Economists were surprised with the decision of the Bangko Sentral ng Pilipinas to implement a bigger reduction on the amount of cash that banks must hold as reserves.
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.
Malaysia's economic growth probably slowed in the first quarter, hit by tepid consumption and declining exports, a Reuters poll of economists showed. The Southeast Asian economy probably expanded 4.8% in the January-March quarter from a year ago, the median forecast of 21 economists polled from May 2 to 9 showed, down from the fourth quarter's rate of 7.0%.
BENGALURU Malaysia’s economic growth probably slowed in the first quarter, hit by tepid consumption and declining exports, a Reuters poll of economists…