OctaFX | OctaFX Forex Broker
Sign in
Open account
Back

Philippines: Will the central bank pause policy tightening? - ING

Prakash Sakpal, Economist at ING, suggests that the stage is set for the Philippines’ central bank to keep its policy on hold when it meets next week even though a surprisingly steep drop in inflation in November than expected, to 6.0% from 6.7% in the previous month vs a consensus of 6.3% was a relief for the Bank.

Key Quotes

“The central bank meeting is unlikely to pass as a complete non-event as markets will be focused on the central bank’s assessment of inflation-growth risks for 2019, while the balance of risks remains tilted toward inflation considering current elevated inflation expectations and the second-round effects of the administrative hikes in transport and fuel.”

“Even so, we believe inflation has peaked, and so has the central rate hike cycle, which could even make the central bank ease the policy as early as the second quarter of 2019.”

 

Trump is losing his own trade war against himself - Bloomberg

As reported by Bloomberg, US President Donald Trump's trade war with China comes along with its own self-inflicted injuries, including a steepening tr
Read more Previous

South Africa Net $Gold & Forex Reserve climbed from previous $42.194B to $42.577B in November

South Africa Net $Gold & Forex Reserve climbed from previous $42.194B to $42.577B in November
Read more Next
Start livechat