Job Creation/Growth Priorities Dictate the Unemployment-Inflation Tradeoff
TRAIN (Tax Reform for Acceleration and Inclusion) in play and the government’s BBB (build, build, build) strategy are strong assurances of an...
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Philippines - Too Hot Money and Credit
We have been warning about the torrid rate of growth in Philippines money and credit aggregates for quite some time and we are distressed to note...
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No CPI Surge in May But Inflation Above 4% Likely to Persist
Executive Summary: Near-term relief from surging inflation would strongly suggest an MB on hold and thus, bode well for risk asset market...
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Imminent Wage Hike Could Compel Rate Tightening in 3Q18
Executive Summary: In response to broadening disenchantment with rising inflation, Pres. Duterte ordered the regional wage boards (RWB) to review...
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When the Liquidity Lift from a Bank Reserve Cut Is Not Inflationary
For the 2ndtime this year, the Bangko Sentral ng Pilipinas (BSP) slashed the bank reserve requirement ratio by another 1% to 18% (effective June)...
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