CANADA TO PUBLISH FISCAL UPDATE ON DEC. 16

MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

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

Sell-Side Views Post Yesterday's CPI Outcome

PHILIPPINES

J.P. Morgan (albeit with risks tilted towards easing) and Goldman Sachs expect BSP to remain on hold for the remainder of this year. Pantheon see risks of Q4 cuts.

  • J.P. Morgan: "BSP to stand pat on policy rate, RRR reduction on the cards next. Barring any supply-side shocks that could illicit a sharp upward revision to the CPI forecasts, we believe the BSP will likely remain on hold this year. Should inflation remain on the downtrend, the risk bias around monetary policy later this year is one tilted towards easing. The pause in monetary policy action could open the door for an operational move of a reduction in the Reserve Requirement Ratio (RRR) in the coming months."
  • Goldman Sachs: "Going forward, as inflation pressures ease, we continue to expect BSP to keep its policy rate unchanged for the remainder of the year."
  • Pantheon: "Overall, our inflation forecast implies that the headline rate will return to within the BSP’s 2-to-4% target range in September, opening the door for the 50bp-worth of rate cuts we expect in the fourth quarter."
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.