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...
285 Views
Week Ahead in Global Macro: FOMC, US-China Tariffs, RBNZ, BI Vs BSP, Italy Budget, EZ CPI/Confidence
Our guide to this week’s global macro risk events and trading opportunities. This week in questions (our take/answers within this insight): What...
305 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...
397 Views
Quo Vadis, PHP?
August inflation print of 6.4%YoY demanded a lower PHP to recover competitiveness but not by as much as 54. We estimate 53.77 as the ideal PHP...
238 Views