Beyond the Office Walls: The Corporate Symphony of Remote Work Redefinition
In the ever-evolving symphony of corporate dynamics, a new movement has emerged, reshaping the traditional …
July 27, 2022: -On Tuesday, the Philippine central bank chief ruled out another off-cycle move on monetary policy tightening, which marked a rate hike of below 75 basis points at its August 18 meeting in an ongoing bid to restrain red-hot inflation.
“A thing I can say is you can shock people once, so there will be no more off-cycle,” Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla said.
“My guess is you can rule out zero or 75 basis points,” he added while speaking at a forum on President Ferdinand Marcos Jr’s policy agenda and replying to a question on the magnitude of the BSP’s following policy action.
His remarks came ahead of Wednesday’s U.S. Federal Reserve policy decision, with the market pricing in a nearly 90% chance it will hike by 75 bps.
The BSP’s reverse repurchase facility rate is currently at 3.25% following three successive hikes counting 125 bps between May and July, a surprising 75 bps on July 14 that was approved outside the regular schedule for policy reviews.
Medalla stated future policy moves would remain data-driven and reiterated that the economy was able to absorb rate increases.
Philippine inflation, which averaged 4.4% in the first half of the year and topped the full-year 2%-4% target band, is expected to remain elevated, driven by high fuel and food prices.
On Monday, Marcos outlined his economic strategy focusing on financial management, infrastructure upgrades, and agricultural productivity. He pledged to ensure reasonable prices and an adequate domestic supply of essential farm products, which include rice, amid a looming global food crisis.
Finance Secretary Benjamin Diokno, who spoke at a similar forum, said the government did not need to borrow almost it during earlier crises, like at the height of the pandemic.
In the ever-evolving symphony of corporate dynamics, a new movement has emerged, reshaping the traditional …
Workplace culture has evolved beyond the superficial allure of ping-pong tables and casual Fridays in the ever-shifting landscape …
In the grand orchestration of corporate strategy, a new conductor has taken the stage, wielding algorithms instead …
In the pulsating heartbeat of technological evolution, a virtual reality revolution is unfurling, beckoning us to reimagine the very essence …
In the grand theater of corporate endeavors, where success is not merely measured in profits but in the harmonious achievements of inspired teams, what if I told you …
In the vast landscape of corporate endeavors, where routines can become ruts and innovation can often be stifled by convention, what if I told you that creativity and disruptive thinking …
Sweet Bonanza: Ein zuckersüßes Abenteuer im Winz io Casino Контент Wo Sie eine Sweet Bonanza-Demo finden The 200 Spins Sweet Bonanza Slot Experience Kun je
Пин Ап Авиатор КЗ Официальный сайт казино Pin-Up в Казахстане Контент Особенности игры Авиатор Бонусы и ставки в онлайн казино Блейз Авиатор игра на деньги
In a move indicative of growing confidence, Assenagon Asset Management S.A., an institutional investor, has significantly …
Financial services firm B. Riley Wealth Advisors Inc. recently significantly adjusted its holdings in Western …
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you