MANILA : The Philippine central bank will focus on inflation rather than the Federal Reserve's recent policy action when it meets on Feb. 16 to review key interest rates, its governor said on Saturday.'Next meeting will focus on inflationary expectations in PH, not the Fed's 25 bps rate increase,' Bangko
MANILA : The Philippine central bank will focus on inflation rather than the Federal Reserve's recent policy action when it meets on Feb. 16 to review key interest rates, its governor said on Saturday.
"Next meeting will focus on inflationary expectations in PH, not the Fed's 25 bps rate increase," Bangko Sentral ng Pilipinas Governor Felipe Medalla told reporters in a phone message. Philippine inflation was likely to be within a range of 7.5 per cent to 8.3 per cent in January, the central bank said on Tuesday, following the 8.1 per cent rate in December, which was a 14-year high. The statistics agency will release inflation data on Feb. 7.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Philippine military bases ‘strategic real estate’ for US near Taiwan: AnalystsThe agreement between the Philippines and US aims to bolster defence commitments amid mounting concerns over China’s activities in the area, observers said.
Read more »
Philippines grants US greater access to bases amid China concernsMANILA - The Philippines has granted the United States expanded access to its military bases, the countries said on Thursday (Feb 2), amid mounting concern over China's increasing assertiveness in the disputed South China Sea and tensions over self-ruled Taiwan. Washington would be given access to four more locations under an Enhanced Defense Cooperation Agreement (EDCA) dating to 2014, statements...
Read more »
Philippines expands US access to military basesThe two countries are seeking to repair ties that were fractured in recent years. Read more at straitstimes.com.
Read more »
Why Marcos is inviting the US military back to the PhilippinesThe new president is rolling back his predecessor’s foreign policy, as he realises he needs the US to keep China at bay. Read more at straitstimes.com.
Read more »
Musk's Starlink internet service to be offered in the Philippines in Q1MANILA : Starlink, the satellite internet unit of Elon Musk's SpaceX, is on track to enter the Philippine market this year, with its broadband service to be introduced within the first quarter, its local partner said in a statement on Friday. 'We are excited to finally introduce Starlink to the Philip
Read more »
US, Philippines to restart joint patrols in South China SeaWASHINGTON: The United States and the Philippines have agreed to restart joint patrols in the South China Sea as the longtime allies seek to counter China's military rise, a US Defense Department statement said. The two countries had suspended maritime patrols in the hotly contested area under
Read more »