Sanjay Mathur, analyst at ANZ, point out that although the overnight RRP rate was expectedly left unchanged at 4.75% in Philippines and prevailing monetary settings were characterised as appropriate, the Bangko Sentral ng Pilipinas (BSP) has further reduced its 2019 inflation forecast. Key Quotes “Overall domestic activity was characterised as firm although delays in the passage of the 2019 budget are seen as risks.” “We believe that the BSP will initiate a rate cutting cycle of a cumulative 75bps from May when inflation dips closer to the midpoint of its target range of 2-4%.” 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 Norges Bank: Rate hiked as per expectations – TDS FX Street 4 years Sanjay Mathur, analyst at ANZ, point out that although the overnight RRP rate was expectedly left unchanged at 4.75% in Philippines and prevailing monetary settings were characterised as appropriate, the Bangko Sentral ng Pilipinas (BSP) has further reduced its 2019 inflation forecast. Key Quotes "Overall domestic activity was characterised as firm although delays in the passage of the 2019 budget are seen as risks." "We believe that the BSP will initiate a rate cutting cycle of a cumulative 75bps from May when inflation dips closer to the midpoint of its target range of 2-4%." 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.
