Tag: bmi
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BMI says Philippine consumer spending to accelerate this year
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HOUSEHOLD CONSUMPTION is seen to accelerate this year amid easing inflation, Fitch Solutions’ unit BMI said. “We hold a positive outlook for consumer spending in the Philippines in 2024 and 2025,” it said in its latest commentary. “While household spending already recovered to the pre-COVID levels in 2022, the rate…
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BSP may cut by 50 bps in October — BMI
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A WEAK PESO may cause the Bangko Sentral ng Pilipinas (BSP) to delay the start of its easing cycle, with a 50-basis-point (bp) cut in October at the earliest, Fitch Solutions’ unit BMI said. “Given that the peso has come under heavy pressure due to fluctuations in US interest rate…