it’s piece of an article that i can’t understand. someone please help me and explain this to me? why did the inflation start and how?
“Bangko Sentral ng Pilipinas kept its benchmark interest rate unchanged at 4 percent last week for a second straight meeting after slashing it by 2 percentage points from December to July. Inflationary risks have increased since August as the economy picks up, Deputy Governor Diwa Guinigundo said Oct. 1. “Headline inflation is starting to accelerate” and will rise sharply in the coming months, said Frederic Neumann, an economist at HSBC Holdings Plc in Hong Kong. “We expect the central bank to start preparing the ground for rate hikes early next year.” The peso rose 0.4 percent to 46.53 per dollar as of 9:48 a.m. in Manila, its highest level since Jan. 7, according to Tullett Prebon Plc. The Philippine economy expanded 1.5 percent in the second quarter from a year earlier, accelerating from a decade low as record-low borrowing costs and government stimulus helped Asian nations recover from the global recession.Bangko Sentral has “an exit strategy in place” and will “shift gradually to a different monetary stance” when it sees signs of firmer growth, Guinigundo said last week.”
Posts Tagged ‘Asian Nations’
help me with this article?
Monday, July 19th, 2010DIB Solutions Confident Of Philippine Stock Gains
Thursday, January 14th, 2010Gross domestic product increased 1.5 percent from a year earlier, the National Statistical Coordination Board said in Manila today. That was three times the 0.5 percent median forecast of 17 economists surveyed by Bloomberg News. The economy expanded a revised 0.6 percent in the first quarter, the weakest pace since a recession ended in 1998.
A source at DIB Solutions revealed this week that portfolio managers were upping their exposure in Philippine markets after the firms regional analyst team concluded recently that many strong prospects in the leading index are well positioned for growth in what is an increasingly robust recovery for Asian nations.
Record-low borrowing costs and government stimulus are helping Asian nations from Thailand to Singapore report better second-quarter economic numbers. Philippine President Gloria Arroyo has boosted spending to avoid a recession. In the eyes of the DIB Solutions analyst team, this has been successfully executed.
The DIB Solutions source said that the governments stimulus programs have been successful in preventing a slowdown. He added that they should continue to pump prime to create the necessary conditions for sustainable economic growth. According to the source, the findings of the DIB Solutions analysts were that the government
