Persistent Weakness of the Bangko Sentral's FX Reserves
Shedding value. The country’s BoP shortfall (US$2bn in Jan-May) lowered the gross international reserves (GIR) of the Bangko Sentral ng Pilipinas...
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Surging Annualized Inflation in June
Executive Summary: Higher than expected inflation in June can be traced to more of the same price catalysts with base effect in play. But it's the...
556 Views
BoP Shortfall: From Strong Net Imports to Hefty Net Financial Outflows
The 1Q18 balance of payments (BoP) deficit of 1.6% of 1Q GDP downplayed the current account shortfall (-0.3% of 1Q GDP) as the fundamental reason...
197 Views
Week Ahead in Global Macro: EU Summit, US-China Restrictions, USTs, RBNZ, BI/BCRA, Mex/Indo Election
Our guide to this week’s global macro risk events and trading opportunities. This week in questions: Will the UST curve see a "mini-inversion" at...
243 Views
The MB Hikes Its Policy Rate Again Amid Slumping PHP
The MB’s second, consecutive 25bp hike. In its policy meeting yesterday (June 20), the Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP)...
261 Views