Philippines: Inflation deflates further in May – UOB – by pabspiovano Philippines Inflation CPI Banks
Senior Economist at UOB Group Julia Goh and Economist Loke Siew Ting comments on the latest release of inflation figures in the Philippines.The Philippines’ headline inflation eased for a fourth straight month to 6.1% y/y in May , marking the lowest level since Jun 2022. The reading matched Bloomberg consensus but came in a tad lower than our estimate of 6.2%.
The latest month of inflation outturn and anchored inflation expectations continue to strengthen the case that the BSP may have been done with its rate hikes. Real interest rates have turned positive for the first time since Sep 2020 last month while core inflation eased for a second month albeit at a moderate pace, further reflecting the lagged effects of past rate hikes. Hence, we reiterate our year-end BSP rate projection to be unchanged at the current 6.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
USD/MXN Price Analysis: Peso bulls eye fresh high since May 2016 ahead of Mexican InflationUSD/MXN Price Analysis: Peso bulls eye fresh high since May 2016 ahead of Mexican Inflation USDMXN Technical Analysis Inflation SwingTrading ChartPatterns
Leer más »
EUR/USD now faces some consolidation – UOBUOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang suggest EUR/USD could now trade within 1.0635-1.0785 in the next few weeks. Ke
Leer más »
GBP/USD is now seen within 1.2350-1.2550 – UOBGBP/USD is now expected to navigate between 1.2350 and 1.2550 in the short term, note UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Se
Leer más »
NZD/USD: Further side-lined trading on the cards – UOBIn the opinion of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, NZD/USD faces extra range bound trade within 0.5985-0.6140
Leer más »
Further consolidation seen around USD/JPY – UOBUSD/JPY is now forecast to keep the 138.50-141.00 range for the time being, comment UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser
Leer más »