Rates Outlook: Wrestling with tariff uncertainty

(Editor’s Note: This outlook is subject to updates.)

Earl Andrew “EA” Aguirre, Investment Counselor Department Head, Financial Markets Sector, Metrobank, said the uptick last week was driven by dealers covering bullish peso positions and news of potential US tariffs against countries supporting BRICS. Looking ahead, the local market appears to be shrugging off the tariff deadline, suggesting the spot rate will likely continue to respect its current range.