Remolona warns BSP may raise rates if oil hits $100/barrel

 

Stocks fall as Middle East conflict drags peso to 59 Stock benchmark tumbled to end the week on a somber note, joining the regional retreat as escalating geopolitical tensions in the Middle East drove the peso back toward record lows and clouded the outlook for domestic inflation. Read more Possible LPA may bring scattered rains to Visayas, Mindanao in coming days — PAGASA The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) on Friday, March 6, said a low-pressure area (LPA) may form east of Mindanao in the coming days and could bring scattered rains and thunderstorms to parts of Visayas and Mindanao. Read more Rockfalls, lava flows continue as Mayon Volcano eruption enters 60th day EFFUSIVE eruption at Mayon continues to generate incandescent lava flows, pyroclastic density currents or “uson,” and rockfalls. (Photo from the Philippine Institute of Volcanology and Seismology) Effusive unrest at Mayon Volcano reached its 60th day on Friday, March 6, with persistent lava flows, volcanic earthquakes, and occasional explosive bursts, the Philippine Institute of Volcanology and Seismology (Phivolcs) said. Read more Remolona warns BSP may raise rates if oil hits $100/barrel BSP Governor Eli Remolona Jr The Bangko Sentral ng Pilipinas (BSP) may need to raise interest rates if global oil prices surge to $100 per barrel, as such a spike could push inflation beyond the central bank’s comfort range, BSP Governor Eli M. Remolona Jr. said. Read more