interest rate hike - updates

Rappler's latest stories on interest rate hike

ARTICLE FINDER

BSP likely to leave rates unchanged after another U.S. Fed hike

Mar 16, 2017 - 5:50 PM

An economist says the strategy to hike early on has allowed the BSP to stand pat in the face of 3 Fed rate hikes to date

WIDELY EXPECTED. BSP Governor Tetangco says the Fed rate hike is widely expected and already priced in. Screenshot from BSP Youtube page

PH peso nears P50 again

Dec 20, 2016 - 8:25 PM

This is its weakest level in over a decade or since closing at P50 12 to 1 on November 16 2006

WEAKEST. This was its weakest level in over a decade or since closing at P50.12 to $1 in Nov. 16, 2006. Rappler file photo

How a Fed rate hike impacts the Philippine economy

Dec 15, 2016 - 12:18 PM

Economists agree that the Philippines may be in for some rough sailing but will ultimately weather the storm

HIT ON THE CHIN. For BPI's lead economist, the 25 basis points hike on December 14 already seems to be priced in.

Analysts unsure if peso, market losses related to elections

Apr 27, 2016 - 7:50 PM

Could developments in the local political scene be the culprit? Some analysts note that external conditions have been affecting the peso and PSE too

Oil slide, strong dollar drag Asian shares lower

Mar 24, 2016 - 7:05 PM

Crude oil posting its biggest loss in 6 weeks coupled with hints that the US Fed will raise interest rates in April contribute to a bad day for Asian markets

Chinese investors look at a screen showing stock movements at a stock brokerage house in Beijing, China, January 5, 2016. How Hwee Young/EPA

Foreign direct investments inch up in October

Jan 12, 2016 - 3:03 PM

The latest figure reflects favorable investor sentiment but FDI inflows is still down from January October 2015

SUSTAINED. The net inflows are sustained amid uncertainties in the global financial markets brought about by the interest rate lift off in the US and the economic slowdown in China. File photo by Agence France-Presse

World Bank maintains PH 2016 growth forecast at 6.4%

Jan 07, 2016 - 4:13 PM

While unchanged the World Bank s forecast for the Philippines this year is below the government s growth target of 7 8

LOWER FORECAST. For 2015, the World Bank projects that the country grew by 5.8%, which is below the National Economic and Development Authority's full-year goal of 6%. File image from the World Bank website

Despite US Fed decision, BSP keeps interest rates unchanged

Dec 17, 2015 - 6:58 PM

Gov t officials say there s no need to worry about the US Fed interest rate hike as the Philippines has sound macroeconomic fundamentals

UNCHANGED. The central bank’s Monetary Board has decided to keep interest rates steady amid the firm domestic demand conditions and benign inflation environment. File photo from BSP

PH peso pierces back to P45:$1 level

Oct 09, 2015 - 8:04 PM

PH peso closes at P45 87 to 1 October 9 the first time in nearly 2 months since the yuan devaluation and imminent US Fed interest rate hike

The Philippne peso on Friday, October 9 gained 24 centavos and pierced the P45 to $1 level. Stitched images from Shutterstock

Trade deal, easy monetary policy boost Asian stocks

Oct 06, 2015 - 12:57 PM

Analysts say the Trans Pacific Partnership deal would boost stocks in the region adding to an already upbeat mood among investors

DEAL. The Trans-Pacific Partnership will see the easing of a number of barriers, including Japan's closeted farm sector and the US car market. Japan's Prime Minister Shinzo Abe (left, seen here with US President Barack Obama) expresses hope that China would join at some point. File photo by EPA / Pete Marovich

ING Bank forecasts 6% PH GDP growth in Q3

Oct 05, 2015 - 8:45 PM

The Manila office of the Dutch financial institution says the growth accelerates on the back of increased government spending for the first 8 months of 2015

GROWTH. The Manila office of the Dutch financial institution says the third quarter growth accelerates on the back of increased government spending for the first 8 months of 2015. Image from ING Bank Flicker account

China, US rate hike loom over global finance summit

Oct 02, 2015 - 8:02 PM

The prospect of rising US interest rates and China’s slowdown are contributing to uncertainty and higher market volatility the IMF chief says

BE CONCERNED. "There has been a sharp deceleration in the growth of global trade. And the rapid drop in commodity prices is posing problems for resource-based economies," says International Monetary Fund chief Christine Lagarde. File photo by EPA / Jim Lo Scalzo

PH peso to remain strong after Fed holds rates

Sep 19, 2015 - 12:31 PM

The Philippine peso is expected to remain strong throughout the year economists say Thanks to OFW remittances BPOs and tourism

STRONGEST IN A MONTH. The Friday finish is the Philippine peso's best showing in a month, just after the US Central Bank played hard to get and decided to put off the increase in interest rates later this year. Photo by Katherine Visconti