TODAY’S REPORT
March 24, 2023

The Gist

The Gist Image

Your Morning Fix

  • The Bangko Sentral ng Pilipinas (BSP) raised its policy rate by 25 basis points (bps) to 6.25% and said that it would be data-dependent on future monetary policy decisions.
  • The BSP lowered its average inflation forecasts from 6.1% to 6% in 2023 and from 3.1% to 2.9% in 2024 due to easing inflation in February and a softer global growth outlook.
  • US Treasury Secretary Janet Yellen told US lawmakers that regulators “would be prepared to take additional actions if warranted”, a day after her remarks against “blanket” deposit insurance rattled markets.
  • US jobless claims fell by 1,000 to 191,000 in the week ending March 18, the second consecutive week of decline, hovering near historic lows and underscoring a still-tight job market.
Read Today's Full Report
The Gist
EXCLUSIVE STORIES FROM METROBANK
STORIES FROM METROBANK

Exclusive Articles
Filter By Topic

Filter By Topic

Markets
Portfolio Picks
Wealth

Economy 5 MIN READ

Revisiting the collapse of Lehman Brothers

With what’s happening in the banking sector right now, some fear a Lehman-like fiasco waiting to happen. Here we re-examine what happened in 2008 and what lessons we learned.

By Ina Calabio, Geraldine Wambangco, and EA Aguirre March 24, 2023
Economy 4 MIN READ

Is the Credit Suisse CoCo meltdown a cause for concern in Asia?

As global markets reel from the failures of SVB and Credit Suisse, investors are worried about the performance of their bank-issued securities and the likelihood of a contagion effect in Asia.

By Patty Membrebe March 23, 2023
Rates & Bonds 2 MIN READ

Peso GS Weekly: Expect yields to trade in the same range

Take advantage of selloffs to buy peso GS at higher yields.

By Geraldine Wambangco March 22, 2023
Currencies 5 MIN READ

The US dollar isn’t out just yet

There’s still greater demand for US dollars and USD-denominated assets but could the recent US banking issues hold bank the greenback’s strength?

By EA Aguirre March 22, 2023
Economy 3 MIN READ

Is inflation decelerating?

The Philippines’ February inflation inched down, for the first time in six months. Is this a sign that inflation has already peaked?

By Anna Isabelle “Bea” Lejano March 22, 2023
Investment Tips 3 MIN READ

No 2008 redux: containing the Credit Suisse chaos

Before it was Main Street, now it’s Switzerland’s Paradeplatz. We are dealing with a crisis of confidence, not a debt crisis. For now, the forced sale of Credit Suisse has calmed the markets.

By Ruben Zamora March 22, 2023
FROM OUR PARTNERS

The Latest News

Philippine News

Worldwide News From Reuters

From Around The Globe

Read More News
Explainer Articles
Explainer 4 MIN READ

What is the foreign exchange swap line? 

Recently, top central banks revisited a tool in their tried-and-tested playbook called the foreign exchange swap line. Learn how it helps ensure that financial institutions run smoothly.

Key Points
  • How do foreign exchange swap lines work?
  • How did the Global Financial Crisis affect rates?
  • What can we learn from history?
Videos
Webinars
Strategy Updates

Strategy Update October 2022

This contains the strategy update of Metrobank as of October 6, 2022.

How may we help you?

Search topics about wealth insights and investments.