Discerning Treasury's Bloated 2Q Funding Program
Behind Treasury's expanded 2Q18 borrowing plan (Php325bn) biased to t-bills is the intention to keep borrowing costs down to prevent material...
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Heightened Inflation Fears Spook 1Q Consumer Sentiment
Executive Summary: The Monetary Board may have been dissuaded from hiking its policy rate prematurely in its last meeting (March 22) by waning 1Q18...
107 Views
Not a Fed Copycat; For How Long?
Executive Summary: Despite the familiar hawkish tone, the Monetary Board of the Bangko Sentral ng Pilipinas, kept its policy rate unchanged as I...
117 Views
Not Your Typical Unemployment-Inflation Tradeoff
Inflation rising (Feb: 3.9%YoY) in concert with the jobless rate edging down to 5.3% (Jan labor survey) depicted an active inflation-unemployment...
116 Views
New CPI Series Sustains Inflation Upside in Feb but Less than 4%
Out with the old; in with the new CPIFeb inflation based on the new CPI (2012 base year) downplayed looming risk of an imminent policy rate hike...
100 Views