Bangko Sentral can't delay rate hikes further: economist | ABS-CBN
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Bangko Sentral can't delay rate hikes further: economist
Bangko Sentral can't delay rate hikes further: economist
ABS-CBN News
Published Mar 23, 2018 12:39 AM PHT
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Updated Dec 18, 2018 05:00 PM PHT
.@Cathy__Yang speaks with Nomura Securities Senior Economist for Southeast Asia, Euben Paracuelles about the possible effect of the decision of BSP to maintain policy rate at 3%. #BusinessNightly #ANCRecap pic.twitter.com/0ONoJMQmlR
— ABS-CBN News Channel (@ANCALERTS) March 22, 2018
.@Cathy__Yang speaks with Nomura Securities Senior Economist for Southeast Asia, Euben Paracuelles about the possible effect of the decision of BSP to maintain policy rate at 3%. #BusinessNightly #ANCRecap pic.twitter.com/0ONoJMQmlR
— ABS-CBN News Channel (@ANCALERTS) March 22, 2018
An economist from Nomura Securities believes the Bangko Sentral ng Pilipinas (BSP) cannot delay hiking rates further.
An economist from Nomura Securities believes the Bangko Sentral ng Pilipinas (BSP) cannot delay hiking rates further.
Euben Paracuelles, senior economist for Southeast Asia of Nomura Securities, said he was expecting BSP to increase borrowing rates.
Euben Paracuelles, senior economist for Southeast Asia of Nomura Securities, said he was expecting BSP to increase borrowing rates.
"I'm a little disappointed, I thought they were going to be hiking today, I thought it was going to be a good day for them to re-assert their inflation fighting credentials, given that, it's pretty clear, that in the last few months inflation has been going up," he told ANC.
"I'm a little disappointed, I thought they were going to be hiking today, I thought it was going to be a good day for them to re-assert their inflation fighting credentials, given that, it's pretty clear, that in the last few months inflation has been going up," he told ANC.
Paracuelles, however, expects the BSP to increase rates soon.
Paracuelles, however, expects the BSP to increase rates soon.
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"In the case of BSP, they might be a little comfortable in their own forecast, especially going to next year, but I think they cannot probably wait much longer in terms of hiking rates," he added.
"In the case of BSP, they might be a little comfortable in their own forecast, especially going to next year, but I think they cannot probably wait much longer in terms of hiking rates," he added.
BSP on Thursday maintained the overnight borrowing rate at 3 percent, unchanged since September 2014.
BSP on Thursday maintained the overnight borrowing rate at 3 percent, unchanged since September 2014.
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