Tag: hsbc
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HSBC sees above 6% growth for PHL in Q2
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THE PHILIPPINE ECONOMY is expected to grow above 6% in the second quarter amid base effects and improved government spending, HSBC Global Research said on Wednesday. “For the second quarter, [the economy is] going to grow above 6%, mainly because of base effects, because as you remember, in second quarter…
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BSP needs to keep policy ‘tighter than before’ — HSBC
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THE BANGKO SENTRAL NG Pilipinas (BSP) may need to keep rates higher for longer or even hike rates further to cool inflation, HSBC said. This as it sees private consumption staying strong and spending patterns shifting as the Philippines inches closer to becoming an upper middle-income economy. In a report,…
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HSBC expects BSP to begin easing in Q4
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THE BANGKO SENTRAL ng Pilipinas (BSP) is expected to delay its policy easing as upside risks to inflation have worsened, but rate hikes are unlikely, HSBC Global Research said. “The easing cycle may be delayed, but we don’t think there will be any rate hikes ahead with non-monetary policies at…