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Michael Ricafort

Michael Ricafort is a chief economist at Rizal Commercial Banking Corporation, known for his analyses on the Philippine economy, including inflation, monetary policy, and the impact of global economic trends on local markets. His insights often influence economic discussions in the Philippines, particularly regarding interest rates, stock market performance, and trade policies.

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This is an AI-generated summary based on recent coverage. It was last updated on Wed, September 17, 2025 at 1:12 AM

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Recent developments on Michael Ricafort

Fri, September 5, 2025 at 3:34 PM

Philippine banks' NPL ratio climbs to 3.40% in July

The Philippine banking sector's gross nonperforming loan (NPL) ratio reached an eight-month high of 3.40% in July, an increase from 3.34% in June.

Wed, July 23, 2025 at 12:55 PM

Palace: US tariffs to have limited economic impact

Malacañang stated that the 19% US-imposed reciprocal tariff on Philippine exports will have limited effects on the country's economy, as confirmed by economists from ADB and CreditSights, and RCBC.

Wed, July 9, 2025 at 5:14 PM

PSEi dips amid US tariff concerns, peso gains

The Philippine Stock Exchange index (PSEi) shed 0.63 percent, closing at 6,463.20 points on Thursday, July 10, 2025, due to concerns over the latest US tariff rates.

Wed, July 9, 2025 at 10:11 AM

PSEi closes at 6,504.34, highest in nearly two months

The Philippine Stock Exchange index (PSEi) advanced by 70.74 points or 1.1 percent to close at 6,504.34 on Wednesday, marking its highest close in nearly two months.

Mon, June 30, 2025 at 5:45 PM

PSEi corrects ahead of inflation data release

The Philippine Stock Exchange index (PSEi) corrected on Wednesday, shedding 0.07 percent to 6,419.05 points, as investors awaited the June inflation rate data.

Thu, June 26, 2025 at 4:48 PM

PSEi climbs for 4th day to 6,408 amid global rally

The Philippine Stock Exchange index (PSEi) extended its rally for a fourth consecutive session on Thursday, climbing 1.22 percent to settle at 6,408.27, its highest close in nearly a month.

Mon, May 19, 2025 at 4:04 PM

BTr awards PHP25B T-bills as bids reach PHP78.4B

The Bureau of the Treasury (BTr) successfully awarded all its offered Treasury bills (T-bills), accepting PHP25 billion in total.

Thu, May 8, 2025 at 10:42 AM

Philippines GIR down to $104.6B in April

The Philippines' gross international reserves (GIR) decreased to $104.6 billion by the end of April 2025, down from $106.7 billion in March 2025.

Mon, April 28, 2025 at 5:09 PM

BTr fully awards PHP25B T-bills on strong demand

The Bureau of the Treasury (BTr) successfully awarded all PHP25 billion in Treasury bills (T-bills) on Monday, with total tenders reaching PHP80.265 billion, over three times the amount offered.

Mon, March 31, 2025 at 12:00 AM

March inflation seen to slow to 2% on lower food, transport costs

Analysts anticipate that inflation in the Philippines further slowed in March due to decreasing food prices and reduced transportation expenses.