UOB Group Senior Economist Julia Goh and Economist Loke Siew Ting comment on the rate hike through the BSP.
“As expected, Bangko Sentral ng Pilipinas (BSP) continued to normalize its key rates (August 18) with an additional accumulation of 50 base issues. This brings the overnight repurchase rate (RSO) to 3. 75%, the demand deposit rate to 3. 25%, and the loan rate to 4. 25%. Today’s interest rate increase marked the fourth consecutive rate to accrue with 175 base issues accumulated since May.
“The Monetary Council (MB) has that additional financial policy measures are needed to anchor inflation expectations and avoid further over-target inflation over the political horizon. The strong domestic economic expansion in H122 also gave the central bank the flexibility to act against inflationary pressures. It expects national headline inflation to rise further to 5. 4% this year (from its June estimate of 5. 0%, UOB is: 5. 0%) before slowing to 4. 0% in 2023 (from the June estimate of 4. 2%, UOB is: 4. 0%) and 3. 2% in 2024 (from the June estimate of 3. 3%). »
“Overall, financial policy and the BSP governor’s comments at today’s press conference indicated that MBs continue to leave the door open to further rate increases. That said, BSP almost completely reversed its collective rate cuts of two hundred fundamental emissions during the pandemic. Persistent uncertainties, namely the dangers of a global recession until 2023, and a transitory decline in global oil costs may also lead the central bank to suspend rate hikes soon. Therefore, we maintain our call to BSP to raise its key interest rates through 25 additional base issues in September and then keep the RSO rate at 4. 00% through 4Q22 and 2023, unless the global and national environments move in unforeseen directions.
The data on those pages include forward-looking statements that involve dangers and uncertainties. The markets and tools presented on this page are for informational purposes only and should in no way appear to be a recommendation to buy or sell those assets. You deserve to do your own thorough studies before making any investment decisions. FXStreet does not warrant that this data is free from errors, mistakes or curtain inaccuracies. Nor does it guarantee that this data is of a timely nature. Investing in open markets involves a lot of risk, adding total or partial waste of your investment, as well as emotional distress. All dangers, losses and prices related to the investment, adding the total loss of capital, are your responsibility. The perspectives and reviews expressed in this article are those of the s and do not necessarily reflect the official policy or position of FXStreet or its advertisers. They will not be guilty of the data found at the end of the links. played on this page.
Unless explicitly stated otherwise in the framework of the article, at the time of writing, the writer has no charge in the movements discussed in this article and has no business appointments with the corporations discussed. The writer has not earned any remuneration for the writing of this article, other than from FXStreet.
FXStreet and the do not provide personalized recommendations. He makes no representations as to the accuracy, completeness or relevance of this data. FXStreet and the shall not be liable for errors, omissions or losses, injuries or damages resulting from this data and its demonstration or use. Unless there is an error or omission.
Neither FXStreet nor are they registered investment advisors and nothing in this article is intended to be investment advice.
EUR/USD continues to trade in a small diversity under parity on Thursday. The knowledge showed that retail sales rose in August, but the Philadelphia Federal Reserve’s production index fell sharply in September. Investors are keeping an eye on Wall Street’s opening bell.
Ethereum Merge will have a huge impact on the crypto ecosystem. Despite its short history, crypto has several key updates aligned, the merger and HARD FORK ETHW.
GBP/USD remains under downward pressure and is trading below 1. 1500 on Thursday. Following the combined US macroeconomic data, the US inventory index futures are still in the us. UU. se are trading in negative territory, allowing the dollar to remain resilient against its rivals.
Gold is still on its back and trading deep into negative territory below $1690 in the US session. Thursday’s U. S. The yield on U. S. TreasuriesThe 10-year benchmark U. S. is clinging to gains above 3. 4% after the most recent U. S. data. In the US, allowing the XAU/USD to rally.
I’m in all the forums. I run all filters. I pay attention to all the podcasts. Maybe I’m just forgetful, but I can’t that anyone has put ORCL on their list of precedence. At least not for dividends.
Note: All data on this page is subject to change. The use of this implies acceptance of our user agreement. Read our privacy policy and our legal notice.
Trading forex on margin carries a high degree of risk and may not be suitable for all investors. The maximum level of leverage can be for both you and you. Before you decide to invest in currencies, you should thoroughly consider your investment. objectives, point of experience and appetite for threats. It is conceivable that you will suffer a total or partial loss of your initial investment and therefore deserve not to invest money that you cannot lose. You deserve to be aware of all the threats related to forex trading and seek the recommendation of an independent monetary advisor if you have any doubts.
The perspectives expressed in FXStreet are those of the individual authors and do not necessarily constitute the perspectives of FXStreet or its management. FXStreet has not verified the accuracy or factual basis of any constitution made through an independent author: errors and omissions may occur. . All opinions, news, research, analysis, costs or other data contained on this website, through FXStreet, its employees, partners or collaborators, are provided as general market observation and do not constitute investment advice. FXStreet will not accept any liability for any loss or damage, including but not limited to any loss of profits, that may arise directly or indirectly from the use of or reliance on such data.