The macro backdrop stays mixed, with the IMF and ADB both expecting the central bank to keep tightening while trimming the growth outlook. Some relief is arriving at the household
The macro backdrop stays mixed, with the IMF and ADB both expecting the central bank to keep tightening while trimming the growth outlook. Some relief is arriving at the household level, as diesel prices head lower, the excise tax on LPG and kerosene gets suspended, and a minimum wage hike takes effect in Metro Manila. Sentiment from firms and households has turned less pessimistic, a modest bright spot against the tighter policy path, while the Veloso homecoming continues to dominate headlines without a clear market read-through.
Sources
Ezbrisk weighs each event against the market reaction and publishes a verdict with an overreaction reading. How the methodology works