HSBC Asean economist Aris Dacanay projected “another 25-bp hike in the June 23 Monetary Board meeting, and another 50-bp hike in the third quarter of 2022.” Similar to Goldman Sachs, HSBC also expects the overnight reverse repurchase rate — at which the BSP lends to banks — to normalize at 4 percent but at a slower pace — possibly 25-bp hikes for every quarter until the third quarter of next year.
“We believe that the BSP will remain mindful of slamming the brakes on the local economy with overly aggressive rate hikes. We maintain our BSP call for the next 25-bp hike in the third quarter and the third 25-bp hike in the fourth quarter of 2022,” UOB said. But Alex Holmes, Asia economist at London-based think tank Capital Economics, said “the BSP’s tightening cycle is unlikely to be aggressive.”“Given the [BSP] has started tightening policy a little sooner than we had previously expected, we are shifting forward our schedule for rate hikes and now expect the policy rate to finish the year at 2.75 percent . But that would still mean a gradual pace of tightening, with just one hike in each of the next two quarters,” Holmes said.
bendeveraINQ Gaslighting article from .
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: bworldph - 🏆 9. / 68 Read more »
Source: bworldph - 🏆 9. / 68 Read more »