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Philippines increases rates for second straight month

The Philippine central bank yesterday raised interest rates for the second time in two months, warning that inflation would breach its target this year with rising commodity prices and fish shortages driving up costs.
The monetary authority hiked its key interest rate by another 25 basis points to 2.5 percent, effective today.
Bangko Sentral Governor Benjamin Diokno said the central bank was prepared to “take all necessary policy action” to bring down inflation over the medium term.
Overnight deposit and lending facilities were raised by the same amount to 2 percent and 3 percent respectively.
The hike comes after inflation hit 5.4 percent last ....

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Team of rivals

To show that unity is not merely campaign rhetoric, the president-elect is being encouraged by his elder sister to recruit even from his political opponents’ camps. ....

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Technocrats

The president-elect continues to surprise us, defying the caricatures his critics try to paint. ....

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2021 economic recovery may be softer than expected as lockdowns displace 1M workers

2021 economic recovery may be softer than expected as lockdowns displace 1M workers
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No sanctions vs foreign banks over SBL – BSP – The Manila Times

No sanctions vs foreign banks over SBL – BSP – The Manila Times
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