philippines fund flows pose inflation threat
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

Philippines: fund flows pose inflation threat

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchroniclePhilippines: fund flows pose inflation threat

Manila - AFP

A huge wave of foreign funds flowing into the Philippines could stoke inflation, the central bank warned Thursday as it announced steps to rein in the volume of cash in circulation. Reserve requirements on bank deposits will rise by one percentage-point from August 5, on top of a one-point rise ordered earlier this month, it said in a statement. \"The Monetary Board is of the view that sustained foreign exchange inflows... could fuel a further acceleration of domestic liquidity growth which could pose risks to future inflation,\" it said. \"The Monetary Board believes that a prudent increase in the reserve requirement will help ensure that the inflation target will be met.\" The peso has surged to three-year highs against the dollar this month as foreign portfolio investments -- money invested in stocks and securities -- more than doubled to $9.1 billion in the first half, central bank data show. The local currency closed at 42.17 to the greenback Thursday, from 43.6205 at the start of the year. Bank lending activities have been growing at double-digit rates since January, the central bank also noted. Meanwhile the central bank kept its key policy interest rates unchanged Thursday, at 4.5 percent for the overnight borrowing rate and 6.5 percent for the overnight lending rate. Inflation hit a 26-month high of 4.6 percent year-on-year in June, raising the average for the first six months of the year to 4.3 percent.  

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

philippines fund flows pose inflation threat philippines fund flows pose inflation threat

 



Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

GMT 06:58 2017 Wednesday ,01 November

South Korea will not develop nuclear weapons

GMT 08:49 2017 Monday ,30 October

Barzani: fall of the Kurdish 'lord of the mountain'

GMT 09:07 2018 Tuesday ,23 January

US tightens rules on Middle East air cargo

GMT 05:40 2017 Thursday ,16 February

Stocks rise on Yellen’s positive US outlook

GMT 22:05 2014 Saturday ,26 April

Microsoft outpaces expectations, boosted by surge

GMT 07:45 2017 Monday ,09 October

Turkey troops, Syria jihadists exchange fire

GMT 18:31 2017 Tuesday ,10 October

Oil prices rise as OPEC says market is rebalancing

GMT 11:28 2017 Sunday ,06 August

Chikatara promises fans to do his best

GMT 22:16 2017 Monday ,27 November

Suicide bombers attack Baghdad market, killing 8

GMT 04:08 2013 Thursday ,30 May

How computers can learn better
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle