Philippines: Another Aggressive BSP Rate Hike Mirrors Its Hawkish Stance
Amid typhoon-driven, supply shocks, rising but 'transitory' food prices, and domestic demand remaining firm, the Monetary Board (MB) approved...
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Philippines: Resilient Current Account Deficit Risk
While the hefty current account (C/A) deficit resumed in 2Q18 (-3.6% of 2Q GDP), it was offset by strong direct investments courtesy of FDI...
291 Views
Philippines: Sleuthing for Upside Risk to Rice CPI Post-Typhoon
We estimate rice inflation can rise (fall) by 0.26% for every 100K tons decrease (increase) of total rice inventory. Getting a ‘beta’ that...
406 Views
Philippine CPI: Heightened Food Inflation in Aug Creates Another Inflation Surge
August headline CPI's annualized rate hit a high of 10% (vs 6.2% in July) as this depicted inflation’s surge during the month. Broad food CPI’s...
374 Views
Philippine GDP: Speed Bump Ahead While Positioning for a 4Q Recovery
Sustained drag from discretionary spending and an export-driven, base effect, conspire to create a speed bump in 3Q18 that’s likely to slow GDP...
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