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...
159 Views
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)...
158 Views
Who's In, Who's Out
From a non-lawyer's perspective, the expulsion of the Chief Justice (CJ) of the Supreme Court may be among the outcomes of regime change instituted...
188 Views
As Dollar Rebounds, EM and Europe Consensus Narrative Shaken
Overweight EM debt and the euro were two of the most consensus trades coming into the year, and I’ve been bearish - both are unravelling fast as...
227 Views
Rate Hike Confirms Hawkish Guidance
Executive Summary: With its policy rate hiked by 25bp (now at 3.25%), the Monetary Board (MB) of the Bangko Sentral ng PIlipinas (BSP) backed up...
209 Views