MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI: US NOV IMPORT PRICES +0.1%

MNI: CANADA Q3 INDUSTRIAL CAPACITY UTILIZATION RATE 79.3%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Gov Remolona Says BSP Could Consider Rate Cut If CPI Eases Below +4% Y/Y By Oct

BSP

Wires are running comments from newly appointed Bangko Sentral ng Pilipinas Governor Eli Remolona, who says that the central bank could consider cutting interest rates if inflation slows below +4% Y/Y by October.

  • Remolona notes that the June inflation outturn supports a pause in interest-rate action. If CPI eases, the BSP will consider a rate pause in August.
  • Data released in Asia hours showed that headline inflation in the Philippines eased to +5.4% Y/Y in June from +6.1% prior versus +5.5% expected.
  • The official says that the BSP is "structurally hawkish" and is not looking just at the policy rate but at the path of policy rate.
  • Remolona took office on Monday. During his first speech, he promised to maintain continuity and "build on the progress we have already made."
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.