With the below-forecast inflation data from the Philippines, mainly due to easing food and fuel prices, analysts at the Australia and New Zealand Banking Group (ANZ) expect further weakness in the price pressure. The report also supports the claim of BSP’s 0.25% rate cut in May month meeting. Key quotes Easing food and fuel prices saw February headline inflation at 2.6% y/y, undershooting estimates. Inflationary pressures will likely remain modest amid lower global crude prices. The COVID-19 outbreak and its attendant impact on the economic activity should also suppress price pressures, although in the near term it may enhance volatility across the components of the inflation basket. Our current call is for the Bangko Sentral ng Pilipinas (BSP) to cut its policy rate by 25bps at its May meeting. That said, the COVID-19 outbreak and the ‘emergency’ easing by the US Federal Reserve have increased the odds for a cut in March. A deeper rate cut cycle is also likely. 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 FOMC to make three 0.25% cuts by June – Westpac FX Street 3 years With the below-forecast inflation data from the Philippines, mainly due to easing food and fuel prices, analysts at the Australia and New Zealand Banking Group (ANZ) expect further weakness in the price pressure. The report also supports the claim of BSP’s 0.25% rate cut in May month meeting. Key quotes Easing food and fuel prices saw February headline inflation at 2.6% y/y, undershooting estimates. Inflationary pressures will likely remain modest amid lower global crude prices. The COVID-19 outbreak and its attendant impact on the economic activity should also suppress price pressures, although in the near term it may enhance volatility across the… 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.
