The Philippine peso is trading precariously close to its all-time low against the US dollar.
This is driven by the nation’s central bank signaling a potential policy shift toward looser monetary policy. The dovish pivot comes amidst a fragile economic recovery and persistent inflation. The current strong US dollar environment is also putting pressure on the peso and most currencies worldwide.
The central bank chief also hinted at the possibility of cutting the key interest rate this year by as much as 50 basis points, depending on incoming data. He indicated that the first cut may happen in the third quarter, followed by another in the subsequent quarter.Remolona further emphasized the BSP’s focus on domestic economic data rather than solely following the Fed’s lead. “We don’t care that much when the Fed cuts,” he told reporters last Wednesday. “We care more about our data.
Filipino carriers Philippine Airlines and Cebu Pacific grounded almost 20 aircraft in the first five months of the year, feeling...
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
PH, India navies to hold exercise in West PH SeaThe joint maritime exercise between the Philippine and Indian navies is set to be conducted in the West Philippine Sea (WPS), the Philippine Navy said.
Baca lebih lajut »
Constantino edges Villacencio in playoff to defend Ladies Villamor Philippine Masters crownHarmie Constantino continued her impressive streak at the Villamor Golf Club, reinforcing her status as the top player on the Ladies Philippine Golf Tour by successfully defending her ICTSI Ladies Villamor Philippine Masters crown.
Baca lebih lajut »
Sofitel Philippine Plaza Manila to close down after almost five decadesDefining the News
Baca lebih lajut »
Sofitel Philippine Plaza Manila to close its doors this JulyThe luxury hotel in Pasay City is about to undergo renovations
Baca lebih lajut »
![[In This Economy] Is the Philippine economy stable?](https://i.headtopics.com/images/2024/5/10/rapplerdotcom/in-this-economy-is-the-philippine-economy-stable-in-this-economy-is-the-philippine-economy-stable-A9572CAD31AA82937C2DC57CAC064A17.webp?w=640)
[In This Economy] Is the Philippine economy stable?Inflation has experienced wild swings of late, growth has been anemic, underemployment rate is still high, wages are still stagnant, the debt continues to balloon in earnest.
Baca lebih lajut »
Hoffman resets Philippine women's 400m hurdles recordLauren Hoffman fell short from her vow of making the Olympic standard but did just enough to set a second national record in the women’s 400-meter hurdles of the ICTSI Philippine Athletics Championships.
Baca lebih lajut »