Datasets:
gtfintechlab
/
central_bank_of_the_philippines

Dataset card Data Studio Files Community
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999
revenue collections accounted for expenditures were equivalent to 95.5 percent of the program for the same period.
neutral
not forward looking
certain
2,010
134
in the philippines, the continued sound macroeconomic fundamentals as evidenced by the imf’s raising its growth forecast for the philippines, alongside with the markets’ pricing-in of an expected credit rating upgrade by moody’s, further eased widening pressures in the country debt spreads.
dovish
not forward looking
certain
2,013
522
this brought the ng budget deficit to p172.2 billion for the period january-november 2003, p17.5 billion below the program for the same period.
dovish
not forward looking
certain
2,004
422
unemployment rose as 1.74 million entered the labor force, exceeding the 1.40 million net jobs that were generated.
dovish
not forward looking
certain
2,004
239
the mb reiterated that it will continue to monitor closely domestic the time of the policy meeting.
irrelevant
not forward looking
certain
2,015
996
maintain the bsp’s policy interest rates at 7.5 percent for the overnight rrp (borrowing) rate and 9.75 percent for the overnight rp (lending) rate; b.
neutral
forward looking
certain
2,007
146
- the peso strengthened slightly over the us dollar as the decision of the ecb to inject fresh funds into the euro zone economy prompted investors to shift back to emerging market assets, including the peso.
dovish
not forward looking
certain
2,015
218
- the country’s growth prospects remain intact for 2023 to 2025 despite global headwinds and tighter financial conditions.
neutral
forward looking
certain
2,023
290
pmi readings for manufacturing, retail/wholesale and services sectors have also remained in expansion territory.
neutral
forward looking
certain
2,012
783
this development could lead to lower headline inflation, providing monetary authorities more room for flexibility.
dovish
forward looking
certain
2,008
473
the resulting year-to-date average inflation of of 2.0–4.0 percent for 2022.
neutral
not forward looking
certain
2,022
315
however, the robustness of exports growth registered in the first quarter could diminish in the second quarter as the yen strengthened further against the dollar and as uncertainty over the strength of overseas markets continued.
neutral
forward looking
uncertain
2,002
815
meanwhile, the potential escalation of trade tensions between the us and china on global trade and investments could result in further downward adjustments to world growth projections.
dovish
forward looking
uncertain
2,019
909
the monetary board decided to: a) maintain the overnight rrp (borrowing) rate at 4.50 percent; and b) maintain the current overnight deposit and overnight lending rates at 4.00 percent and - the monetary board (mb) deemed the prevailing monetary policy settings to be appropriate, with latest baseline inflation forecasts settling within the target range of 3.0 percent ± the mb also noted that while real sector activity moderated in the first quarter of the year, overall domestic economic activity is likely to remain firm, supported by a projected recovery in household spending and the continued implementation of the government’s infrastructure spending program.
neutral
forward looking
certain
2,019
934
the differentials between the rp 91-day t-bill rate (net of rp withholding tax) and the 90-day us libor and 90-day us t-bill rate for the month of june widened to 1.9 percent and 2.1 percent, respectively, compared to the previous month’s average differentials of 1.6 percent and 1.8 percent.
hawkish
not forward looking
certain
2,002
402
- the us federal open market committee (fomc) kept its federal funds target rate at 5.25 percent for the sixth consecutive time in january, noting indications of firmer economic growth and some improvements in the housing market.
neutral
not forward looking
certain
2,007
510
asean manufacturing conditions stabilized in november, with the pmi improving to 50.0 from
neutral
not forward looking
certain
2,023
732
- the psei breached the 6,800 level and reached an 11-month high in may on bullish trading.
hawkish
not forward looking
certain
2,014
26
tighter global financial conditions due to persistent high inflation also contributed to the decline.
hawkish
not forward looking
certain
2,023
39
- the diffusion index of price changes and the number of cpi items above threshold were also lower in february.
dovish
not forward looking
certain
2,019
86
the us fomc maintained its target for the federal funds rate at economic growth slowed significantly in the second quarter, partly reflecting the cooling housing market.
neutral
not forward looking
certain
2,006
47
quarter of 2004 reached p61.8 billion, lower than the deficit level for the same period last year of p63.1 billion.
neutral
not forward looking
certain
2,004
807
unemployment fell unexpectedly in february to 5.2 percent from 5.5 percent in the previous month.
hawkish
not forward looking
certain
2,003
957
meanwhile, year-todate energy sales increased by 4.6 percent from 1.7 percent in the comparable period last year.
neutral
not forward looking
certain
2,007
903
vis-à-vis the us dollar as of 18 december 2007 from its 29 december the south korean won and the indonesian rupiah depreciated by 1.0 percent and 4.3 percent, respectively.
neutral
not forward looking
certain
2,007
526
- the monetary board noted that there was still room for an additional outlook: inflation will fall within the target ranges for both 2009 and information available at the time of the policy meeting.
dovish
forward looking
certain
2,009
933
equally important, with supply-side forces expected to continue to drive inflation in the coming months, inflation expectations have remained elevated amid indications of second-round effects.
hawkish
forward looking
certain
2,018
454
ng spending also expanded by 4.5 percent y-oy in january-october 2023.
hawkish
not forward looking
certain
2,023
606
current forecasts suggest that inflation is likely to settle slightly above the midpoint of the point target range in 2015.
neutral
forward looking
uncertain
2,014
941
- the mb’s decision to maintain the policy rates is based on its assessment that current monetary policy settings remain appropriate given a manageable inflation environment and subdued economic outlook.
dovish
forward looking
certain
2,011
298
on a month-on-month seasonally adjusted basis, inflation in september increased to 1.2 percent from 1.1 percent in the previous month.
hawkish
not forward looking
certain
2,023
702
these measures could, therefore, mitigate cost-side pressures on inflation for the rest of the year.
dovish
forward looking
certain
2,002
142
prices of beef products were steady in july.
neutral
not forward looking
certain
2,008
273
the economy grew by 6.9 percent in q1 2016, faster than the quarter- and year-ago growth rates of 6.5 percent and 5.0 percent, respectively.
hawkish
not forward looking
certain
2,016
943
sugar prices went down amid increased production in brazil and thailand while oil prices declined due to a combination of weak demand and favorable supply prospects.
dovish
not forward looking
certain
2,014
223
other indicators also reflected an uptrend, including the following: the year-on-year core inflation, the three alternative measures of core inflation estimated by the bsp, and the number and weight of above-threshold items.
hawkish
not forward looking
certain
2,011
154
the increase in m3 growth was due to the expansion in net foreign assets.
dovish
not forward looking
certain
2,019
103
[3] this was a slight deceleration from the 13.4 percent growth registered in june.
neutral
not forward looking
certain
2,006
724
while domestic production is seasonally low during the lean months, recent reports attribute the increase in rice prices more to the series of domestic fuel price hikes affecting transportation and logistics costs, as well as farmgate prices, prompting traders and retailers to adjust their selling prices.
hawkish
not forward looking
certain
2,022
369
this could trigger a second round effect on the prices of other commodities estimated to be about twice that of the direct impact, which would raise the average annual inflation for 2002 by about 0.48 percentage point.
hawkish
forward looking
uncertain
2,002
502
expectations of higher yields due to favorable weather conditions and continued government support foster conditions for stable food prices going forward.
dovish
forward looking
certain
2,004
44
the within-target inflation outlook is also in line with the latest bsp and private sector surveys, which indicate declining and well-contained inflation expectations.
dovish
forward looking
certain
2,011
532
with ample liquidity, some banks have continued to place their excess funds in government securities as well as in the rrps and sda facilities of the bsp.
dovish
not forward looking
certain
2,002
106
- prospects for global economic activity have broadly improved.
neutral
forward looking
certain
2,024
558
meanwhile, contractions were observed in thailand, indonesia, malaysia, and singapore.
dovish
not forward looking
certain
2,016
259
- meanwhile, manufacturing conditions in the asean region stabilized.
neutral
not forward looking
certain
2,020
616
year-on-year growth in volume of production index (vopi) for manufacturing was 2.8 percent in march from 1.6 percent in february.
hawkish
not forward looking
certain
2,005
114
foreign participation in the stock market strengthened as its share to total transactions increased slightly to 43 percent in march 2002 from 42 percent in january and february 2002.
neutral
not forward looking
certain
2,002
795
need to continue monitoring the evolving economic and financial developments and to assess their impact on the long-run price path.
neutral
forward looking
certain
2,004
338
[11] moreover, foreign participation in the local bourse dropped slightly to 51 percent in may 2002 from dominated foreign buying by p674.81 million.
neutral
not forward looking
certain
2,002
155
on the other hand, several major central banks – bank negara malaysia, bank of japan, reserve bank of australia and bank of england – have eased their monetary policy settings largely to support domestic output growth.
dovish
not forward looking
certain
2,016
186
developments in agriculture - nationwide average retail rice prices showed mixed outturns in october covering all provinces and key cities in the country.
neutral
not forward looking
certain
2,022
222
inflation expectations also remain broadly aligned with the target over the policy horizon.
dovish
forward looking
certain
2,014
162
global inflation continues to be influenced by developments in energy prices.
neutral
not forward looking
certain
2,007
862
- latest demand indicators affirm the earlier assessment that domestic demand conditions would remain relatively firm.
neutral
forward looking
certain
2,017
87
in march, domestic liquidity growth decelerated to 4.2 percent (from 7.1 percent in february) while bank lending expanded at a slower rate of 9.9 percent (from 13.7 percent).
dovish
not forward looking
certain
2,019
569
this was higher compared to the 4.4 percent growth registered in the same month a year ago but lower than the 7.7 percent expansion posted last month.
neutral
not forward looking
certain
2,008
164
percent increase in the previous month and 3.6 percent expansion in november 2003.
neutral
not forward looking
certain
2,005
90
- oil companies again raised the price of gasoline by p1.00 per liter on during the month.
hawkish
not forward looking
certain
2,009
843
developments in agriculture - agricultural output grew by 3.5 percent in the first semester of 2007 from 5.2 percent in the same period a year ago.
neutral
not forward looking
certain
2,007
945
similarly, power rates of the power supply agreements and independent power producers transmission charge and other bill components declined.
dovish
not forward looking
certain
2,013
775
further downside risks are expected to stem from additional price increases in oil and other commodities.
hawkish
forward looking
certain
2,008
762
petitions for electricity rates and transport fare adjustments; the proposed increase in the excise taxes of alcoholic beverages; the impact of african swine fever on meat prices; and higher global oil prices are seen as the main upside risks to inflation.
hawkish
forward looking
certain
2,019
354
shorter-dated instruments, however, declined more significantly than longer-term instruments, reflecting the rush of investors toward safe-haven, short-term assets in response to the heightened level of uncertainty in financial markets.
neutral
not forward looking
certain
2,011
748
the latest risk-adjusted inflation forecast for 2024 eased to 3.9 percent from 4.2 percent in the previous meeting in december.
dovish
forward looking
certain
2,024
29
other indicators such as year-on-year core inflation and seasonally-adjusted month-on-month (m-o-m) headline inflation also reflected an uptrend.
hawkish
not forward looking
certain
2,012
840
developments in the utilities sector - the generation charge of meralco registered a slight uptick in october as prices from the wholesale electricity spot market (wesm) increased brought about by the reduction in available generation capacity and the output of coal‐fired plants, which have undergone repairs and maintenance.
hawkish
not forward looking
certain
2,012
544
industrial production and retail sales regained some momentum.
neutral
not forward looking
certain
2,005
287
- the mb considered the risks surrounding the inflation outlook to remain tilted to the downside.
dovish
forward looking
certain
2,011
727
nevertheless, asset price movements continue to warrant careful attention.
neutral
not forward looking
certain
2,010
703
however, the return of liquidity at the end of the holiday season and ng disbursements resulted in oversubscription in the 7-day tdf, bringing down the wair to oversubscriptions.
dovish
forward looking
certain
2,018
626
meanwhile, netting out the interest payments in the expenditures, the primary surplus amounted to p202.7 billion, p56.4 billion higher than the level recorded in the period january-august 2013.
dovish
not forward looking
certain
2,014
446
an active approach through further monetary easing to increase the stimulus to economic activity and respond to the lingering weakness in overall demand; and b.
dovish
forward looking
certain
2,003
207
domestic claims rose by 7.3 percent year-on-year in march from 8.8 percent in the previous month due to the improvement in bank lending to the private sector and expansion in net claims on the central government.
dovish
not forward looking
certain
2,022
466
month for both food and non-food items, particularly fuel, light and water (flw).
irrelevant
not forward looking
certain
2,002
605
growth in the first half of 2005.
neutral
not forward looking
certain
2,005
75
meanwhile, the futures market remained in backwardation as of - domestic pump prices of petroleum products remain significantly higher relative to end-2021 levels even with the recent rollback of kerosene and diesel prices.
hawkish
not forward looking
certain
2,022
16
domestic liquidity (m3) growth accelerated to 9.0 percent as of endseptember from the 7.7 percent year-on-year increase registered as of end considered by the monetary board on 22 october 2002 august.
dovish
not forward looking
certain
2,002
428
- for the first two weeks of june, the peso appreciated against the us dollar following dovish remarks from the us federal reserve, as well as market optimism ahead of the trade negotiations between the united states and china on the sidelines of g20 summit on 28 and - domestic liquidity slightly increased while credit growth was broadly steady.
dovish
not forward looking
certain
2,019
98
- analysts expect within-target inflation over the policy horizon, although upside risks continue to dominate their outlook owing to supply-side pressures and potential second-round effects.
dovish
forward looking
uncertain
2,024
960
the index was likewise boosted by optimism over the forthcoming second quarter local corporate earnings reporting season and by mostly firmer regional market activity.
dovish
not forward looking
certain
2,013
485
results of the may 2013 bsp survey showed lower mean inflation forecasts for 20132015.
dovish
forward looking
certain
2,013
538
however, the generation charge was raised in december as meralco passed on its recovery of purchased power costs resulting in a p0.06/kwh increase in its generation charge.
hawkish
not forward looking
certain
2,007
572
[12] similarly, the department of energy (doe) noted that the implementation of the wholesale electricity spot market (wesm) by september 2002 could also bring down the cost of electricity by another 40 centavos per kwh.
dovish
forward looking
certain
2,002
61
this was also higher than the 1.3 percent growth in the same period last year.
neutral
not forward looking
certain
2,007
689
meanwhile, economic recovery in the euro area showed a gradual firming up but continued to be modest.
neutral
not forward looking
certain
2,004
615
production by the organization of petroleum exporting countries international oil prices in july.
neutral
not forward looking
uncertain
2,003
976
likewise, higher year-on-year inflation rates from non-food items (clothing and footwear, health, recreation and culture, as well as restaurant and miscellaneous goods and services) tempered the negative inflation outturn in housing, water, electricity, gas and other fuels during the month.
neutral
not forward looking
certain
2,016
260
- credit activity has weakened further banks reported tighter lending standards due to a reduced tolerance for risk and a less favorable economic outlook.
hawkish
not forward looking
certain
2,021
948
loan quality improved following steady growth in lending.
dovish
not forward looking
certain
2,022
518
- outstanding loans of commercial banks (kbs) increased modestly by 1.3 percent in april relative to the same month in 2005.
neutral
not forward looking
certain
2,006
779
the expected increase in rice prices has been kept at bay, with some cities even registering declines in prices between the 1st and 2nd phase surveys in august, as domestic rice supply is augmented by private sector rice imports.
dovish
forward looking
uncertain
2,021
46
- the philippine equity market raised p16.9 billion in fresh capital for the period january to february 2011, lower by 15 percent compared to the previous year’s level.
neutral
not forward looking
certain
2,011
527
- based on the preliminary results of the january 2008 labor force survey (lfs), the unemployment rate declined to 7.4 percent in - salaries of government employees are expected to increase by 10 percent effective july 2008.
hawkish
not forward looking
certain
2,008
377
results of the january 2016 consensus economics inflation forecast survey likewise showed a lower mean inflation forecast for 2016 at 2.4 percent (from 2.5 percent).
dovish
forward looking
certain
2,016
5
the increase in global oil prices were reflected in the domestic pump prices of petroleum products, which were the main drivers of non-food inflation.
hawkish
not forward looking
certain
2,021
956
barrel during the period 1-17 november 2003 from us$27.27per barrel average price in october.
neutral
not forward looking
certain
2,003
864
foreign exchange - in february 2010, the peso averaged slightly weaker at p46.29/us$1 from p46.01/us$1 in january 2010 as concerns over the january inflation data dragged down the peso in the first week of february.
neutral
not forward looking
certain
2,010
861
- in the latest world economic outlook as of july 2010, the imf raised the 2010 growth forecast for world output, noting the modest but steady recovery in most advanced economies and the strong growth in many emerging and developing economies.
dovish
forward looking
certain
2,010
48
[3] the dcs, which replaced the monetary survey (ms) as the basis for measuring domestic liquidity, features an expanded list of surveyed institutions that includes the bsp, commercial banks, thrift banks, rural banks, non-stock savings and loan associations and non-banks with quasi-banking functions.
neutral
not forward looking
certain
2,006
256