bsp forex forecast 2018

they will probably show inflation peaking around mid-year before trending lower in late 2018 and returning to the target range of 2-4 percent by first half 2019, Cuyegkeng said. The last time the BSP tinkered with the monetary settings was in May 2016 when it brought down the policy rate to the all-time low seen today. The BSP is now using 2012 as base year for the consumer price index (CPI) whereas consensus forecasts are still mostly based on CPI base year 2006. BSP Deputy Governor Diwa Guinigundo said they revised their inflation forecast for 2018 because of the increase in jeepney fares, higher water rates, the.50 increase in the tobacco excise tax, and the continuing effects of higher world oil prices. Joey Cuyegkeng, ING Philippines economist, said the inflation-targeting BSP would likely release inflation forecasts for consumer price indices of 20 in its upcoming monetary policy meeting on March.

On Friday, the peso closed.93 against the dollar. others (NOT convertible with BSP) 19 argentina peso ARS.024503.027769.4694 20 brazil real BRL.233187.264271.9836 21 denmark kroner DKK.134021.151886.0369 22 india rupee INR.012270.013906.7358 23 malaysia ringgit MYR.210591.238663.6286 24 mexico NEW peso MXN.

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Constant and significant direct intervention in the currency market could establish a downward trend of the FX (foreign exchange) reserves, which may stoke fears of further weakness, Cuyegkeng said. Asian Time Closing Rate as of 15-Nov-18 Run date/time: 16-Nov-2018 09:01 AM * Effective Venezuela's official exchange rate was changed.15 bolivars per dollar from 2,150 per dollar The Online Interactive Statistics Database has been temporarily disabled due to technical issues. You may also use the following links to access historical data: Philippine Peso per US Dollar Exchange rates: Daily Reference Exchange Rate Bulletin (rerb Cross Rates). Tags: Bangko Sentral ng Pilipinas (BSP), Business, for feedback, complaints, or inquiries, contact. Guinigundo added they also revised their inflation forecast for 2019.7 percent from.3 percent announced in June. The central bank may eventually turn to monetary policy and/or macroprudential measures to support the currency, he added. Llar, sO, equivalent, equivalent, equivalent,. . The Philippines' gross domestic product grew 6 percent in the second quarter, from.6 percent in the first 3 moths of the year, snapping 10 straight quarters of at least.5 percent growth. The Bangko Sentral ng Pilipinas (BSP) is likely to keep its interest rates steady on Thursday and for the rest of the year as inflation trends lower but theres risk of the peso depreciating significantly, a senior economist at Dutch financial giant ING said. With these inflation expectations over the policy horizon, and with a monetary policy lag of 12 to 18 months, we find no compelling reason to tighten anytime soon, he said. Advertisement, read Next, don't miss out on the latest news and information. At end-2017, the peso closed.923.