Ogie Diaz is not in favor of giving P1K “ayuda” to Filipino households OGIE DIAZ – The talent manager/vlogger took to social media wherein he expressed his opposition to the proposed P1000 “ayuda” to Filipino households. Inflation, the rate at which prices of goods and services rise over time, can have several negative effects on … Read more
President Bongbong Marcos: “Yan ang problema ko na hindi nagpapatulog sa akin eh, yung inflation eh…” BONGBONG MARCOS – President Ferdinand “Bongbong” Marcos Jr. said that he’s losing sleep because of the Philippines’ inflation rate. The President sat down with the Philippine Broadcast Media for a special interview at the Presidential Broadcast Studio in Malacañan … Read more
Malacañang: “This will be part of government’s key response to rising inflation even as we continue to build on climate action and food security” MALACAÑANG — The Palace said that President Ferdinand “Bongbong” Marcos Jr. has ordered the continuation of support to the most vulnerable sectors through the distribution of cash transfers and fuel discounts … Read more
BSP: “The BSP will continue to monitor closely emerging price developments” BSP — The Bangko Sentral ng Pilipinas said that inflation could surpass 13-year highs this month given the higher commodity prices during the month. On Monday, the central bank projects inflation to settle within the 7.1% to 7.9% range this month, higher than the … Read more
Medalla: “Despite the normalization of policy settings, our policy rate is still accommodative” BSP Governor Felipe Medalla said that the central bank’s policy rate is “still accommodative” despite the normalization of policy settings. According to him, interest rate environment that still has some room for adjustment as the Bangko Sentral ng Pilipinas (BSP) pledged to … Read more
BSP: “The inflation target remains at risk over the policy horizon owing to broadening price pressures.” BSP — On Thursday, the Bangko Sentral ng Pilipinas said that the Monetary Board decided to hike policy rates by 50 basis points (bps) effective August 19. As such, the overnight deposit facility has increased to 3.25%, the overnight … Read more
The BSP chief said that the inflation print for July “raises the probability of a 50 basis points rate hike rather than 25 basis points.” BSP — Bangko Sentral ng Pilipinas Governor Felipe Medalla said that the inflation print for July raised the possibility of a 50 bps (basis points) rate hike in the Monetary … Read more
Finance Secretary Benjamin Diokno: “[T]he President’s disbelief at the 6.1% June 2022 inflation rate figure was misunderstood.” BENJAMIN DIOKNO — The Finance Secretary said that President Ferdinand “Bongbong” Marcos Jr.’s disbelief at the 6.1% June inflation rate figure was “misunderstood”. The President appeared to have cast doubt on the report of the Philippine Statistics Authority … Read more
Inflation for the month of June 2022 may peak at 6.5%, according to BSP. BSP — The Bangko Sentral ng Pilipinas said that inflation for the month of June 2022 could hit a high of 6.5% on the back of a weak Philippine Peso versus the United States Dollar and persistent high food prices. On … Read more
BSP hikes its policy rates by 25 basis points amidst quickening inflation. BSP — The Bangko Sentral ng Pilipinas raised its key policy rates by 25 basis points to 2.25% amidst quickening inflation. The Bangko Sentral ng Pilipinas followed other central banks around the world which have also raised interest rates in an attempt to … Read more
