According to BSP Governor Benjamin Diokno, inflation is seen to settle above the 2% to 4% target range in the second half due to elevated global oil and non-oil prices and positive base effects.
Domestic pump prices have been on an uptrend in 12 out of the past 14 weeks, which the Department of Energy has repeatedly attributed to the ongoing conflict between Russia and Ukraine that has hit global supplies and driven global prices higher. “We are aware that inflation is likely to remain elevated in the coming months due mainly to domestic and global supply-side pressures. Inflation expectations have likewise risen but they continue to be anchored to the 2% to 4% target band,” Diokno said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PH banking system unaffected by geopolitical tensions -- BSPBangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said Russia’s almost two-month aggression against Ukraine has limited impact on the local banking system.
Source: manilabulletin - 🏆 25. / 51 Read more »
BSP: Russia-Ukraine war has 'limited' impact on PH banking systemThe Bangko Sentral ng Pilipinas says domestic banks’ cross-border deposit liabilities to Russia and Ukraine by end-Sept. 2021 are less than 1% of the banking system’s total for the period. Local banking institutions also have no cross-border assets with both nations, it adds.
Source: CNN Philippines - 🏆 13. / 63 Read more »
1Cebu backs ‘UniTeam’ candidatesCEBU CITY, Philippines - Months of speculation has come to an end for 1Cebu as they officially named the Presidential bet that the local party will be endorsing in the upcoming May 2022
Source: cebudailynews - 🏆 8. / 71 Read more »
MIAS 2022 logs 120,000 visitors over 4 days - Auto NewsAfter a 2-year absence, MIAS 2022 is a resounding success
Source: autoindustriya - 🏆 15. / 63 Read more »
LIST: 2020/2021 Bar exams passersBELOW is the list of law graduates who passed the 2020/2021 Bar examinations held last February 4 and 6, 2022.googletag.cmd.push(function() { googletag.display('sunstarbody1'); });
Source: sunstaronline - 🏆 18. / 59 Read more »
72.28% of examinees pass Bar examsAT LEAST 72.28 percent of the 11,402 law graduates who took the Bar exams last February 4 and 6 passed the tests, the Supreme Court (SC) announced Tuesday, April 12, 2022.Justice...
Source: sunstaronline - 🏆 18. / 59 Read more »