P40 INCREASE in the daily minimum wage in the National Capital Region (NCR)
THE P40 INCREASE in the daily minimum wage in the National Capital Region (NCR), which will take effect on Sunday (July 16), is unlikely to drive inflation beyond the central bank’s target band, the National Economic and Development Authority (NEDA) said. “We estimate...
Effects of volatility in the foreign exchange (FX)
In a discussion paper titled “Does Exchange Rate Volatility Matter for Economic Growth,” BSP researchers said exchange rate volatility can lower growth in some economies like the Philippines, but only in the short term. “In the short run, exchange rate volatility...