November 15, 2023 03:52 GMT
MNI BSP Preview - November 2023: A Close Call But Likely On Hold
It what is likely to be a close call, we expect the BSP to hold steady at tomorrow's policy meeting
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- The recent downside inflation surprise in the Philippines, coupled with less hawkish offshore developments (Fed on hold, US CPI miss) suggests that the BSP can hold steady tomorrow.
- It will be a close call though with risks to the rate outlook still skewed to the upside. The BSP is also still likely to leave a hawkish impression in terms of its commentary and reiterate that it stands ready to act again.
- Click to view the full preview here: