Philippines Central Bank Has Little Impetus to Budge -- Market Talk

Dow Jones04-09

0242 GMT - The Philippine central bank looks set for an extended pause amid domestic and global risks, DBS economists say. DBS pushes rate-cut expectations back to 4Q, with rising inflation likely to keep BSP from loosening before then, senior economist Radhika Rao says. DBS revises its 2024 inflation forecast for the country to 3.7%, seeing base effects and high food prices pushing headline CPI above target in 1H. Policymakers are also mindful of pipeline pressures from non-food catalysts like higher transport charges and global oil prices, Rao adds. Global cues by way of a delayed start to the U.S. rate-cut cycle and resultant PHP volatility will further prompt BSP to stay defensive. (fabiana.negrinochoa@wsj.com)

(END) Dow Jones Newswires

April 08, 2024 22:42 ET (02:42 GMT)

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Policymakers are also mindful of pipeline pressures from non-food catalysts like higher transport charges and global oil prices, Rao adds. Global cues by way of a delayed start to the U.S. rate-cut cycle and resultant PHP volatility will further prompt BSP to stay defensive. 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DBS pushes rate-cut expectations back to 4Q, with rising inflation likely to ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6112","symbol_name":"综合性银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2426190014","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2426190014","pubTimestamp":1712630520,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Copyright (c) 2024 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6112":"综合性银行","LU0577902371.SGD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (SGD) ACC","SG9999002620.SGD":"LionGlobal South East Asia SGD","LU0557290698.USD":"施罗德环球可持续增长基金","SG9999003800.SGD":"Nikko AM Global Dividend Equity Acc SGD-H","LU0577902298.EUR":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (EUR) ACC","SG9999013460.SGD":"LionGlobal Singapore Dividend Equity Fund SGD","SG9999001903.USD":"Aberdeen Standard Pacific Equity USD","LU0831093199.SGD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AM3\" (SGDHDG) INC","LU0577902538.SGD":"Fullerton Lux Funds - Asia Growth and Income Equities A Acc SGD","LU0630378429.USD":"HSBC GIF ASIA PACIFIC EX JAPAN EQ HD \"AM2\" (USD) INC","SG9999001127.SGD":"United Singapore Growth Fund SGD","SG9999008742.SGD":"Eastspring Investments Unit Trusts - Singapore ASEAN Equity SGD","SG9999013478.USD":"利安新加坡股息基金","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","D05.SI":"星展集团控股","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","BK6523":"ESG概念","LU0577902454.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) ACC","SG9999002604.SGD":"LionGlobal Singapore/Malaysia SGD","SG9999002562.SGD":"LionGlobal Asia Pacific SGD","SG9999011175.SGD":"Nikko AM Global Dividend Equity Dis SGD-H","SG9999002679.SGD":"LionGlobal Singapore Balanced SGD","SG9999001846.SGD":"Schroder Asian Equity Yield A Dis SGD","SG9999005177.SGD":"Legg Mason Martin Currie - Southeast Asia Trust A Acc SGD","LU0543330483.HKD":"TEMPLETON ASIAN GROWTH \"A\" (HKD) ACC","SG9999001135.SGD":"United ASEAN Fund SGD","SG9999014302.SGD":"RHB Singapore Income Fund SGD","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","LU0048573645.USD":"富达东盟基金","LU0128522157.USD":"TEMPLETON ASIAN GROWTH \"A\" ACC","LU0251143029.SGD":"Fidelity ASEAN A-SGD","LU0488056044.USD":"Allianz Asian Multi Income Plus Cl AM DIS USD","LU0384037296.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AT\" (USD) ACC","SG9999014492.USD":"NIKKO AM ASEAN EQUITY \"A\" (USD) ACC","LU1282649067.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AMG\" (USD) INC A","LU0210637038.USD":"HSBC GIF THAI EQUITY \"AD\" INC","LU0084288322.USD":"Natixis Asia Equity RD USD","SG9999004220.SGD":"Nikko AM Shenton Asia Dividend Equity Fund  SGD","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD","SG9999000459.SGD":"Aberdeen Standard Pacific Equity SGD","SGXZ58947870.SGD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (SGDHDG) INC","LU0532188223.SGD":"JPMorgan Funds - ASEAN Equity A (acc) SGD","LU0831103253.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD","SG9999003826.SGD":"日兴资管新加坡股息基金 SGD","SGXZ27511609.SGD":"NIKKO AM SINGAPORE DIVIDEND EQUITY \"SGD\" (SGD) ACC","LU0029875118.USD":"TEMPLETON ASIAN GROWTH \"A\" INC","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","LU0873338254.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) INC","LU0577902611.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"A\" (USD) ACC"},"translate_title":"菲律宾央行几乎没有动力让步——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"D05.SI":0.9},"content_text":"0242 GMT - The Philippine central bank looks set for an extended pause amid domestic and global risks, DBS economists say. DBS pushes rate-cut expectations back to 4Q, with rising inflation likely to keep BSP from loosening before then, senior economist Radhika Rao says. DBS revises its 2024 inflation forecast for the country to 3.7%, seeing base effects and high food prices pushing headline CPI above target in 1H. Policymakers are also mindful of pipeline pressures from non-food catalysts like higher transport charges and global oil prices, Rao adds. Global cues by way of a delayed start to the U.S. rate-cut cycle and resultant PHP volatility will further prompt BSP to stay defensive. 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