at the five percent level given lower fuel and rice prices.

Economists see RRR cuts as inflation eases

THE CENTRAL BANK may now proceed with planned cuts in bank reserves next year as inflation is sure to go down, bank analysts said.

Inflation seen staying above target next year

INFLATION will likely remain above target in 2019, a global bank said, which will prompt further rate hikes from the Bangko Sentral ng Pilipinas (BSP) to keep local yields competitive.

Inflation among poor households up 9.5% in October

INFLATION, as experienced by low income households, stood at 9.5% in October, driven by sharp price upticks in food and utilities, the government reported on Friday.

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NEDA official downplays inflation impact of election spending

INFLATIONARY PRESSURES from election-related spending in 2019 will likely be muted, the National Economic and Development Authority (NEDA) said.

Bank economists flag upside inflation risks

BANK ECONOMISTS expect inflation to remain elevated during the last three months of 2018, with some noting that prices may surge faster by yearend.

Inflation may fall below 4% in 2019 — BSP

INFLATION could “revert more quickly” to below four percent next year given non-monetary interventions to boost food supply coupled with sound policy actions from the Bangko Sentral ng Pilipinas (BSP), a senior official said.

Inflation hits fresh 9-year high in Sept

INFLATION surged anew in September to a fresh nine-year high as the strong typhoon which hit last month worsened supply issues for rice and other crops, spurring calls for further interest rate hikes from the central bank.

BSP sees Sept inflation at 6.8%

THE BANGKO Sentral ng Pilipinas (BSP) expects inflation to have further accelerated in September, due to higher oil and food prices, it said in a statement on Friday.

NEDA backs state of calamity declaration in typhoon-ravaged areas

THE National Economic Development Authority (NEDA) backed the declaration of a state of calamity in regions affected by typhoon Ompong, as it would allow authorities to impose price ceilings on basic goods to help soften inflation in hard-hit areas.

No reason to panic over inflation, economic managers say

ECONOMIC managers said current inflationary conditions do not amount to a “major” crisis and added that they are confident that an Executive Order expected in the next few weeks will stabilize prices by next month.

Inflation storm brewing

FILIPINOS queuing for hours to buy cheap rice from the government. Families eating fewer meals a day to save money. Locals venting their anger against President Rodrigo R. Duterte on social media.

PCCI sees inflation curbed with quick action on agri

THE business lobby said inflation can be kept in check with changes to agricultural policy, particularly with long-term reforms to address systemic production shortfalls in the sugar, rice and fishing industries.

Health care inflation seen topping 13% in 2018

INFLATION in health care costs will remain in the double digits in 2018, driven by non-communicable diseases, an international employee benefits firm said.

Inflation to remain above 6% until Oct — Nomura

INFLATION is seen to remain above 6% until October, bolstering expectations of more rate hikes from the central bank, economists from Nomura said.

Inflation thrusts Philippines to epicenter of EM crisis in Asia

PHILIPPINE stocks and the peso led declines in Asia after Wednesday’s jump in inflation coincided with an intensifying emerging-market (EM) sell-off, and Jefferies Hong Kong Ltd. downgraded the nation’s equities.

Senators call for measures to ease inflation

SENATORS on Thursday called on the government to implement measures to counter inflation, which rose to 6.4% in August.

Credit Suisse expects BSP to raise rates by 50 base points

Financial services firm Credit Suisse said the local central bank needs to hike its interest rates by 50 basis points (bp) to dampen inflation...

August inflation fastest in nearly a decade

HEADLINE INFLATION in August caught state economic managers and financial markets by surprise, shooting up to its fastest clip in almost a decade, according to official data the Philippine Statistics Authority (PSA) released on Wednesday.

Peso weakens to fresh record low against dolllar

The peso weakened against the dollar to its fresh 12-year low on Wednesday, Sept. 5, following the faster-than-expected August inflation print. The local currency ended...

Increase in consumer prices fastest in almost ten years — PSA

Inflation in August shot up to its fastest pace in almost a decade, according to the government's latest data released this morning. Data from the...