On April 23, the Bangko Sentral ng Pilipinas (BSP) initiated a new hiking cycle with a surprise 25bp rate increase. The central bank also revised its inflation forecasts higher due to rising oil prices and geopolitical risks.
March data indicates that price pressures in Japan are strengthening, with headline inflation accelerating to 1.5% due to higher energy costs. Although inflation remains below the Bank of Japan's 2% target, the broadening scope of these pressures had initially fueled expectations for a potential interest rate hike.…
Read the full storyAs investors await the upcoming Federal Reserve meeting, Fed reserve balances have dropped to $2.9 trillion due to a rising Treasury General Account (TGA). Markets recorded a sharp liquidity drain linked to the tax season, occurring alongside persistent U.S. core PCE inflation at 0.4%. Adding to global inflationary…
The Bangko Sentral ng Pilipinas (BSP) has initiated a new monetary tightening cycle with a surprise 25-basis point interest rate hike. This unexpected move serves as a proactive measure to combat rising inflationary pressures and maintain price stability within the economy. Alongside the rate decision, the central…