Extended pause view after BSP off-cycle move – UOB

Extended pause view after BSP off-cycle move – UOB

UOB’s Global Economics & Markets Research, via Julia Goh and Loke Siew Ting, notes that the central bank of the Philippines, Bangko Sentral ng Pilipinas (BSP) kept the RRP (Reverse Repurchase Rate) rate at 4.25% in an off-cycle meeting as supply-driven inflation and Middle East risks intensify. The bank expects a prolonged policy pause, with […]

War-driven pressures challenge BOT stance – DBS

War-driven pressures challenge BOT stance – DBS

DBS Group Research economist Chua Han Teng highlights that Thailand’s financial markets, particularly the Thai Baht (THB) and equities, are under pressure due to vulnerability to Middle East conflict-related commodity shocks. The report notes that upside inflation risks from the Iran war have likely closed room for further Bank of Thailand (BoT) easing, with markets […]

Gold jumps above $4,500 as war fears revive haven buying spree

Gold jumps above ,500 as war fears revive haven buying spree

Gold (XAU/USD) price rallies over 3% on Friday as dip buyers emerge, amid the conflict entering its fifth week of hostilities, with no signs of de-escalation, and as inflation pressures rise. At the time of writing, XAU/USD trades at $4,510 after bouncing off daily lows of $4,375. Heightened geopolitical tensions underpin Gold, Oil and the […]