Philippine equities stayed under pressure, with the central bank's forecast that September inflation could reach as high as the mid-7% range keeping rate-cut hopes on hold while bo
Philippine equities stayed under pressure, with the central bank's forecast that September inflation could reach as high as the mid-7% range keeping rate-cut hopes on hold while borrowing costs rise across the region. A weaker peso and heavy government funding needs add to the fiscal strain, and headlines around tensions with China do little to lift sentiment. Some longer-term signals remain constructive, including a major foreign bank installing new local leadership and continued public health access expansion.
Sources
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