Philippine Economy Talk

[uls]

unlike before i usually post ahead of a BSP interest rate move

this time i deliberately did not post anything ahead coz i wasn't expecting the BSP to move

coz inflation rate has moderated

BSP interest rate decision this afternoon:

*BangkoSentral borrowing rate unchanged * 4.75%. BSP cites inflation slowdown and settle within band for 2019 & 2020

[Monseratto]

Spend more than what you can earn....

266-percent increase in the expected net dollar outflows from the $1.5-billion yearend deficit the central bank projected just six months ago which was, itself, already an adjusted projection from the original expectation of a $1-billion deficit for 2018.

This gap was attributed to the country’s yawning trade deficit as the economy imported more goods and services to help fuel the growing economy, amid only a modest performance turned in by the Philippines’ traditional dollar-earning exports.

PH’s 218 dollar outflows blow through BSP’s worst-case forecasts | Inquirer Business

[Monseratto]

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[Monseratto]

TRAIN 2 is on the way...

[Monseratto]

Peso forecast to further fall to 55:$1 in 2019 | Philstar.com

[CVT]

TRAIN 2 is on the way...

Dapat ang ipinakita riyan iyong increase from where we are in 2018....

(Like AvFuel is 0, Gasoline is P2, Diesel is P2 etc.)

Anyway,- still is the 'truth' (total excise tax),- with a different spin....

[Monseratto]

?The Philippine economy is overheating? | Philstar.com

[uls]

market sees lower than 6% Dec inflation

lower fuel and food prices

[kisshmet]

^abangan natin sa january..tataas yan due to additional excise tax by the duterte admin

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[Monseratto]

market sees lower than 6% Dec inflation

lower fuel and food prices

December 2018 Inflation rate is 5.1%

[Monseratto]

[uls]

the govt brought down food prices specially rice

but govt had nothing to do with fuel prices

swerte lang bumaba ang presyo ng langis

another factor is the stronger peso

[kisshmet]

^so which is which the inflation went down due to govt effort or due to sheer luck that prices of oil went down (for which this govt has nothing to do)?

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[uls]

^so which is which the inflation went down due to govt effort or due to sheer luck that prices of oil went down (for which this govt has nothing to do)?

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ung presyo ng bigas naibaba ng gobyerno (rice importation)

ung pagbaba ng fuel prices hindi gawa ng gobyerno

[uls]

food and fuel make up a large part of the consumer price index

both food and fuel prices decreased so syempre bababa ang headline inflation

[Monseratto]

Philippine Peso Faces New Threat as Duterte Gears Up for Poll

[uls]

election spending --> JFC

[kisshmet]

^will too much money flowing in the economy be bad this year?

We are technically on a reenacted budget..thats means the president has tremendous pork barrel budget to realign on the upcoming election

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[uls]

Re election season

Election spending good for economy but inflationary coz more money in circulation

What's bad is political instability that could result from the outcome of the election

[kisshmet]

^its good for the economy coz people will get more job (although temporary)

But you see the rise of inflation as something negative

Right of suffrage is the reflection of the will of the people..as long as the election is clean and honest it will be all good for the nation

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