Surging Annualized Inflation in June
Executive Summary: Higher than expected inflation in June can be traced to more of the same price catalysts with base effect in play. But it's the...
441 Views
BoP Shortfall: From Strong Net Imports to Hefty Net Financial Outflows
The 1Q18 balance of payments (BoP) deficit of 1.6% of 1Q GDP downplayed the current account shortfall (-0.3% of 1Q GDP) as the fundamental reason...
155 Views
Week Ahead in Global Macro: EU Summit, US-China Restrictions, USTs, RBNZ, BI/BCRA, Mex/Indo Election
Our guide to this week’s global macro risk events and trading opportunities. This week in questions: Will the UST curve see a "mini-inversion" at...
138 Views
The MB Hikes Its Policy Rate Again Amid Slumping PHP
The MB’s second, consecutive 25bp hike. In its policy meeting yesterday (June 20), the Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP)...
100 Views
Why PHP Beyond 53 May Not Move BSP's Policy Rate
Executive Summary: The Monetary Board (MB) would react to a stronger USD only if it aggravates inflation expectations (IE) in succeeding quarters...
120 Views