Philippine Economy Talk

[c_cube]

sa thursday ang BSP decision pero mauuna econ data

BSP decision will be based on econ data

Salamats. If you were in my shoes, bili ka ba usd before decision? [emoji23][emoji23]

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[uls]

Salamats. If you were in my shoes, bili ka ba usd before decision? [emoji23][emoji23]

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well the peso has been quite strong lately

if you ask me can it get stronger pa?

I'd answer you with a question -- is there another rate hike coming?

Not likely

Actually Diokno keeps saying he wants to cut

So pressure on PHP is to the downside

Kaya bili na habang malakas pa ang PHP

Pero ang decision ng bsp will depend on inflation data

Pag bumilis ang inflation, bsp may not move and the peso may be supported

Pag bumagal ang inflation, baka mag cut ang bsp and the peso will fall

[c_cube]

well the peso has been quite strong lately

if you ask me can it get stronger pa?

I'd answer you with a question -- is there another rate hike coming?

Not likely

Actually Diokno keeps saying he wants to cut

So pressure on PHP is to the downside

Kaya bili na habang malakas pa ang PHP

Pero ang decision ng bsp will depend on inflation data

Pag bumilis ang inflation, bsp may not move and the peso may be supported

Pag bumagal ang inflation, baka mag cut ang bsp and the peso will fall

Gets. Maraming salamat

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[Monseratto]

[CVT]

Mababa na ang presyo ng bigas....

Preparation for the election(?)


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[uls]

ok we have slower inflation rate again

now we wait for GDP data

BSP will use slower inflation rate and slower growth rate to justify RRR cut and/or interest rate cut

[c_cube]

Bumili na ako USD * 52.01

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[_Cathy_]

Bumili na ako USD * 52.01

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Where did you buy?

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[uls]

Bumili na ako USD * 52.01

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good

[uls]

PHP is weaker today compared to yesterday

sa lagay na yan against a weak dollar (the dollar is weak against all major currencies since yesterday)

imagine kung malakas ang dollar

[c_cube]

Where did you buy?

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Metrobank. Sa website nila 52.30 pero dahil siguro home branch ko kaya mababa

good

Black market 52.10 na tanong ko. Bulong sa akin ng branh manager, malamang magbaba daw ng rates si BSP, ewan ko kung anong rates ang sinasabi niya

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[uls]

Metrobank. Sa website nila 52.30 pero dahil siguro home branch ko kaya mababaBlack market 52.10 na tanong ko. Bulong sa akin ng branh manager, malamang magbaba daw ng rates si BSP, ewan ko kung anong rates ang sinasabi niya

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baka mag rate cut bukas ang BSP

kaya humina piso

kasi mabagal inflation pwede uli ibaba ang interest rate (remember nag rate hike nang ilan beses ang BSP dahil mabilis ang inflation rate)

[uls]

BSP scenarios bukas

1. no change -- unlikely

2. RRR cut -- likely

3. interest rate cut -- maybe

4. RRR cut and interest rate cut -- ummm... maybe

everybody sees a rate cut

tingin ko RRR cut lang

or RRR cut AND 25 bps rate cut

[uls]

Pag hindi mag rate cut ang BSP bukas ibig sabihin concerned sila sa magiging effect ng rising fuel prices and el nino

mahirap ung mag rate cut sila tapos pag bumilis uli ang inflation rate mag re-rate hike uli

masisira ang credibility nila

[uls]

Peso gets weaker this morning on expectation of rate cut

[uls]

May 7

ok we have slower inflation rate again

now we wait for GDP data

BSP will use slower inflation rate and slower growth rate to justify RRR cut and/or interest rate cut

here it is

Philippines Q1 GDP slows to 5.6%YoY from 6.3%

now there's more reason for a rate cut

[_Cathy_]

Peso gets weaker this morning on expectation of rate cut

I just bought today for 52.77

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[uls]

I just bought today for 52.77

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c_cube asked me the other day about that I told him to buy $$$ while PHP is strong

[shadow]

"Utang is life"-minicarph


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[_Cathy_]

c_cube asked me the other day about that I told him to buy $$$ while PHP is strong

Will it get worse? I need to buy again

"Utang is life"-minicarph


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Hahaha

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