UOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting reviewed the recently published inflation figures in the Philippines. Key Quotes “Headline inflation moderated for the first time in four months to 2.6% y/y in Feb (from 2.9% y/y in Jan). This was against our estimate and Bloomberg consensus of a rise to 3.0%. The unexpected slowdown in Feb inflation was thanks to lower prices of food, fuel and electricity.” “For the rest of the year, inflation expectation will likely remain in check and well within the central bank’s target range of 2.0%-4.0% even though recent external events and lingering domestic policy changes have posed upside risks to the inflation outlook. The key upside risks include petitions for electricity rates and transport fare adjustments; as well as potential impact of recent weather disturbances and the COVID-19 outbreak on domestic food prices. We maintain our 2020 full-year inflation target at 3.0% (BSP’s forecast: 3.0%).” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Forex Today: Gold, yen soar, stocks, dollar dive as US coronavirus fears leap, Non-Farm Payrolls eyed FX Street 2 years UOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting reviewed the recently published inflation figures in the Philippines. Key Quotes “Headline inflation moderated for the first time in four months to 2.6% y/y in Feb (from 2.9% y/y in Jan). This was against our estimate and Bloomberg consensus of a rise to 3.0%. The unexpected slowdown in Feb inflation was thanks to lower prices of food, fuel and electricity.” “For the rest of the year, inflation expectation will likely remain in check and well within the central bank’s target range of 2.0%-4.0% even though recent external events and… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
