Philippines: Amid Easing Broad Money, BSP's Anti-Inflation Bias Intensifies
Summary: Broad money deceleration in June was due to less liquidity spillover from Treasury’s deficit-funding (withdrawal of its cash deposits...
288 Views
Philippines: Revenue Overperformance Dissipates 2Q18 Fiscal Stimulus
Summary: With a 2Q primary surplus, the 1H18 fiscal backdrop flagged waning fiscal stimulus due to better- than-programmed revenues eclipsing...
485 Views
Bangko Sentral's Rate Hike to Persist While Bank Reserve Cuts Stall
In a departure from BSP's (Bangko Sentral ng Pilipinas) plan to recalibrate its operational liquidity tools, BSP Gov. Nestor Espenilla Jr....
400 Views
Swelling Philippine Trade Gap in May Despite A Competitive PHP
Executive Summary: Hefty trade gap in May did not severely undermine the BoP Competitive PHP boost unable to offset lackluster export...
464 Views
Persistent Weakness of the Bangko Sentral's FX Reserves
Shedding value. The country’s BoP shortfall (US$2bn in Jan-May) lowered the gross international reserves (GIR) of the Bangko Sentral ng Pilipinas...
324 Views