Essayer OR - Gratuit
Remolona flags inflation spike risk
Manila Bulletin
|June 21 2025
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. warned that rising global oil prices and the peso's depreciation streak could push inflation above five percent, a level last seen nearly two years ago.
"We do scenario analysis today [Friday] in which we focus on particular risks. Oil is one of the big risks that we worry about. We have a bad scenario, if I may call it that, in which our inflation rate could exceed five percent," Remola said in a OneNews interview on Friday, June 20.
"But we hope it doesn't happen and we're carefully watching that," he added.
The last time inflation accelerated faster than five percent was in September 2023, when it posted a 6.1 percent rate. It then gradually declined throughout the year until May 2025, when it clocked in at 1.3 percent — its slowest in nearly six years since November 2019.
Remolona cited the combination of rising Dubai crude oil prices and the sharp devaluation of the local currency as the major contributors to a spike in consumer prices.
Cette histoire est tirée de l'édition June 21 2025 de Manila Bulletin.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Manila Bulletin
Manila Bulletin
VIVA JESUS NAZARENO
Manila braces for massive Traslacion crowd. DOH: Watch out for signs of a stampede. PNP: Security measures now in place in Manila
3 mins
January 9, 2026
Manila Bulletin
Marcos to visit UAE; signing of free trade, defense deals set
President Marcos is set to undertake a working visit to the United Arab Emirates (UAE) next week where he is expected to sign a free trade agreement and defense deal.
1 min
January 9, 2026
Manila Bulletin
BSP resists pressure to defend peso
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. admitted there is intense pressure to defend the Philippine peso against its continued decline, but said the central bank has held its ground, as the economics of it do not justify intervention.
2 mins
January 9, 2026
Manila Bulletin
New BOC unit to boost collection
President Ferdinand R. Marcos Jr.'s chief economic manager is upbeat about government revenue collection in 2026, as the Bureau of Customs (BOC) moves to strengthen its policy- and intelligence-driven decision-making with the creation of a new strategic unit under the BOC chief's first order of the year.
1 mins
January 9, 2026
Manila Bulletin
Rice imports slump 30% amid ban
The country’s rice imports last year reached 3.37 million metric tons (MT), nearly 30 percent lower than the record high in 2024, amid the imposition of an import ban as rice production improved.
2 mins
January 9, 2026
Manila Bulletin
BIR files P48-M tax evasion raps vs flood control project contractor
The Bureau of Internal Revenue (BIR) on Thursday, Jan. 8, filed before the Department of Justice (DOJ) a P48-million tax evasion complaint against a contractor in an alleged \"ghost\" flood control project in Bulacan
1 mins
January 9, 2026
Manila Bulletin
Employers, self-employed with unpaid PhilHealth contributions granted amnesty
President Marcos has ordered the Philippine Health Insurance Corp. (PhilHealth) to grant amnesty to business owners, private employers, and self-employed Filipinos who have unpaid contributions.
1 min
January 9, 2026
Manila Bulletin
Lessons from MMFF 2025
People are saying lots of things for and against the recently held Metro Manila Film Festival 2025, the 51st edition of this long-held cultural tradition.
2 mins
January 9, 2026
Manila Bulletin
One Battle After Another dominates SAG Actor Awards with seven nods
“One Battle After Another” dominated nominations to the Actor Awards on Wednesday, with Paul Thomas Anderson’s ragtag revolutionary saga landing a record seven nods in the annual SAG-AFTRA honors.
2 mins
January 9, 2026
Manila Bulletin
UN sees PH miss 2025 GDP target
The weaker-than-expected four-percent growth in the third quarter last year, compounded by a corruption scandal, is likely to weigh on the economy, with the Philippines once again seen missing its target in 2025 before picking up in the succeeding years, according to the United Nations (UN).
1 min
January 9, 2026
Listen
Translate
Change font size