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The People's Bank of China has just released the latest figures! From January to May, new social financing amounted to 14.8 trillion yuan, a year-on-year increase of 7% for M2.
RMB loans increased by 11.14 trillion yuan in the first five months, while RMB deposits increased by 9 trillion yuan.
Market Chatter: Philippine President Flags Inflation as 'Greatest Problem'
Philippine President Ferdinand Marcos flagged inflation as the country's "greatest problem" but noted that the government managed to curb it to a "reasonable, almost manageable level," the Philippine Information Agency reported Wednesday.
Philippine Rate Cut Likely to Come After Fed, Finance Chief Says
The Philippine central bank will “most probably” lower its key interest rate after the Federal Reserve’s own policy easing, according to Finance Secretary Ralph Recto who sees more than one cut this year.
Philippine Rate Setter Sees Multiple Cuts in 2024 to Spur Growth
The Philippine central bank has space to cut its key interest rate at least twice this year to spur economic growth, Monetary Board Member Benjamin Diokno said, citing within-target inflation and a “robust” peso.
Philippine Inflation Rises Further to 3.9% in May
The Philippines' inflation rate rose for the fourth straight month in May due to the faster increases in utility and transport costs, the nation's statistics agency reported Wednesday.
Philippines Inflation Uptick Doesn't Take Rate Cuts off Table -- Market Talk
The slight pickup in Philippines headline CPI inflation doesn't shift Goldman Sachs's call for the start of rate cuts in 4Q.