Philippine Economy Talk

[Monseratto]

Central bank chief Nestor Espenilla passes away | ABS-CBN News

[kisshmet]

PH December trade data

Exports -12.3% YoY

Imports -9.4% (well that's good for PHP humina imports = less demand for $$$)

Trade surplus = exports - imports = -12.3 - (-9.4) = -2.9

Trade deficit = imports - exports = -9.4 - (-12.3) = +2.9

That means we import more than we export, so its a trade deficit and not a surplus. How can that be good?

For you to claim that december imports lessened you have to compare it to november number

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[Woof]

Trade surplus = exports - imports = -12.3 - (-9.4) = -2.9

Trade deficit = imports - exports = -9.4 - (-12.3) = +2.9

That means we import more than we export, so its a trade deficit and not a surplus. How can that be good?

For you to claim that december imports lessened you have to compare it to november number

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Sir, those are percentage growth rates and not absolute figures.

[uls]

Trade surplus = exports - imports = -12.3 - (-9.4) = -2.9

Trade deficit = imports - exports = -9.4 - (-12.3) = +2.9

That means we import more than we export, so its a trade deficit and not a surplus. How can that be good?

For you to claim that december imports lessened you have to compare it to november number

Sent from my SM-G532G using Tapatalk

i did not say the trade balance went from deficit to surplus

humina lang ang imports pero deficit parin

less imports = less demand for $$$ which is good for PHP

PROOF:

[uls]

less imports = less demand for $$$ = less downside pressure on PHP

[Monseratto]

Was 51.75 at one point today...



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[uls]

if Feb inflation comes out lower than previous BSP might be tempted to cut interest rates

if they do PHP will fall

[Monseratto]

Philippine Peso Surprises to Become Asia’s Best Currency

The Philippine peso has defied a yawning current-account deficit to emerge as Asia’s best-performing currency in February. And it may continue to surpass its peers.

Peso bulls say record remittances, rising investment and a buoyant domestic economy will propel further gains in the currency. Easing inflation could also lend a hand, as higher real yields burnish the appeal of Philippine bonds.

[uls]

Philippine Peso Surprises to Become Asia’s Best Currency

basta huwag mag rate cut ang BSP

Feb inflation report March 6

if lower than January, BSP may be tempted to ease monetary policy going forward

[baludoy]

the scandalous and callous sec ben diokno is the new bsp governor according to preliminary news reports.

and w/ that whimsical choice, the bsp has now been politicized by a president who's consolidating his hold on a gov't w/c is steadily getting an endless stream of brickbats .

[Monseratto]

the scandalous and callous sec ben diokno is the new bsp governor according to preliminary news reports.

and w/ that whimsical choice, the bsp has now been politicized by a president who's consolidating his hold on a gov't w/c is steadily getting an endless stream of brickbats .

Now we're screwed... just hope people won'r start dumping stock and buy $$$.

[Monseratto]

ABS-CBN News
‏*ABSCBNNews

3.8% is the lowest inflation rate since March 2018, according to PSA

[uls]

ABS-CBN News
‏*ABSCBNNews

3.8% is the lowest inflation rate since March 2018, according to PSA

PH inflation back within target range



now let's see what BSP will do

RRR cut or rate cut or both

[uls]

Was 51.75 at one point today...



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USDPHP

check out this reaction to lower inflation

humina ang PHP

coz lower inflation means BSP could ease

[uls]

_________________________

[minicarph]

Kung okey na peso ibig sabihen tuloy tuloy na Build 3x, ang galing talaga ng govt ni MyPres

[A121]

the scandalous and callous sec ben diokno is the new bsp governor according to preliminary news reports.

and w/ that whimsical choice, the bsp has now been politicized by a president who's consolidating his hold on a gov't w/c is steadily getting an endless stream of brickbats .

I was hoping that DG Gunigundo would be taking over. But no.

[Wh1stl3r]

Prolly gonna call us crybabies again next time his policies don't go as planned...

[uls]

PHP weaker





Diokno is from the admin so the market thinks his bias will be towards growth (to make admin look good)

favoring growth means a more accomodative monetary policy which put downside pressure on PHP

[uls]

next BSP move is definitely RRR cut