- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- Philippines: Inflation pressures eased a tad in August – UOB
Philippines: Inflation pressures eased a tad in August – UOB
UOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting review the latest inflation figures in Philippines.
Key Takeaways
“Headline inflation eased for the first time in six months to 6.3% y/y in Aug after hitting a 45-month high of 6.4% in Jul. The Aug inflation outturn defied our expectation for a rise to 6.5% and Bloomberg consensus for holding steady at 6.4%. It was mainly pulled down by a smaller gain in prices of food, fuels and electricity during the month.”
“However, nearly 70% of 12 CPI components saw a further jump in their prices, indicating that inflation could remain sticky in the near term. Global commodity prices are still subject to upside risks while the country’s currency (PHP) is still prone to a weakening bias, which are wildcards for the inflation outlook going into 4Q22 and 2023. Hence, we believe the blip in Aug inflation is temporary. Inflation will likely rebound to surpass 7.0% by year-end before decelerating and returning to the BSP’s 2.0%4.0% medium-term target range in 2H23. We raise our full-year inflation projections to 5.5% for 2022 (from 5.0% previously, BSP est: 5.0%) and 4.5% for 2023 (from 4.0% previously, BSP est: 4.2%).”
“As the latest inflation outturn is likely to be a temporary blip, it will not deter BSP from hiking rates further this month (22 Sep), in our view. We stick to our call that BSP will hike its policy rates by another 25bps on 22 Sep and thereafter keep the overnight reverse repurchase (RRP) rate at 4.00% through 4Q22 and 2023, unless both global and domestic environments move in unexpected directions.”
© 2000-2025. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.
Банковни транcфери
