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  1. Join Date
    Dec 2009
    Posts
    2,402
    #1471
    OFW is a vote rich sector of the electorate..peso has to be sacrificed to win votes come may 2019

    Sent from my SM-G532G using Tapatalk

  2. Join Date
    Nov 2005
    Posts
    34,818
    #1472
    PHP weakness is a side effect not the goal

    goal is 7 to 8 percent GDP growth

    you need to flood the financial system with money if you want growth

    so you make banks lend more money by cutting reserve requirement (which the BSP will do this month) and encourage borrowing by cutting interest rates (which the BSP will do a few months later)

    the market reacted to this signal by selling PHP

  3. Join Date
    Nov 2005
    Posts
    34,818
    #1473
    but if inflation starts picking up again it can put the easing plan on hold

  4. Join Date
    Sep 2003
    Posts
    21,866
    #1474
    Last edited by Monseratto; March 20th, 2019 at 02:09 PM.

  5. Join Date
    Sep 2003
    Posts
    21,866
    #1475
    Peso gained ahead of BSP policy meeting... under Diokno.

    PSE is above 8,000 pts...

    Last edited by Monseratto; March 22nd, 2019 at 11:30 AM.

  6. Join Date
    Nov 2005
    Posts
    34,818
    #1476
    ^^^

    no rate hike was widely expected

    it's too early for a rate hike

    i was expecting RRR cut... but no rrr cut

    in short NO CHANGE in monetary policy

    -

    BSP shouldn't react too quickly to slowing inflation

    inflation can pick up again due to rising fuel prices and weaker PHP

    they should wait for more data... at least 2 more months

  7. Join Date
    Sep 2003
    Posts
    21,866
    #1477
    Expected drop in the inflation rate...


  8. Join Date
    Nov 2005
    Posts
    34,818
    #1478
    i dunno pero i doubt March inflation will be even slower than Feb inflation considering higher fuel prices and weaker PHP

    we'll find out

  9. Join Date
    Sep 2003
    Posts
    21,866
    #1479
    ADB cuts 2019 growth forecast for the Philippines

    The ADB sees inflation easing to 3.8 percent this year and returning within the government’s 3-4 percent target range for 2019 “as global oil prices moderate, food supply improves with a recent law replacing quantitative restrictions on rice imports with tariffs, and last year’s monetary tightening continues to be effective,” it said in a statement.

    Headline inflation averaged a 10-year high of 5.2 percent last year due to higher excise taxes slapped on consumption, food supply bottlenecks, and skyrocketing global oil prices.


  10. Join Date
    Nov 2005
    Posts
    34,818
    #1480
    anecdotal evidence of slowing PH econ

    some people i talked to say the same thing -- "mahina"

    i can attribute it to:

    1. last year's BSP rate hikes --> higher borrowing cost --> less borrowing = less spending

    2. delayed approval of 2019 govt budget

    less money going around --> things slow down

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Philippine Economy Talk