MANILA, Philippines–The Bangko Sentral ng Pilipinas will likely keep its policy rates at current record lows until the middle of 2010 to further boost the economy, which is seen to recover only modestly from the impact of the global economic crunch.
This was the projection of investment bank Barclays Capital, which said the BSP would want to witness faster credit growth to support more economic activity.
Prakriti Sofat, regional economist of Barclays Capital, said in an analysis of the Philippine economy that the BSP may allow the peso to strengthen a bit to help maintain a benign inflation.
“From a policy perspective, we think that the central bank will lean toward using the currency as an instrument to contain inflation, with our yearend target being 46 [$1:P46],” the bank economist said.
After hovering in the 47-to-a-dollar territory earlier in the year, the peso has moved to the 46 range and touched 45 in intra-day trade last Tuesday because of rising foreign exchange inflows, mainly remittances from Filipinos abroad.
An appreciation of the peso makes imported goods cheaper, thereby tempering overall inflation. –Michelle Remo, Philippine Daily Inquirer
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
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