Philippines Full Year GDP Growth
The Philippines' largest industry, services, accounts for 57% of the country's overall GDP. Trade, repair of motor vehicles and household goods which account for 17% of total GDP are the most important segments within services, followed by real estate, renting and business activities (11%), transport, storage, and communication (8%), financial services (7%), public administration, defense, and social security (4%). In terms of GDP, the industrial sector accounts for 31% of the total. Manufacturing account for 22% of total GDP, with construction accounting for 5%, which are the most important segments in the industry. Agriculture account for the remaining 12% of gross domestic product.
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)
Philippines Cuts Policy Rate To 5.75%
The Philippine central bank decided to reduce its benchmark rate by 25 basis points on Thursday as inflation is projected to remain within the target range and, hinted at further policy easing next year. The Monetary Board of the Bangko Sentral ng Pilipinas lowered the target reverse repurchase rate to 5.75 percent from 6.00 percent.
RTTNews | 34 days ago
Philippine Central Bank Lowers Key Rates By 25 Bps
The Philippine central bank reduced its benchmark rates by 25 basis points for the second straight meeting on Wednesday, as inflation remained low. The Monetary Board of the Bangko Sentral ng Pilipinas lowered the target reverse repurchase rate to 6.00 percent from 6.25 percent. The interest rates on the overnight deposit and lending facilities were accordingly adjusted.
RTTNews | 98 days ago
Philippine Central Bank Lowers Rate For First Time Since 2020
The Philippine central bank unexpectedly lowered its benchmark rates for the first time in nearly four years and hinted at more easing amid well-anchored inflation expectations. The monetary board of the Bangko Sentral ng Pilipinas reduced the target reserve repurchase rate by 25 basis points to 6.25 percent. Markets were expecting a hold.
RTTNews | 160 days ago
