Information about Asia and the Pacific Asia y el Pacífico
Journal Issue
Share
Article

Statement by IMF Staff Representative on Philippines September 17, 2018

Author(s):
International Monetary Fund. Asia and Pacific Dept
Published Date:
September 2018
Share
  • ShareShare
Information about Asia and the Pacific Asia y el Pacífico
Show Summary Details

The information below has become available following the issuance of the staff report. It does not alter the thrust of the staff appraisal.

1. Headline CPI inflation picked up to 6.4 percent (y/y) in August from 5.7 percent in July, which brings the year-to-date average to 4.8 percent (y/y). Core CPI inflation rose to 4.8 percent (y/y) in August from 4.5 percent in July, resulting in a 3.7 percent (y/y) year-to-date average.

2. Since end-July, the peso has depreciated by 1.8 percent against the U.S. dollar, equity prices fell by 1.0 percent, and the 10-year government bond yield rose by 93 basis points. On a year-to-date basis, the peso has depreciated by 7.8 percent, equity prices fell by 12.9 percent, and the 10-year government bond yield rose by 177 basis points.

3. Gross international reserves increased from US$76.7 billion at end-July to US$77.8 billion at end-August.

Other Resources Citing This Publication