Fitch cites PH’s sound monetary policy, inflation slowdown

PTVPhilippines

Fitch cites PH’s sound monetary policy, inflation slowdown   For more news, visit:  ►https://www.ptvnews.ph/  Subscribe to our DailyMotion Channel: ►http://www.dailymotion.com/peoples-television-incorporated  Subscribe to our YouTube channel: ►http://www.youtube.com/ptvphilippines  Like our Facebook pages: ►PTV: http://facebook.com/PTVph  ►Rise and Shine Pilipinas: https://www.facebook.com/riseandshinepilipinas  Follow us on Twitter:  ►http://twitter.com/PTVph  Follow us on Instagram: ►https://www.instagram.com/ptvph  Watch our livestream on:  ►http://ptvnews.ph/livestream/ ►https://www.dailymotion.com/PTVPhilippines  Watch our News Programs, every Mondays to Fridays  Rise and Shine Pilipinas - 6:00 - 7:00 am | 7:30 - 8:00 am Balitang Pambansa - 7:00 - 7:30 am | 12:00 - 12:30 pm | 6:00 - 6:30pm | 9:30 - 10:00 pm PTV Sports - 8:00 - 9:00 am Bagong Pilipinas Ngayon - 12:30 - 1:00 pm Sentro Balita - 1:00 pm - 2:00 pm Ulat Bayan - 6:30 pm - 7:00 pm PTV News Tonight -  10:00 pm - 10:30 pm  Saturday & Sunday: ►Sentro Balita Weekend - 1:30 - 2:00 pm ►Ulat Bayan Weekend - 6:15 pm - 7:00 pm

Transcript

00:00Credit rating agency Fitch Ratings has recognized the country's sound monetary policy

00:05which helped ease inflation. According to Philippine News Agency's report,

00:09Fitch cited the country's progress in bringing down inflation, which averaged 3.2 percent in

00:14the first 11 months of 2024, from 6 percent in the same period last year. To help bring inflation

00:20back to within target range of 2 to 4 percent, the Banco Centralang Pilipinas, or BSP, raised

00:26interest rates by a total of 100 basis points last year. Since then, inflation has slowed,

00:32settling at 2.5 percent in November of this year. Meanwhile, it expects Philippine economic growth

00:39to accelerate to 5.7 percent this year, further to 5.9 percent next year, and 6.2 percent in 2026.

Category

Transcript

Recommended