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Monetary Board raises forecast inflation a notch higher but keeps policy settings unchanged
The policy-making Monetary Board of the Bangko Sentral ng Pilipinas (BSP) on Monday held its benchmark interest rate, also known as target reverse repurchase (RRP) rate at 6.50 percent for the fourth time in a series, meeting market expectations.
Moody’s unit projects volatile near-term inflation across Ph
Inflation, or the rate of change in prices, is projected to range around the 4 percent mark in the second quarter this year, according to experts such as those from the analytics arm of the credit watcher Moody's Investors Service.
PAL projects bouncy air travel this year with 18 million passengers taking to the skies
The Philippine Airlines (PAL) projects flying more or less 18 million passengers this year on the basis of air travel proving more bubbly than in 2023. It projects passenger volume rising as high as 20 percent.
NG foreign currency deposits push end-March GIR to $104 billion
The country’s gross international reserves (GIR), an indicator of capacity to pay for maturing foreign currency obligations, based on preliminary data, rose to USD104 billion as of end-March 2024 from the end-February 2024 level of USD102. billion.
NG debt rise in February to P15.18 trillion on domestic borrowing
The National Government (NG) posted outstanding debt of P15.18 trillion at the end of February, higher by P388.51 billion from January due mainly from fresh domestic debt issuances.
