FEBRUARY's lower-than-expected consumer price growth has increased the likelihood of the Bangko Sentral ng Pilipinas (BSP) resuming its easing cycle, analysts said, despite the likelihood of a continued pause by the US Federal Reserve.
FEBRUARY's lower-than-expected consumer price growth has increased the likelihood of the Bangko Sentral ng Pilipinas resuming its easing cycle, analysts said, despite the likelihood of a continued pause by the US Federal Reserve.'In terms of monetary policy conditions, things were still somewhat tight last year, despite the three policy rate cuts by the BSP last year. So we still have room to do better this year,' Citi economist Nalin Chutchotitham told reporters on Thursday.
'Citi Philippines CEO Paul Raymond Favila, meanwhile, said concerns that the peso could substantially weaken as a result of rate cuts were overblown.'Everybody keeps on saying that because of the expectations of looser monetary policy, then the peso is going to depreciate and hit P60 P62... I take the opposite view on that,' he said.'The world is much more complicated than just interest rate differentials.
Surprise Boosts Odds Of Return To Easing
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