DBS Bank has cut its inflation forecast for the Philippines this year to 5.4 per cent from 5.8 per cent.
The central bank s (BSP) monetary board is convinced that inflation.
DBS Bank Ltd. of Singapore slashed its inflation forecast to 5.4 percent from 5.8 percent this year despite the uncertainty on the impact of El Niño on food prices and electricity rates.
DBS Bank Ltd. of Singapore and Japan’s Nomura expect the Bangko Sentral ng Pilipinas keeping interest rates steady and ending its tightening cycle amid the downtrend in inflation that eased to an eight-month low of 6.6 percent in April from 7.6 percent in March.
DBS Bank Ltd. of Singapore and Japan’s Nomura expect the Bangko Sentral ng Pilipinas keeping interest rates steady and ending its tightening cycle amid the downtrend in inflation that eased to an eight-month low of 6.6 percent in April from 7.6 percent in March.
The Thai economy is set to bounce back from a surprising contraction in the fourth quarter of 2022 as foreign tourist arrivals are likely to surprise on the upside and counter headwinds to merchandise exports from a global slowdown, say leading economists.