BSP Sees Inflation Accelerating, Breaching Target

BSP

BSP: “Inflation would average between 4.4 and 4.7 percent under the worst-case scenario” BSP — The Bangko Sentral ng Pilipinas sees inflation accelerating and breaching the 2% to 4% target under a worst-case scenario. According to BSP Governor Benjamin Diokno, inflation may accelerate from 4.4% to 4.7% if Dubai crude oil reaches USD 120 to … Read more

2019-nCoV Fallout Pushes Central Banks To Cut Rates, Says Analyst

Analyst

ING Bank analyst on Friday said that a 2019 novel coronavirus posed a drag on the global economy, giving central banks — including the Philippines — room to cut interest rates. This, as the world commodity prices will remain “depressed” because of weak demand from China, according to ING Bank analyst Nicholas Antonio Mapa. He … Read more