BSP sees above-target inflation
INFLATION could have exceeded target last month due to higher food and energy prices, the Bangko Sentral ng Pilipinas (BSP) said on Monday.
Inflation latest news
Quick look at the week ahead
Domestically, Cebu Landmasters will wrap up its follow-on offering sale of preferred shares tomorrow (the listing is next week), and on Friday, we’ll get the inflation data for March from the Philippine Statistics Authority (which will set the table for the BSP’s decision on interest rates on Monday of next week). Internationally, it’s a relatively quiet period on the central bank front (rate decisions by Chile, Kenya, and Poland – not a big deal for us), and we won’t get very much in the way of inflation data in the US as the American consumer price index data won’t be available until Thursday of next week.
Sri Lanka inflation dips to lowest level since crisis
COLOMBO, Sri Lanka — Sri Lanka's statistics office said Friday that inflation had slowed to 0.9% in March, the lowest year-on-year price increase since an unprecedented economic crisis.
Welcome to the Beyonce rodeo: new country album drops to praise
NEW YORK, United States — Fans and critics alike are lavishing praise on "Cowboy Carter," Beyonce's rhinestone-studded, history-rich honky tonk of an album that's rising in the charts after Friday's hotly anticipated release.
Asian markets mixed after Fed official floats rate cut delay
HONG KONG, China — Asian investors trod carefully Thursday after a Federal Reserve official floated the idea of delaying or reducing interest rate cuts, while the yen held gains having briefly hit a 34-year low the day before.
BSP moved its next rate decision to April 8
The Bangko Sentral ng Pilipinas (BSP) [link] moved its Monetary Board’s next meeting date to April 8 (previously April 4). The BSP didn’t give a reason for the move.
A quick look at the week ahead
This is a holiday-shortened three-day trading week; on the PSE, the scheduled events start (and end) today with the Alternergy [ALTER 0.76 unch] ownership group’s shares coming out of mandatory lockup. Approximately 50% of ALTER’s 3.9 billion common shares will become active and available for trading this morning. In international markets, there aren’t really any big events scheduled either. The parade of central banks announcing interest rate decisions will continue, but this is more of the B-tier and C-tier markets that don’t have a big impact on global sentiment, like Ghana (today), Hungary (tomorrow), and Nigeria (tomorrow). That said, we’ll hear from Sweden and South Africa on Wednesday. It’s not like last week when we had Japan, Australia, Indonesia, USA, Brazil, Taiwan, Norway, Switzerland, Turkey, the UK, and Mexico announce.
Monetary Board moves April meet
MONETARY authorities have rescheduled an upcoming policy meeting, choosing to await the release of inflation data for March.