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Romeo Ranoco - 1 Eli Remolona - 1 ” - 1 Debalika Sarkar - 1 “ - 1 Sarah Tan - 1 Eloisa Lopez - 1 Felipe Medalla - 1
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Search resuls for: "Veronica Dudei Maia Khongwir"


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☆ Philippine central bank likely to hold rates at 6.5% on Thurs, may hike again in Dec: Reuters poll
  + stars: | 2023-11-14 | by ( Veronica Dudei Maia Khongwir | ) www.reuters.com   time to read: +2 min
FILE PHOTO: A security guard stands beside a logo of the Bangko Sentral ng Pilipinas (Central Bank of the Philippines) posted at the main gate in Manila, Philippines April 28, 2016. “We do not rule out any possibility of further rate hikes unless there is consistent improvement in the successive months’ inflation prints. Median forecasts showed rates at 6.75% until mid-2024, with a first rate cut seen as coming in Q3 - later than predicted in a poll taken before the recent surprise hike. “To maintain the strength of the peso, the BSP needs to ensure a healthy interest rate differential with the U.S. Therefore, a pause by the U.S. Fed adds to a case that BSP will do likewise,” said Sarah Tan, economist at Moody’s.
Persons: Romeo Ranoco, Eli Remolona, ”, Debalika Sarkar, “, Sarah Tan Organizations: ng Pilipinas, Central Bank of, REUTERS, Reuters, ANZ, U.S Locations: BENGALURU, Philippine, Philippines, Manila
☆ Philippine central bank on hold for rest of year, cut in early 2024
  + stars: | 2023-06-20 | by ( Veronica Dudei Maia Khongwir | ) www.reuters.com   time to read: +2 min
All 24 economists polled June 13-19 forecast the BSP will hold its benchmark overnight borrowing rate (PHCBIR=ECI) at 6.25% at its policy meeting on June 22. A strong majority of respondents, 14 of 17, forecast rates will stay at 6.25% for the rest of the year with the remaining three predicting a rate cut by end-2023. The central bank, which had previously closely followed the U.S. Federal Reserve in hiking interest rates, is now charting a distinct course. "In later meetings if the Fed hikes, the BSP is likely to stay on hold. The Fed kept interest rates unchanged at 5.00%-5.25% last week but signaled it may still hike by as much as half of a percentage point by end-2023.
Persons: Eloisa Lopez, Felipe Medalla, Francisco Dakila Jr, Shreya, Veronica Dudei Maia Khongwir, Anant Chandak, Madhumita Gokhale, Hari Kishan, Ross Finley, Sharon Singleton Organizations: REUTERS, ng Pilipinas, U.S . Federal Reserve, Fed, Barclays, BSP, Thomson Locations: Makati City, Metro Manila, Philippines, BENGALURU, Philippine
☆ South Korea's Q4 GDP likely shrank, hints at possible recession - Reuters poll
  + stars: | 2023-01-20 | by ( Veronica Dudei Maia Khongwir | ) www.reuters.com   time to read: +3 min
Asia's fourth-largest economy is expected to have shrunk by a seasonally-adjusted 0.3% in the October-December quarter after growing 0.3% in the preceding period. All but one of 13 economists in the Jan. 16-19 Reuters poll forecast a contraction, with the other expecting growth to flatline. If realized, it would be the sharpest contraction since mid-2020 when the COVID-19 pandemic was cementing its grip on the world. On a year-on-year basis, gross domestic product (GDP) likely grew 1.5% in the fourth quarter, the median forecast of 21 economists showed, half the 3.1% growth in the third quarter. According to a separate Reuters poll, growth was forecast at 2.5% in 2022, slowing to 1.9% this year.
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