Bongbong Marcos Says He’s Losing Sleep Because Of Inflation

Bongbong Marcos

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 Says PBBM Orders Continuation Of Support To Most Vulnerable Sectors

President Bongbong Marcos

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 Says Inflation Could Hit 7.9% This Month

BSP

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 Says BSP Policy Rate “Still Accommodative”

BSP Governor Felipe Medalla

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

Benjamin Diokno Says President Bongbong Marcos’ Disbelief At 6.1% June Inflation “Misunderstood”

Finance Secretary Benjamin Diokno

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

BSP Says Inflation For June 2022 May Peak At 6.5%

BSP

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