Phillipine Central Bank Governor says the Bank will do as many hikes as possible with a proactive stance, hikes will depend on how big spillover effects are, highlights that inflation expectations have risen but not become unanchored
The Philippine Central Bank Governor's remarks suggest a hawkish shift in policy, indicating readiness for multiple rate hikes dependent on inflation spillover effects.
PBoC sets USD/CNY mid-point at 6.8674 vs exp. 6.8400 (prev. 6.8650)
[CALENDAR ADDITION] US Secretary of State Rubio is to meet EU Trade Commissioner Sefcovic at 10:00EDT / 15:00BST
Phillipine Central Bank Governor says the Bank will do as many hikes as possible with a proactive stance, hikes will depend on how big spillover effects are, highlights that inflation expectations have risen but not become unanchored
PRE-MARKET CHINESE STOCKS NEWS: Flurry of earnings
Australia sells AUD 1bln vs exp. AUD 1bln 2.50% 2030 AGB: b/c 3.82x (prev. 3.44x), average yield 4.6947% (prev. 4.2888%)
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
- Sees 2026 growth between 4.5-4.6% and as high as 6% in 2027.
- Not looking at FX levels but looking at how much it moves.
While inflation expectations have increased, they remain anchored, which mitigates immediate pressure; however, the proactive stance signals a vigilant approach towards future economic conditions. This could imply adjustments in fixed income and FX markets as traders reassess the trajectory of monetary policy moves from the Philippines and their potential impact on regional dynamics.
Related headlines
- Chile central bank maintains overnight rate at 4.5% as expected13 hours ago
- [MARKET ANALYSIS] Asia-Pac stocks trade mixed with the region partially shrugging off the weak US lead following a fresh exchange of US-Iran strikes and escalation in the US-Canada trade war6 hours ago
- Newsquawk Daily Asia-Pac Opening News - 9th September 202612 hours ago
- NY Fed SCE (Aug): Inflation expectations: One-year 3.6% (prev. 3.6%), 3-year 3.2% (prev. 3.3%), 5-year 3% (prev. 3%). 19 hours ago
- BoE Governor Bailey says the labour market is softening and the hiring rate has declined19 hours ago
- BoE Governor Bailey says "I do not think we are not on the verge of a recession", adds that latest data is looking a bit stronger19 hours ago
- Newsquawk Daily Economic Releases - 9th September 202620 hours ago
- Newsquawk European Market Wrap - 8th September 202620 hours ago
- US EQUITY OPEN: US indices open in the red amid downbeat risk tone after Labor Day holiday20 hours ago
- [MARKET ANALYSIS] Fixed falters as energy climbs once again, Gilts lag into the TSC after an AMZN update1 day ago
- [MARKET ANALYSIS] Fixed falters once more as Brent takes USD 100/bbl, awaiting the Treasury buyback announcement56 min ago
- RBI may conduct USD/INR buy-sell swap operations this month, traders suggest2 hours ago
- FedEx (FDX) is to sell EUR denominated 4- and 8-year notes3 hours ago
- Newsquawk Daily European Equity Opening News - 9th September 20264 hours ago
- [MARKET ANALYSIS] DXY is little changed ahead of inflation data later in the week and despite the US announcing an import ban on some Canadian goods as trade war escalates7 hours ago
- [MARKET ANALYSIS] T-note futures are little changed after yesterday's indecisive mood and with key inflation data due later this week7 hours ago
- PBoC sets USD/CNY mid-point at 6.7709 vs Exp. 6.7042 (prev. 6.7804)8 hours ago
- PBoC is expected to set USD/CNY mid-point at 6.7042 (prev. 6.7804)9 hours ago
- PRE-MARKET AUSTRALIAN, JAPANESE AND SOUTH KOREAN STOCKS NEWS: Samsung Electronics (005930 KS)** - Co. opened an AI chip R&D hub in Yokohama to collaborate with Japanese companies on advanced semiconductor packaging10 hours ago
- US Treasury Secretary Bessent says markets are not efficient and are run by humans, who make mistakes, adds the treasuries narrative in August was that the sky is falling and the narrative was absurd12 hours ago
The whole workspace, free to try.
Try it free