WebNov 20, 2024 · In October, inflation climbed to a 14-year high of 7.7 percent from 6.9 percent in September. The last time the RRP rate was at five percent was on Jan. 29, 2009, before the interest rate corridor system was implemented in 2016, which adjusted the monetary policy transmission to bring market rates closer to the BSP rate. WebApr 14, 2024 · This brought the overnight reverse repurchase rate to a 16-year high of 6.25 percent from an all-time low of two percent. Late last year, the BSP matched the aggressive rate hikes delivered by the US Federal Reserve to maintain a healthy interest rate differential and stabilize the peso that slumped to an all-time low of 59 to $1 last October.
Philippines c.bank to hike by 50 bps on Thursday, catching up with ...
WebDownload Current Developments (PDF) Headline inflation continues to accelerate in October 2024. Inflation recorded its highest rate since December 2008 at 7.7 percent in October 2024, a further increase from 6.9 percent a month ago. This brought the year-to-date average to 5.4 percent, higher than the National Government’s target range of 2.0 ... harrasteralli sarja
BSP forecasts Oct. inflation of 7.1-7.9%
WebOct 31, 2024 · Inflation, as measured by the consumer price index, is forecast to settle between 7.1-7.9% this month, the BSP said in a statement. If realized, the October print would be faster compared to ... WebSep 23, 2024 · The BSP’s nowcast indicate a higher September inflation rate compared to August’s 6.3 percent. Year-to-date, the country’s inflation stood at 4.9 percent, way above the government target of two percent to four percent. By end-2024, the BSP projects an inflation average of 5.6 percent. Medalla is confident that by 2024, the inflation rate ... Web22 hours ago · Inflation slowed for a second month in a row in March to 7.6 percent following an easing to 8.6 percent a month earlier from January's 14-year high of 8.7 percent. The BSP's policymaking Monetary Board has raised interest rates by 425 basis points (bps) since May last year as inflation began surging. harri haatainen