Bangko Sentral Ngng Pilipinas (BSP) You may have continued its reduction cycle, but the second round results from The world of world trading can Interfering its policy method, analyst.
“The BSP remains a stronger financial situation;
However, the BSP may find themselves in the middle of its transport mode facing high risk, “added.
Central Bank hosted a sudden loan rigid amounts last Thursday, leaving the amount of targeting target (RRP) unchanged in 5.75%.
This after the finance board was brought for three measurement cuts since the start of August. It cuts prices at the total price of 75 (BPS) at the end-2024.
The BSP Ruler Eli M. Remona, JR. He said the decision was due to the global uncertainty from the US tax policies. He said he was very concerned about negative effects of these tax consequences, as the direct consequences of the Philippines would be modest.
The markets have been developed in the fear of international trade between US President Donald J. Trump to charge a charge of all taxes.
Mr. Shinigundo said the tax changes could directly influence the price and the increase in domestic prices in a short time.
“Trade uncertainty also increases the risk premium of inflation. He.
Mr. Shinigundo said the second round results would be able to build money “in the coming months.
In a report, large economy contemplates the negative impact from the multiplicated taxes “can be hundreds” than the cost of the universe.
“Revenge fee may decrease the crime of the highlight of the highest markets given that there will be some few obstacles to the east of Vietnate and advanced markets,” he said.
ANZ research said the economic economy would be below the “straight fire line” when tax rates.
“Existing trading conflicts can be very disturbing if the American managers put on the tax rates on the Asia economy,” said Anz said.
“Unlike 2018, when those structures receive the second results in the US-China war, it will now have a direct impact.”
The United States is a higher Philippines’ destination when China is usually a major source of importation.
The Philippines Nalin Cheattitham said these trading policies may also put pressure on Epesesa.
“Looking forward, the delayed amount of money has also decided to ensure the US trading policy that includes the risk of peso deprivation, which may impact the revenue from the entrance of overseas of overseas,” he said.
It is estimated to recover
Besides making a while last week, analysts say the BSP will probably continue to reduce prices but at the speed of precautions and damaged.
“We think the decision signals in BSP wants to reduce the speed of the reduction cycle (after the consecutive reductions), based on the ruler of the higher decision,” International Market Research The Euben Paraculles and Nabila Indilas said.
The Bank of Philippine Islands leads the Emilio S. Neri, JR. said it identifies limited resort for money this year.
“Division of interest rate may lead to financial expansion, while the current Current Account
Throughout the year, Mr Shuiigundo said he expected more cuts.
“According to future data in the combination of inflation and inflation expectation, more attractive cuts may be at work,” he said.
“Reducing a finance policy can have negative effects on growing. But strengthening promises better results in dating infilation without being united in the growth.”
At the same time, Nomusa expects the Board of the money to reduce the cost of borrowing 75 BPs a three-level cut.
“We are still foretelling additional BPS of 75 BPs in the cycle, taking RRP ratio to 5%, still believing in neutral standards, given to its defense and that will be reduced by this determination.”
Both Nakora and Citi expected the Board to cut prices in April, August and December at 25 BPS.
“While we think the BSP can pay for the amount of 75 BPS this year, considering the highest value of the Fender Feed of Fed of 50-BP to cut this year 3 year has come in several treasures Without home need and in decline, “said Mschtotitham.
According to her part, Mr Neri said BSP could restart prices in June.
“MORE POLICY LAST LATE This year, as the Outlook’s Homestic inflation continues to be positive. There is a chance
However, he said the uncertainty from the Federal Reserve guidance and international change can make cutting prices in the second time the most challenging.
Mr Justona said BSP is a simple morning, add where it is possible to up to 50 BPs a cut-scale cut of the year this year.
RRR Sike in April
At that time, Nomerto expects the BSP and reduces the requirement of a requirement (RRR) in April.
“We think that April is a virtual window, as money is reduced it can take before household elections in May,” said.
“We also expressed this succession (meaning, RRR removes before RRP Level) is reasonable. its later year. “
Mr Justona said RRR cutting rrr were on a task this year, perhaps before the following financial review of April 3.
We have signed a 200-BP reduction, which will bring RRR for the largest banks to 5% from 7%.
“Current movements will help to support economic work while having a limited effect on the change of exchange rate,” Ms. – Luisa Maria Jacinga C. jocson
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