Philippines OFW Remittances: Sustaining Trade Gap Funding But Missing the Demand Lift
Despite reported weakness (-0.9%YoY) of the August remittance flows, it contributed to funding bulk of the trade deficit and thus enabled the BoP...
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Philippines: Core Disinflation in September Amid Food Price Shocks
• Lower-than-expected inflation of 6.7%YoY in September was driven by soaring CPI rice and vegetables resulting from the typhoon-induced, supply...
358 Views
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...
356 Views
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...
288 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...
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