The Bangko Sentral ng Pilipinas is grappling with the economic fallout of the Middle East war, specifically addressing oil shocks and inflation targets.
Steady: 0 in the last 7 days
Updated sep 13
The latest in this situation
How it started
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What happened
The Bangko Sentral ng Pilipinas is grappling with the economic fallout of the Middle East war, specifically addressing oil shocks and inflation targets.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Inflation expectations exceed BSP tolerance band due to Middle East conflict.1 source
- Conflict in the Middle East involving Iran is affecting global oil prices.Sub-event
BSP raises interest rates to combat inflation driven by war and El Niño.1 source
- The Philippine financial system is showing growth despite the ongoing economic fallout from the Middle East war.Sub-event
- Sector growth reflects healthy lending and deposit inflows, though hostilities may complicate bank asset outlook.Sub-event
BSP advises potential rate hikes amid energy shocks from the Middle East war.1 source
- Geopolitical de-escalation following a US-Iran peace deal is easing energy supply risks, stabilizing costs in Japan, and benefiting Philippine inflation.Sub-event
BSP addresses oil shocks from Middle East war and inflation targets.1 source
Keep exploring
The entities involved
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Bangko Sentral ng Pilipinas
central bank of the Philippines
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
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Maybank
Malaysian universal bank
Nothing else this week.
Related events
- Middle East tensions are driving up global oil prices and inflation, prompting the BSP to manage the peso's foreign exchange market.
- Bangko Sentral ng Pilipinas monitors Middle East developments for inflation implications, with UnionBank economists analyzing the impact on policy targets.
- The Middle East conflict is causing oil price increases and inflation, leading central banks to manage policy amid global pressures.
- Middle East war disrupted oil and gas supplies, leading to high fuel costs and inflation in Thailand.
- Geopolitical tensions in the Middle East drove fuel price increases, leading to increased maintenance revenue for GMF AeroAsia.
Coverage
Newest first; wire copies grouped- bworldonline.com
- bworldonline.com
- bworldonline.com
- tribune.net.ph
- tribune.net.phMARCOS JR. FACES A NATION ON EDGE
- philstar.comCentral bank walks tightrope
- bworldonline.com
- bworldonline.com
- bworldonline.comBSP chief sees 'small chance' of aggressive tightening amid renewed volatility - BusinessWorld Online
- bworldonline.com