Finance Secretary Ralph G. Recto has assured the Filipino public that the government is intensifying targeted actions to further protect the purchasing power of Filipinos from the effects of El Niño, and eventually, La Niña, on food and energy supplies. A resident walks on a dried-up fish pond in Candaba town, Pampanga (IMAGE CREDIT: OneNews.PH) […]
The Bangko Sentral ng Pilipinas (BSP) has been focusing on financial stability since mid-2009 and one of the ways through which the central bank was able to monitor key developments in the country’s finance sector is through the Financial Stability Report (FSR). The report provides a thematic approach and an in-depth analysis of recent developments […]
Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona, Jr. recently expressed concern about further “financial accidents” that may be brought on by the strong rate increases implemented by the US Federal Reserve to combat inflation. In a media advisory, the BSP chief said that the US central bank’s tightening cycle could result in more unpredictable […]
This year’s headline inflation decelerated further to 5.4 percent year-on-year in June from 6.1 percent in May, settling near the lower end of the Bangko Sentral ng Pilipinas (BSP)’s forecast range of 5.3 to 6.1 percent for the month. The resulting year-to-date average of 7.2 percent, however, it is still above the government’s average inflation […]
