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Philippines Consumer Confidence
5000 homes in the Philippines participate in the Consumer Expectations Survey, with approximately 50% of those homes located in the national capital region of Metro Manila, according to the survey. Overall economic conditions, household finances, and household income are all addressed in the survey's four questions. The indicator is calculated by subtracting the percentage of companies that respond favorably from the percentage of companies that respond negatively. The index ranges between -100 and 100, a positive value suggests a positive viewpoint, a negative value indicates a loss of faith, and a zero value represents a neutral viewpoint.
A higher than expected figure should be seen as positive (bullish) for the PHP while a lower than expected figure should be seen as negative (bearish) for the PHP.
News (PHP)
Philippine Central Bank Trims Key Rates By 25 Bps
The Philippine central bank resumed its policy easing on Thursday, by cutting the rates by a quarter-point to address the challenges posed by trade tariffs. The Monetary Board of the Bangko Sentral ng Pilipinas decided to reduce the Target Reverse Repurchase rate by 25 basis points to 5.50 percent. The interest rates on the overnight deposit and lending facilities were accordingly reduced.
RTTNews | 6 days ago
Philippine Central Bank Unexpectedly Retains Policy Rates
The Philippine central bank unexpectedly left its interest rates unchanged after cutting it for three straight times amid heightened uncertainty over US trade policy. The Monetary Board of the Bangko Sentral ng Pilipinas decided to hold the target reverse repurchase rate at 5.75 percent. The interest rates on the overnight deposit and lending facilities were kept unchanged.
RTTNews | 62 days ago
Philippine GDP Expands Less Than Forecast
The Philippine economy expanded at a slower than expected pace in the fourth quarter as severe storms damped farm output and geopolitical tensions weighed on manufacturing, official data showed on Thursday. Consequently, the economy missed its full year official growth target in 2024. Gross domestic product grew 5.2 percent year-on-year in the fourth quarter, the same pace as in the third quarter.
RTTNews | 76 days ago
