Hold, hike or cut?

PHILIPPINES - Report 25 Mar 2015 by Romeo Bernardo and Christine Tang
It is a foregone conclusion that Thursday’s meeting of the Monetary Board of the BSP will see policy rates on hold.What divides market players is whether policy rates will remain steady for the rest of the year, or whether hikes or cuts are in store. The April issue of Focus Economics shows that of 21 respondents, 14 forecast steady rates, 6 an increase, and 1 a decrease. Events to date, including the missing “patient” in the Fed Chair’s statement last week and the launch of the ECB’s stimulus program, have yet to change our view that local policy rates will remain where they are this year....

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.