Weak peso, rising oil prices: What it means for the PH economy | Michael Ricafort | Business 360

Weak peso, soaring oil prices: What's next for the Philippine economy? The peso has revisited its record low against the U.S. dollar, while rising global oil prices and fresh threats to shipping in the Red Sea are adding pressure to inflation and the country's economic outlook. RCBC Chief Economist Michael Ricafort joins us to discuss the outlook for the peso, the Bangko Sentral ng Pilipinas' policy direction, the impact of higher fuel prices and wage hikes on inflation, as well as his forecasts for GDP growth, interest rates, and the Philippine economy through year-end. 🕥 10:00 a.m., Mondays - Fridays 📺 Free TV Ch. 31, Cignal Ch. 24, Samsung TV Plus, TCL Smart TVs, Blast TV, AmasianTV 📱 Cignal Play, BNC YouTube and Facebook Visit our website: https://bnc.ph Check out our official social media accounts:   / bncphl     / bncdotph     / bnc.ph     / bnc.ph      / @bncphl   #bilyonaryonewschannel #bnc #business360 Warning: Unauthorized use of any BNC videos without proper approval will lead to legal action to the fullest extent of the law.