Datasets:
gtfintechlab
/
central_bank_of_the_philippines

Dataset card Data Studio Files Community
1
sentences
stringlengths
25
668
stance_label
stringclasses
4 values
time_label
stringclasses
2 values
certain_label
stringclasses
2 values
year
int64
2k
2.02k
__index_level_0__
int64
1
999
average rice prices increased anew with the end of the harvest season as local traders bid up prices to ensure adequacy of their stocks amid the potential impact of el niño until the next harvest season as well as the recent uptick in international prices.
hawkish
not forward looking
certain
2,023
705
however, monetary authorities continue to face inflation risks from the volatility in oil prices.
hawkish
forward looking
certain
2,011
921
investor optimism, combined with ample liquidity in the global market and investors’ search for yields have led to robust trading at the philippine stock market.
neutral
not forward looking
certain
2,010
158
[15] manila electric company”, 15 november 2002, at http://www.supremecourt.gov.ph and “meralco customers billed at rates approved by law”, undated, at http://www.meralco.com.ph submit their offers to sell electricity to distribution utilities at their desired price.
irrelevant
not forward looking
certain
2,002
654
the full-year growth in energy sales was marginal at 1.1 percent in percent in december 2006 based on the nso’s monthly integrated survey of selected industries (missi).
neutral
not forward looking
certain
2,007
822
likewise, average cost of power sourced by meralco from its power supply agreements (psas) also increased but was offset by the reduction in power rates from the independent power producers (ipps).
neutral
not forward looking
certain
2,014
43
- the peso depreciation against the us dollar slowed down to 9.8 percent year-to-date as of 29 november 2022, from 12.0 percent in october.
dovish
not forward looking
certain
2,022
189
the higher cost of electricity from the independent power producers (ipps) was driven by the higher cost of fuel.
neutral
not forward looking
certain
2,011
869
the monetary board identified the recent increase in transport fares, possible adjustments in utility charges, and in minimum wages in response to a sharp rise in fuel costs and the dollar cost of imports as likely sources of cost-push inflationary pressures.
hawkish
forward looking
uncertain
2,004
987
e. supply-side indicators developments in agriculture - in february, domestic rice prices continued to increase nationwide, particularly in areas outside metro manila, reflecting limited deliveries before the onset of the summer harvest season.
hawkish
not forward looking
certain
2,011
467
the monetary board argued that despite adequate liquidity in the system, banks continued to be constrained to lend actively in an effort to preserve asset quality or to avoid a further deterioration in capital base.
dovish
not forward looking
certain
2,004
257
developments in the utilities sector - the overall electricity rate decreased in january 2018 due mainly to lower generation charge.
dovish
not forward looking
certain
2,018
658
in particular, core inflation, which eliminates the volatility caused by food and energy prices, has remained relatively subdued since july.
dovish
not forward looking
certain
2,011
754
however, given evidence of weakness in domestic demand conditions and benign inflationary setting, some members of the monetary board also noted that current monetary policy stance might risk being too tight.
dovish
forward looking
uncertain
2,003
632
the latest consumer expectations survey likewise showed weaker consumer outlook for the second and third quarters of 2005.
dovish
not forward looking
certain
2,005
426
the european central bank (ecb) noted that indicators pointed increasingly to a gradual improvement in economic activity, suggesting that the euro area economy would likely post a slow but gradual recovery.
dovish
forward looking
certain
2,003
288
contraction in the corn, sugarcane, and other crops subsectors pulled down agricultural growth in q1 2009.
dovish
not forward looking
certain
2,009
70
global pmi also showed modest improvements in september.
neutral
not forward looking
certain
2,012
167
netting out interest payments, ng expenditures went up by 26 percent.
hawkish
not forward looking
certain
2,018
102
- bank lending, net of banks’ reverse repurchase (rrp) placements with the bsp, continued to grow in january, albeit at a slower pace of
neutral
not forward looking
certain
2,010
250
tracking the movements of international oil prices, the domestic prices of petroleum products, except lpg, were raised on 27 april.
hawkish
not forward looking
certain
2,015
832
- the monetary board considered the latest outlook on inflation which continued to suggest that current monetary policy settings remain appropriate.
neutral
forward looking
certain
2,009
916
in particular, the members of the monetary board indicated their willingness in the future to resort to monetary tightening measures should conditions in the foreign exchange market continue to point to a severe depreciation of the peso which could threaten the inflation target over the policy horizon.
hawkish
forward looking
uncertain
2,003
763
a simulation of the inflation impact of a possible sustained increase in dubai crude oil from us$24.00 per barrel for the period january-march 2002 to an average of us$24.00-us$27.50 per barrel for the whole year would translate directly to an increase in the average inflation for 2002 of about 0.2-0.4 percentage points.
hawkish
forward looking
certain
2,002
84
- while rice prices were steady in metro manila (mm), they increased in areas outside metro manila (aomm) in november 2009, driving the national average up.
hawkish
not forward looking
certain
2,009
295
- recent surveys showed inflation expectations remained generally well-anchored: for april 2009 showed lower average inflation forecast for both showed lower inflation expectations for both 2009 and 2010. showed lower inflation expectations for the next 12 months: from q2 2009, however, indicated that the proportion of respondents that anticipate inflation to move up in q2 2009 increased, albeit marginally.
dovish
forward looking
uncertain
2,009
125
the increased foreign assets of the monetary system were due largely to inflows from the foreign exchange remittances by overseas filipino workers (ofws).
neutral
not forward looking
certain
2,002
845
meanwhile, energy sales by meralco rose by 3.7 percent year-on-year in september 2002 following a 1.5 percent decline in the previous month.
neutral
not forward looking
certain
2,002
191
lending, however, remained sluggish.
dovish
not forward looking
certain
2,005
617
however, corn production could decline by 4.9 percent year-on-year in the fourth quarter of 2002 to 4.3 million mt, as earlier floods affected the standing crops and delayed the planting especially in the corn-growing areas in the south.
dovish
forward looking
certain
2,002
64
advisory committee, the members of the monetary board noted that inflation is likely to trend upward over the policy horizon.
hawkish
forward looking
uncertain
2,004
709
the results of the bsp’s august 2023 round of survey on private sector economists’ inflation expectations showed a steady mean inflation forecast for 2023 at 5.5 percent relative to the july 2023 survey round.
neutral
not forward looking
certain
2,023
247
gdp posted a higher-than-expected growth in q1 2010 at expansion was driven by the accelerated growth in all major segments.
hawkish
not forward looking
certain
2,010
434
developments in agriculture - nationwide average rice prices fall in october survey amid the onset of the main harvest season.
dovish
not forward looking
certain
2,021
362
vehicles declined in october, with the latter posting a bigger decline relative to the previous month.
dovish
not forward looking
certain
2,008
215
mindanao inflation decelerated to 2.6 percent in july 2016 from 2.7 percent in the previous month.
dovish
not forward looking
certain
2,016
879
meanwhile, the potential impact on domestic economic growth prospects of delays in the easing of containment measures as well as a weaker-than-expected global economic recovery owing to the spread of new covid-19 variants are the main sources of downside risks.
dovish
forward looking
uncertain
2,021
985
- in emerging asia, prospects remain mixed.
neutral
not forward looking
uncertain
2,012
652
at the same time, inflation expectations have remained well-anchored over the policy horizon.
dovish
not forward looking
certain
2,020
316
this suggested an improvement in the country’s external price competitiveness.
dovish
not forward looking
certain
2,003
489
the speed is aimed at raising the demand for electricity by providing price incentives to large users.
dovish
forward looking
certain
2,002
89
previous auction on 29 november 2005.
irrelevant
not forward looking
certain
2,006
977
meanwhile, the differential between the domestic and foreign interest rates tightened, given the larger decline in domestic rates during the period.
dovish
not forward looking
certain
2,009
199
foreign investors have remained reluctant to invest in the domestic stock market as indicated by the decline in total foreign transactions during the period 2-6 december 2002 by 10.4 percent compared to the level in previous month.
dovish
not forward looking
certain
2,002
277
the national rice inventory as of 11 september 2002 was estimated at 1.3 million metric tons (mt), sufficient to last for 52 days.
neutral
not forward looking
certain
2,002
878
nonetheless, the impact of the pandemic warrants careful monitoring as this would continue to weigh on the performance of the banking system.
neutral
forward looking
certain
2,021
789
the recent responses of monetary authorities in major economies were generally cautious with the bank of england, bank of japan and european central bank opting to keep monetary policy settings unchanged.
neutral
not forward looking
certain
2,006
408
meanwhile, global economic prospects are likely to stay uneven, thus mitigating upward pressures from commodity prices going forward.
neutral
forward looking
uncertain
2,014
865
members of the monetary board considered the following monetary policy options: and stimulus to the real sector.
neutral
not forward looking
certain
2,003
148
on a month-on-month basis, commercial banks’ seasonally-adjusted lending in june grew by 4.5 percent for loans inclusive of rrp placements, but fell by 0.3 percent net of rrp placements.
neutral
not forward looking
certain
2,009
894
that the balance of risks on the global economic outlook remained on the downside even as the uncertainty surrounding the war has been removed.
dovish
forward looking
certain
2,003
37
some of the employment losses since the start of the pandemic in 2020 have also been gradually recovered with the employment level in october 2021 rising above the pre-pandemic level.
neutral
not forward looking
certain
2,021
776
the lower pmi in february may be attributed to the further contraction of the retail and wholesale and services sectors, as well as the slower expansion of the manufacturing sector.
dovish
not forward looking
certain
2,021
380
developments in the utilities sector - the overall electricity rate slightly increased by around p0.0229 per kilowatt hour (kwh) to p11.9397 per kwh in march 2024 (from p11.9168 per kwh in february 2024) due to higher transmission charges.
neutral
not forward looking
certain
2,024
851
[7] for the period june-december 2002, the price of brent crude oil in the futures market showed gradual softening and settled at an average of $26.21 per barrel.
neutral
not forward looking
certain
2,002
697
year-on-year headline inflation rose to 3.3 percent in november 2003 from 3.1 percent in the previous month.
hawkish
not forward looking
certain
2,003
814
- domestic output growth, however, could be hampered by tenuous global economic conditions.
dovish
not forward looking
certain
2,012
904
substitute for dubai crude— was used as indicator of future world oil prices since futures data on dubai crude were not available.
neutral
forward looking
certain
2,002
252
on the production side, all three major sectors grew in the first quarter, led by the industry sector.
neutral
not forward looking
certain
2,013
929
- core inflation slowed down further to 7.6 percent in may from 7.8 percent in april, bringing the year-to-date average core inflation to 7.9 percent.
dovish
not forward looking
certain
2,005
611
pressures on other regional currencies along with the end-of-the-quarter demand for dollars by corporates also contributed to the weaker peso in september.
hawkish
not forward looking
certain
2,002
500
- liquidity and credit growth remained manageable.
neutral
not forward looking
certain
2,018
163
the 2000 and 1994 headline and core inflation series will continue to be published until june 2004, after which, only the 2000–based cpi headline and core inflation data will be reported.
neutral
not forward looking
certain
2,004
280
it depreciated by about 54 centavos to average p56.09/us$1 in february 2004 from its january 2004 average of p55.55/us$1 due to persistent concerns over the fiscal deficit and preelection uncertainties.
neutral
not forward looking
certain
2,004
942
the overall rate decreased as meralco implemented a staggered collection of generation costs from the wholesale electricity spot market and power supply agreements.
neutral
not forward looking
certain
2,024
596
results of the bsp’s survey of private sector economists for may 2014 yielded slightly higher but still within-target mean inflation forecasts of steady at 3.8 percent.
neutral
not forward looking
certain
2,014
604
however, the full impact of the el niño weather disturbance in 2003 could weigh heavily on food production, leading to lower food supply unless adequate water provisions and water-saving measures are instituted promptly.
dovish
forward looking
certain
2,002
217
- furthermore, the temporary period of strong m3 growth is not seen to lead to significant inflationary pressures.
dovish
forward looking
certain
2,013
395
the average peso per us dollar weakened further to a low of p55.075/us$ on 12 march 2003 but it recovered slightly to settle at an average of p55.04/us$ on 18 march 2003.
neutral
not forward looking
certain
2,003
997
during the 3 december auction, the auction committee made a full award of the p2.0 billion and a partial award of the p2.5 billion offerings for the 182day and 364-day t-bills, respectively, but rejected the bids for the p1.5 billion offering for the 91-day t-bills.
neutral
not forward looking
certain
2,007
475
- the full year 2008 fiscal deficit reached p68.1 billion, better than the p75.0 billion program, but higher than the p12.4 billion deficit for the full year of 2007.
neutral
not forward looking
certain
2,009
203
- the peso remained strong in april due to improving investors’ confidence in the country’s economic fundamentals, particularly the prospects for fiscal sustainability.
neutral
not forward looking
certain
2,006
850
the steady growth in exports and business investments (private capital outlays).
neutral
not forward looking
certain
2,004
963
- on balance, the monetary board deems it prudent to maintain the bsp’s accommodative policy stance given a manageable inflation environment and emerging uncertainty surrounding domestic and global growth prospects.
dovish
forward looking
certain
2,022
982
economic recovery for the world’s major economies.
neutral
not forward looking
uncertain
2,003
445
- the monetary board noted the slower expansion of real gdp for q1 2019 at 5.6 percent from national budget.
dovish
not forward looking
certain
2,019
507
however, the favorable outlook for agricultural production, particularly, for the crops subsector, should help ensure stable food prices and provide some cushion against cost-side inflationary pressures.
neutral
forward looking
uncertain
2,004
645
the next meeting of the monetary board on the policy stance.
irrelevant
forward looking
certain
2,023
196
11203, or the act liberalizing the importation, exportation, and trading of rice, lifting for the purpose the quantitative import restriction on rice, and for other purposes on 14 february 2019 is expected to further promote lower domestic rice prices.
dovish
forward looking
uncertain
2,019
708
the increase in the nda, in turn, was due to the sustained increase in bank lending.
dovish
not forward looking
certain
2,013
785
the members of the monetary board expressed the view that a further easing of the bsp’s monetary policy stance at this time, would infuse additional liquidity in the system, which already has ample liquidity.
hawkish
forward looking
certain
2,003
423
by frontloading the rate cuts, the bsp acted preemptively to address potential risks to growth and financial stability, gaining sufficient policy space for maneuver should potential inflation risks materialize.
dovish
forward looking
uncertain
2,009
683
meanwhile, only services had a higher positive inflation compared to march because of the higher pump prices of petroleum products in april relative to the previous month.
hawkish
not forward looking
certain
2,009
415
this was a slowdown from the quarter- and year-ago growth of 4.8 percent and 17.1 percent, respectively.
neutral
not forward looking
certain
2,008
895
- the faster-than-expected gdp growth in q2 2014 was driven by the services and industry sectors on the production side and by net exports and household consumption on the expenditure side.
hawkish
not forward looking
certain
2,014
693
in terms of sufficiency, the latest inventory level is sufficient to last for mt.
neutral
not forward looking
certain
2,008
993
during the first two weeks of september, trading was mixed as the index seesawed between such negative news as the rise in job cuts in the us private sector in august, the fall in the shanghai composite index due to the perception that china will not meet growth expectations, and the lack of fresh news to stir local equities versus the positive developments in the local front, including the continued easing of inflation and the upward revision in the country’s gdp growth targets.
neutral
not forward looking
certain
2,009
781
concerns over the fiscal outlook could pose risks to inflation and inflation expectations over the policy horizon.
hawkish
forward looking
certain
2,002
400
percent (revised) in june 2004 following a 4.0 percent (revised) annual growth in the previous month.
neutral
not forward looking
certain
2,004
132
- at the same time, the increase generation charge partly contributed to the rise in the overall electricity rate.
hawkish
not forward looking
certain
2,021
55
- adverse shifts in the public’s inflation expectations also remain a risk given the relatively high level of inflation relative to the government target.
hawkish
forward looking
uncertain
2,005
981
most of the mobility indicators temporarily breached the baseline during the holiday period before reverting to below baseline figures in january 2021, albeit continuing to improve which suggests a rise in economic activity for the philippines.
neutral
not forward looking
certain
2,021
847
the highlights of the discussions of the 9 february 2006 meeting were approved by the monetary board during its meeting held on 9 march 2006. namely: the deputy governor for the monetary stability sector, the deputy governor for supervision and examination sector, the managing director of the treasury department, and the director of the department of economic research.
irrelevant
not forward looking
certain
2,006
193
potential price pressures continue to come from a possible uptick in oil and food prices and pending petitions for increases in electricity rates.
hawkish
forward looking
certain
2,014
696
the monetary board (mb) decided to: a) maintain the bsp’s policy interest rates at 3.5 percent for the overnight rrp b) maintain the current interest rates on term rrps and rps; c) set the special deposit account (sda) rate at 2.0 percent across all tenors; and d) maintain the current reserve requirement ratios.
neutral
not forward looking
certain
2,013
431
circumstances, monetary authorities may opt to respond in order to guide inflation expectations down.
hawkish
forward looking
uncertain
2,005
620
meanwhile, inflation expectations for 2023 have remained steady, while those for 2024 and 2025 have declined slightly.
dovish
forward looking
certain
2,023
660
yields declined on buying interest following the increase in the fed funds rate target range during the us fed’s monetary policy meeting on 25-26 july 2023, with us fed chairman jerome powell’s post policy statement seen as dovish by the market.
dovish
not forward looking
certain
2,023
388
the preliminary composite purchasing managers’ index (pmi) remained above the 50-point expansion threshold at 54.0 in december 2019, higher than the november 2019 pmi reading of 53.1.
hawkish
not forward looking
certain
2,020
177
- although the secondary market yields and term spreads declined across all tenors on 6 september 2011 relative to end-july 2011, the bigger decline in the yields for shorter tenors led to a relatively steeper yield curve.
neutral
not forward looking
certain
2,011
859