Bangko Sentral Ng Pilipinas: Backing Up Its Tough Anti-Inflation Talk with a 50bp Rate Hike
Summary: 2Q GDP’s swoon failed to distract policymakers from backing up its tough anti-inflation talk with a 50bp rate hike in yesterday’s...
381 Views
Philippine 2Q18 GDP: Shift to Low Gear Despite Upbeat Investments
Summary Despite lower than expected 2Q GDP growth (6%YoY), domestic demand excluding inventory (10.3%YoY) was more upbeat due to robust spending...
391 Views
Philippines: Fast Core and Furious Headline Inflation in July
Summary: Peakish headline inflation at 5.7%YoY (but higher than expected), cruising core CPI (4.5%YoY) against headline CPI’s furious pace and...
332 Views
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...
284 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...
484 Views