Deutsche Bank projects the Bangko Sentral ng Pilipinas will raise interest rates due to El Niño risks affecting the Philippine economy.

The entities involved

• Philippines →

  archipelagic country in Southeast Asia

  • Philippines hosts Donald Trump's Asia Pacific visit amid US economic and fuel blockades against Cuba.09:25
  • The Philippine Congress and House approve legislation focused on the Blue Economy.07:32
• Bangko Sentral ng Pilipinas →

  central bank of the Philippines

  • The Senate held a finance committee hearing in the Philippines involving the central bank, Bangko Sentral ng Pilipinas.Thu 23:56
  • Higher US interest rates are strengthening the dollar, prompting consideration of intervention by the Bangko Sentral ng Pilipinas.Thu 14:23
• El Niño →

  Spanish rap artist

  • El Niño poses a threat to Micro, Small, and Medium Enterprises (MSMEs).09:51
  • Strengthening El Niño patterns are currently driving extreme weather risks specifically across the Southern United States.07:18

Related events

• El Niño is affecting the wider Asia-Pacific region, impacting the Philippines, and being monitored by the World Meteorological Organization.Jul 10
• El Niño caused significant agricultural losses in the Philippines, leading to monitoring by PAGASA and response from the Senate and UN.Oct 23
• El Niño is threatening rice yields and causing drought and flooding in the Philippines.Jun 24
• The ADB is closely monitoring the Philippine economy as it lags regional averages amid global oil price shocks driven by war.Jul 8
• El Niño is affecting weather patterns in Luzon, which is being monitored by PAGASA.Jun 15