June Radar Report: BSP not as dovish?

Metrobank Research forecasts domestic headline inflation to peak in July, supporting its view that the Bangko Sentral ng Pilipinas (BSP) will start their easing cycle in Q4 when inflation expectations have settled well within the government’s target.

We add a downward bias to its 4.0% inflation forecast for 2024, on the back of a projected softening of upward pressures from rice and oil prices.