DOWNLOAD
Tag: dollar-peso exchange
June Radar Report: BSP not as dovish?
In our latest Radar, we look at the actions of the Bangko Sentral ng Pilipinas in light of the Philippines’ rising headline inflation being driven by the increase in index housing, electricity, water, and gas rises.
By Ruben Zamora, EA Aguirre, Kaila Balite, Marian Florendo, Geraldine Wambangco, Joshua Tatlonghari, Christina Virtudazo
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.
June Radar Report: BSP not as dovish?
Terminating structured notes prior to maturity may result in potential mark-to-market (MTM) losses depending on the prevailing foreign exchange rate at the time of the unwind. Clients are encouraged to hold their structured notes until the maturity date to avoid potential losses.
Download