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20th May 2022 00:10Emerging Asia, Daily Monitor

The Bangko Sentral ng Pilipinas raised the overnight reverse repo rate by 25bp, to 2.25%...

...We see just one more hike this year, versus the consensus for three, as H2 will be very different.

A weak Q2 GDP report and the impending U-turn in oil inflation should force a pause in August.

deficit employment gdp report government government securities government spending headline rate interest rate June labor labour labour market loans March May oil oil price oil prices policy q2 q2 gdp rate hike repo transport transport inflation unemployment us

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