MINIMUM WAGE hikes exceeding P25 per day could prompt monetary authorities to raise policy rates, a Bangko Sentral ng Pilipinas (BSP) official said on Thursday.
“A P25 [wage] increase has been factored in already in the recent rate increase. If it’s higher than that then we have to run reviews,” central bank Deputy Governor Diwa C. Guinigundo told reporters late on Thursday.
The central bank last week raised interest rates — its first adjustment since July 2009 — by 25 basis points, warning of mounting inflationary pressures.
The Trade Union Congress of the Philippines last month filed a petition for a P75 across-the-board increase in Metro Manila and earlier this week the Trade secretary said pay adjustments were necessary given rising prices.
On Thursday, President Benigno S. C. Aquino III was quoted as saying that wage hikes are allowed if inflation hits 5%. The day before, BSP Governor Amando M. Tetangco, Jr. said inflation — at 4.3% in February — could top 5% in the second and third quarters.
The view that wage have to be adjusted is “something to be clarified” Mr. Guinigundo said.
“The president noted that wage hikes will be allowed if inflation will hit 5%. But is this a moving average or just a monthly figure,” he said.
The Monetary Board, Mr. Guinigundo added, has been vigilant in keeping prices stable. “This is precisely the point why the MB raised policy rates,” he said. –Businessworld
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
