Philippine Economy Talk

[Monseratto]

JUST IN: Philippine employment rate for July 2019 at 94.6%.
Number of employed persons: 42.95 million.

Unemployment rate at 5.4%.
Number of unemployed persons rise by 4.4%, equivalent to 2.43 million people.

Inflation continues downtrend at 1.7% in August 219

MANILA, Philippines – Prices rose at a much slower pace of 1.7% in August, the Philippine Statistics Authority announced on Thursday, September 5.

The latest figure is lower than the 2.4% inflation rate in July, and is the lowest since October 2016, when the inflation rate was 1.8%.

It is also lower than the government's target range of 2% to 4%

[uls]

BSP rate cut

[uls]

Bangko Sentral announces another cut in banks' reserve requirement | Philstar.com

MANILA, Philippines — The Bangko Sentral ng Pilipinas announced Friday a new round of reduction in the amount of cash banks must hold as reserves in a bid to inject more liquidity into the financial system amid easing inflation and concerns about economic growth.

The BSP said it decided to trim the reserve requirement ratio, or RRR, by 100 basis points (one percentage point) to 15% for universal banks, 5% for thrift banks and 3% for rural banks effective November.

lower RRR means banks can lend out more money

[Monseratto]

Bangko Sentral announces another cut in banks' reserve requirement | Philstar.com



lower RRR means banks can lend out more money

Instead of going 52 plus, peso closed at 51.90....

[ray_noel]

Bangko Sentral announces another cut in banks' reserve requirement | Philstar.com



lower RRR means banks can lend out more money

Possible with low interest rate bruh?


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[uls]

Possible with low interest rate bruh?


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naka 3 rate cuts na bsp this year

[uls]

Instead of going 52 plus, peso closed at 51.90....

I think it's coz another rate cut isn't likely

PHP supported

[baludoy]

i hope the new P 5 coin would be easier to differentiate from the other coins this time around.

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[dr. d]

putting a hole into the coin is very easy and will make it very easy to differentiate from non-holey coins.
"pramis, hindi ko gagawing washer!"
heh heh.

[falken]

i hope the new P 5 coin would be easier to differentiate from the other coins this time around.

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I hope they follow the old color scheme.

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