US Fed official calls for more rate hikes to tackle inflation
The US Federal Reserve has more work to do to tackle high inflation despite making “considerable” progress in the last 18 months, a senior bank official said Friday.
Tag: inflation
End-2023 surprise? Eli Remolona mulls rate hike as inflation bites
A rate cut is not on the table given the expectations of within-target inflation in the last quarter of 2023 and still strong domestic output, according to Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona.
ADB slashes 2023 PH growth forecast to 5.7%
The Asian Development Bank (ADB) has slashed its 2023 Philippine economic growth projection from 6 percent to 5.7 percent due to inflation and global headwinds.
Putin sees no ‘insurmountable problems’ in ruble fall
President Vladimir Putin on Tuesday downplayed the weakening of the Russian ruble, as Moscow shoulders the economic fallout of its dragging offensive in Ukraine and rising inflation.
PH inflation jumps to 5.3% in August, pushed higher by rice, veggies
Inflation rose to 5.3 percent in August 2023 from 4.7 percent in July 2023, the Philippine Statistic Authority reported Tuesday.
Gov’t focuses on taming inflation, creating quality jobs to reach 2023 growth rate
The country needs to grow 6.6% in the second half to achieve 6% growth for the full year, the NEDA chief Arsenio Balisacan said.
Romualdez proposes import policy review to help stabilize food prices
Speaker Ferdinand Martin Romualdez said strategic imports, when local supply is low, can prevent excessive food price hikes.
Inflation still top Pinoy concern: poll
More than half of Filipinos said inflation remains the most urgent concern the government must resolve immediately, Pulse Asia said.
Gov’t preparing for El Nino impacts, says NEDA
The administration is taking measures to cushion the negative impacts of El Niño, the National Economic and Development Authority said.
WATCH | Marcos on 5.4% inflation: ‘We’ll try to continue to bring it down’
His administration will continue to “bring down” inflation by increasing agricultural production and improving coordination at all levels of the value chain, President Ferdinand Marcos Jr. said Wednesday.
