Philippine Finance Secretary Frederick Go warned the BSP may tighten monetary policy if oil prices continue to rise, signaling a hawkish shift in stance. Expect upward pressure on local short-term interest rates and bond yields and potential implications for the peso and Philippine equities if oil-driven inflation materializes.
Philippine Finance Secretary Frederick Go warned the BSP may tighten monetary policy if oil prices continue to rise, signaling a hawkish shift in stance. Expect upward pressure on local short-term interest rates and bond yields and potential implications for the peso and Philippine equities if oil-driven inflation materializes.
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mildly negative
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