BEAMSTART Logo

‘Political risks could crimp fiscal reforms’

Business Mirror LogoBusiness Mirror12h ago

‘Political risks could crimp fiscal reforms’ - Business Mirror

Quick Summary:

RISKS such as the upcoming elections, volatile current account deficit (CAD), and the reduction of Reserve Requirement Ratio (RRR) could prevent the Bangko Sentral ng Pilipinas (BSP) from implementing aggressive monetary easing, according to Nomura in its Asia Economic Monthly report.

Earlier, officials said the last two meetings of the Bangko Sentral ng Pilipinas (BSP) could see 25-basis-point reductions in key policy rates following expectations that inflation could be lower than the August inflation print.

On the sidelines of a recent seminar on deepening financial markets at the Asian Development Bank (ADB), BSP Governor Remolona Jr.also told reporters that a single rate cut of 50 basis points (bps) may be reserved for expectations of a “hard landing.” (See: ).Cai U.


More Pictures

‘Political risks could crimp fiscal reforms’ - Business Mirror (Picture 1)

or

Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-14 @ 16:06:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 777 words

Reading Time: 5 minutes read

Sentences: 36 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23045074

View Article Analysis

About Business Mirror

Business Mirror Logo

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 65 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 12 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "‘Political risks could crimp fiscal reforms’" has 777 words across 36 sentences, which will take approximately 4 - 7 minutes for the average person to read.

Which news outlet covered this story?

The story "‘Political risks could crimp fiscal reforms’" was covered 12 hours ago by Business Mirror, a news publisher based in Philippines.

How trustworthy is 'Business Mirror' news outlet?

Business Mirror is a fully independent (privately-owned) news outlet established in 2005 that covers mostly business and startups news.

The outlet is headquartered in Philippines and publishes an average of 65 news stories per day.

It's most recent story was published 12 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #23045074
  • URL: https://beamstart.com/news/political-risks-could-crimp-fiscal-17289227268006

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

© Copyright 2024 BEAMSTART. All Rights Reserved.