Insights 
INVESTMENT STRATEGY
THE BASICS
Downloads
DOWNLOAD
DOWNLOAD
DOWNLOAD
View all Reports
Economic Updates
Policy Rate Updates (September 21, 2023) Â
DOWNLOAD
Economic Updates
Economic Updates (September 15, 2023)
DOWNLOAD
Consensus Pricing
Consensus Pricing – September 12, 2023
DOWNLOAD
Follow us on our platforms.
Currencies3 MIN READ
Dollar eases after Fed-spurred rise; yen stronger ahead of BOJ
NEW YORK, Sept 21Â - The US dollar eased against a basket of currencies on Thursday, but remained near a six-month high, a day after the Feder...
By Reuters Read More
Markets4 MIN READ
Hedge fund demand for US Treasuries seen rising amid higher bond supply
NEW YORK, Sept 21 - Hedge funds will likely become increasingly important buyers of US Treasuries, providing liquidity in the world's biggest ...
By Reuters Read More
Equities2 MIN READ
Companies’ earnings expected to slow down in 2024
Inflation and high oil prices are hampering the ability of companies to generate revenues.
By Anthony O. Alcantara Read More
Economy2 MIN READ
Peso GS Weekly: Keeping an eye on the 10-year auctionÂ
This week, the 10-year auction takes center stage. It is an opportunity for those who were priced out of the 7-year offering last week to take positions.
By Geraldine Wambangco Read More
Rates & Bonds1 MIN READ
Impact of PH monetary policy tightening to be felt until next year — BSP chief
The economic impact of monetary policy tightening by the Philippine central bank will have a long lag and be felt into next year, Bangko Sentr...
By BusinessWorld Read More
TODAY’S REPORT
September 21, 2023
The Gist
Your Morning Fix
- US treasuries and equity indices continued to decline as investors digested the Federal Reserve’s remarks as well as lower-than-expected initial jobless claims at 201,000 vs. 225,000 forecast, which shows a still strong labor market.
- The Bank of England (BOE) decided to pause its policy rate at 5.25% after a tight 5-4 vote. The central bank has been hiking rates at every monetary policy meeting since November 2021.
- The Bangko Sentral ng Pilipinas (BSP) kept its policy rate unchanged at 6.25% as expected, but it signaled another rate hike in November should inflation pressures persist.
- The BSP revised its full-year average inflation forecasts from 5.6% to 5.8% for 2023 and 3.3% to 3.5% for 2024, reflecting the impact of weather disturbances, rising oil prices, and the depreciation of the peso.
- The National Economic and Development Authority (NEDA) has drafted an executive order that will expedite the processing and implementation of infrastructure flagship projects. There are 197 approved projects worth PHP 8.71 trillion, 12 of which are expected to be completed by year-end.
The Gist
EXCLUSIVE STORIES FROM METROBANKSTORIES FROM METROBANK
Exclusive Articles
Filter By Topic
Filter By Topic
Markets
Wealth
Filter By Topic
Markets
Wealth
Fine Living
4 MIN READ
Everyday outfits for the office: A guide to power casual dressing
Casual dressing is the perfect go-to outfit anytime and anywhere, even at work. Here’s how we can get the right match for your power casual dressing looks.
Economy
3 MIN READ
The continuing challenge of rising rice pricesÂ
Rice makes up 8.9% of the basket of goods and services used to measure inflation. How we manage the price of rice in periods of volatility is critical.
Economy
2 MIN READ
Back-to-back US Fed and BSP action: Still higher for longer
Despite benchmark interest rates remaining steady, rate hikes are not yet off the table.
Economy
2 MIN READ
Peso GS Weekly: Keeping an eye on the 10-year auctionÂ
This week, the 10-year auction takes center stage. It is an opportunity for those who were priced out of the 7-year offering last week to take positions.
Economy
6 MIN READ
September 2023 Updates: Upward revisions to inflation
August inflation has risen anew due to supply-driven shocks, prompting us to revise our 2023 outlook.
Equities
2 MIN READ
Companies’ earnings expected to slow down in 2024
Inflation and high oil prices are hampering the ability of companies to generate revenues.
FROM OUR PARTNERS
Philippine News
Worldwide News From ReutersFrom Around The Globe
Money Sense
Investment Tips2 MIN READ
Emergent opportunities: 3 sovereign bonds to explore
Metrobank’s credits research partner, CreditSights, has some recommendations for those looking for investment picks.
Investment Tips3 MIN READ
Keeping an eye on the three pillars of disinflation
Are prices in the US decelerating too fast? If your portfolio is tied up with US assets, you need to keep track of some important indicators.
Investment Tips3 MIN READ
Why invest in China?Â
Amid global uncertainties and negative market sentiment, China remains an investment option that is too big to miss out on.
Investment Tips3 MIN READ
Watch out for these energy transition movers
Renewable energy is the future. But to get there, we need liquefied natural gas (LNG). There are a few companies leading the way toward this bright future of renewables.
Investment Tips3 MIN READ
Technical Analysis: Is AI driving irrational behavior in the S&P 500?Â
Technical signals amid the global economic backdrop call for risk management.
Explainer Articles
Explainer
3 MIN READ
In looking at inflation, why do real rates matter?Â
Nominal and real interest rates are two sides of the same coin. Knowing the differences can help you understand the real return of an asset and help investors and borrowers chart their course.
Key Points
- What is the difference between real vs. nominal interest rate?
- How do we calculate the real interest rate?
- How do we interpret positive or negative real rates?
- How does monetary policy affect real interest rates?
Videos
Get More Insights
Webinars
See All Webinars
Investor Series: An Introduction to Estate Planning
In this webinar organized by the CFA Society Philippines, Wanda Beltran, Metrobank Head of the Accounts Management Division under the Trust Banking Group, shares some hard-earned lessons about poor estate planning and some tools and tips that can help people build an equitable legacy for their loved ones. September 1, 2023
Estate Planning: Building a Legacy for the FutureÂ
Watch this webinar to get a head start on estate planning. November 8, 2022
Outlook 2022: Recover. Restart. Rebalance.
Watch this episode of the Market Movers entitled “Outlook 2022: Recover. Restart. Rebalance. March 31, 2022Webinars
Strategy Updates
Strategy Update July 2023
This contains the strategy update of Metrobank as of July 12, 2023.
