Interest rate sa bansa, bahagyang ibinaba ng BSP dahil sa posibleng pagbaba ng inflation rate

4 months ago

Bahagyang ibinaba ng Bangko Sentral ng Pilipinas ang interest rate ngayong posibleng bumaba ang inflation rate sa mga susunod na buwan. Good news 'yan para sa mga consumer pero posibleng makaapekto sa presyo ng mga bilihin.

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Transcript

00:00The Central Bank of the Philippines lowered the interest rate.

00:05Now, it's possible that the inflation rate will go down in the coming months.

00:09That's good news for the consumers.

00:12But it's possible that it will affect the prices of the goods.

00:17Maki Polido is on the scene.

00:21To control the inflation rate or to speed up the price of the goods,

00:25the Central Bank of the Philippines raised the interest rate last year.

00:29Now, the Central Bank of the Philippines can see that the inflation rate will go down

00:33by 4.4% in the coming months.

00:36The Monetary Board decided to lower the interest rate

00:39from 6.25% to 6.5%.

00:43On the downside risks, these are mainly due to lower import tariffs on rice.

00:51And the lower tariff is expected to reduce upward pressure on domestic rice prices.

00:58On the upside risks, the main factors behind this

01:07would be through possibly higher electricity rates

01:13and also through external factors.

01:15Lowering the interest rate means that the interest of the debtors in the bank is lower.

01:21The income of those who invest, for example, in government bonds and treasury bills,

01:25is lower than that of the debtors in the bank.

01:28We buy a house, we buy a car, we buy a motorcycle, we use a credit card.

01:34The low interest rate is in favor of the residents.

01:40That's why the sales executives of some car dealerships

01:44said that this could be a hindrance to their plans to borrow money to buy a car.

01:48If we total their payments,

01:51sometimes that becomes the hindrance

01:53if we will continue with the purchase or not.

01:57So the interest rates really matter.

01:59But it is also possible that this will affect the inflation rate.

02:02The value of the peso could go down if the interest rates go down.

02:06That's why the products that will be imported are more expensive.

02:09If the value of the peso goes down,

02:12it means that you will need more pesos for your imports.

02:19The imported products, when they arrive in the market, are more expensive.

02:24Inflation is still possible.

02:27So this is not a one-way street.

02:30It is very difficult to balance.

02:36For GMA Integrated News, Macky Pulido, for 24 Hours.

Interest rate sa bansa, bahagyang ibinaba ng BSP dahil sa posibleng pagbaba ng inflation rate | 24 Oras

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