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By John Unson | August 25, 2015 - 9:39pm
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Philippine banks may face weaker loan growth, higher credit costs and lower profitability this year as elevated inflation weighs on the country’s consumption-led economy, according to Fitch Ratings.
1 day ago
Inflation may have peaked after easing in May, but underlying price pressures are still building, keeping the Bangko Sentral ng Pilipinas under pressure to tighten policy further, economists said.
4 days ago
The Bangko Sentral ng Pilipinas (BSP) said it is prepared to take the necessary policy action to bring inflation back to its three-percent target, even after price growth eased more than expected in May.
5 days ago
The softer-than-expected inflation print in May may give the Bangko Sentral ng Pilipinas room to take a more measured approach to tightening, although economists said another rate hike remains likely as underlying price pressures persist.
6 days ago
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