Back in Nov. 15, the BSP announced that it decided to maintain the limits on credit card transactions, citing the “reasonableness” of the prevailing fees for these financial services.
Two days later, the Monetary Board, the central bank’s seven-person policymaking body, announced a rate hike of 0.75 percentage point, bringing it to 5 percent which took effect starting Nov.18.Back in October, the Philippines’ consumer price index climbed 7.7 percent year-on-year, the fastest rise since December 2008, driven by price gains in key commodity groups, specifically food and nonalcoholic beverages.
Source: News Formal (newsformal.com)
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.
Nov. inflation likely at 7.8% — poll - BusinessWorld OnlineINFLATION likely quickened beyond the Bangko Sentral ng Pilipinas’ (BSP) target for an eighth straight month in November, mainly due to costlier food items and higher electricity rates, analysts said.
Source: bworldph - 🏆 9. / 68 Read more »
Iona Gibbs from Bataan is Mutya ng Pilipinas 2022MANILA, Philippines — Three years after it last staged a competition, the Mutya ng Pilipinas pageant has crowned a new queen, and she is Iona Gibbs from Bataan. She bested 37 other aspirants
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Mutya ng Pilipinas Klyza Castro wants to crown a fellow ‘hometown girl’Now that the time has finally come to relinquish her title, Davao City lass Klyza Castro says she feels a “sense of relief” that she will get to pass it to a new winner, who she hopes will be just like her. | diyarista /PDI
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Peso may continue to climb vs dollar ahead of inflation data - BusinessWorld OnlineTHE PESO may continue to strengthen against the dollar this week ahead of the release of November inflation data that could give the Bangko Sentral ng Pilipinas (BSP) impetus to hike interest rates further.
Source: bworldph - 🏆 9. / 68 Read more »
Fans may help Bb. Pilipinas Hannah Arnold inch closer to the Miss International crownICYMI: Binibining Pilipinas International Hannah Arnold is now in Japan to stake her claim to the Miss International crown. But followers from whichever part of the world may help her get closer to her goal.
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Fans may help Bb. Pilipinas Hannah Arnold inch closer to the Miss International crownMANILA, Philippines—Binibining Pilipinas International Hannah Arnold is now in Japan to stake her claim to the Miss International crown. But followers from whichever part of the world may help her
Source: cebudailynews - 🏆 8. / 71 Read more »