A resurgence in global energy prices is poised to test the resilience of the peso, though aggressive monetary policy from the Bangko Sentral ng Pilipinas (BSP) will likely insulate the currency from extreme volatility, according to DBS Bank. DBS senior economist Radhika Rao wrote in a commentary...
Goldman Sachs Group Inc. holds one of the most optimistic full-year consumer price outlooks for the Philippines, forecasting an average inflation rate of 5.2 percent as global energy prices experience a rapid and sharp pullback. Goldman economists Yuting Yang and Goohoon Kwon said in a July 3...
Currency pressures from the global oil shock have dissipated, allowing the Philippine peso to rebound and even outperform other regional currencies, Singapore-based UOB said, which expects the previously battered currency to fare better against the United States (US) dollar thanks to falling oil...
Japanese financial giant MUFG Bank Ltd. expects the Philippine peso to gradually regain footing against the United States (US) dollar on the back of lower oil prices, improving government spending, and additional interest rate hikes by the Bangko Sentral ng Pilipinas (BSP). MUFG Global Markets...
Among Asian currencies, the Philippine peso sustained the second-largest losses against the United States (US) dollar since the US Federal Reserve (Fed) meeting, with analysts blaming the country’s reliance on foreign capital and persistent current account deficit. While regional markets grappled...
The Bangko Sentral ng Pilipinas (BSP) is expected to maintain its hawkish monetary policy stance, according to international lenders, though economists remain divided on how many additional interest-rate increases will be needed to combat persistent supply-side inflation. Japanese financial...
Asian currencies rebounded against the United States (US) dollar following US President Donald Trump’s announcement of a peace deal with Iran, with the Philippine peso leading regional gains. “As far as Asian currencies were concerned, the Philippine peso returned from holiday and led Asian...
Japanese financial giant MUFG Bank Ltd. said the Philippine peso may start clawing back recent losses and reverse its underperformance following unexpected news that the United States (US) and Iran will sign a peace deal on Friday, allowing the Strait of Hormuz to reopen. “Asian currencies such...
British banking giant Barclays said dovish members of the Monetary Board (MB) will likely support a less aggressive policy stance amid signs of cooling inflation, adding that monetary authorities may reverse their tightening cycle by 2027 to buoy a slowing economy. “With the May inflation print...
The Philippines’ automotive market has received another vote of confidence from Japan, with the Japan Bank for International Cooperation (JBIC) backing a $573-million financing package to support the vehicle sales business of Mitsubishi Motors Finance Philippines Inc. (MMFP). In a statement...
MUFG Bank Ltd., Japan’s largest commercial lender, is prepared to finance nuclear energy projects in the Philippines as part of its regional sustainable finance strategy, though it favors smaller reactors over reviving the country 's dormant, large-scale assets. In a media roundtable, MUFG...
The domestic inflation environment remains persistently “challenging,” according to the Bangko Sentral ng Pilipinas (BSP), a factor that MUFG Bank Ltd. believes could prompt the central bank to further tighten monetary policy to help anchor the pressured peso. Last Friday night, June 5, the BSP...
