Philippines: BSP expected to hike rates this month – UOB – by pabspiovano Philippines InterestRate CentralBanks Banks
Economist at UOB Group Lee Sue Ann suggests the BSP could raise further its policy rate at the September 22 meeting.“Thus, we stick to our call for a hike in the policy rate by another 25bps in Sep and thereafter keep the RRP rate at 4.00% through 4Q22 and 2023, unless both global and domestic environments move in unexpected directions.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD: A sustained decline below 0.9900 is not favoured – UOBDespite the recent price action, a sustained drop below 0.9900 in EUR/USD appears unlikely for the time being, noted FX Strategists at UOB Group Lee S
Read more »
NZD/USD faces a gradual decline – UOBIn the opinion of FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang, the downside pressure could motivate NZD/USD to slip back to 0.6975 ahea
Read more »
GBP/USD remains under pressure above 1.1400 – UOBFX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang talked down the possibility of a break below 1.1400 in GBP/USD in the near term. Key Quotes
Read more »
US Inflation Rate in August Runs Hot at 8.3%, Peter Schiff Says America's 'Days of Sub-2% Inflation Are Gone' – Economics Bitcoin NewsThe CPI reduction was less than expected and market analysts believe the Fed will continue its aggressive rate hikes going forward. Inflation Economics USeconomy
Read more »
Surprisingly hot August inflation data solidifies odds of another jumbo Fed rate hikeAugust inflation data came in hotter than expected, raising the odds of an even more aggressive Federal Reserve interest rate hike when policymakers meet next week.
Read more »
US Equities Update: S&P 500, Nasdaq Attempt to Halt Declines after CPIThe massive sell-off in US equities and risk assets in general appears to have quelled the optimism that was priced in, reflecting a view that inflation was going to decline in August. Get your market update from RichardSnowFX here:
Read more »