Pantheon Macroeconomics

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15th May 2024 17:51Emerging AsiaDaily Monitor

  • The BSP yesterday left the target reverse repo rate at 6.50%, with its statement still sounding hawkish…
  • …But Governor Remolona was more dove than hawk, saying a rate cut in August is now possible.
  • The BSP cut its 2024 CPI forecast to 3.8%; it’s been behind the curve and can afford to shoot lower.

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Keywords for: 17 May 2024 Emerging Asia Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence