October Inflation Data Due Shortly, Also Out September Trade Figures
Coming up shortly is October inflation data. The market consensus is +0.4% m/m (prior 1.1%). The y/y pace is projected at 5.6%, prior was 6.1%. The BSP's forecast range is 5.1% to 5.9% for the print.
- Exports are forecast at -4.7% y/y (prior 4.2%), while imports are seen at -9.0% y/y (prior -13.1%). If realized this should leave the trade deficit close to unchanged at -$4100mn.