Oil shock, inflation risks and BSP path – ING

Oil shock, inflation risks and BSP path – ING

ING’s Deepali Bhargava warns that higher Oil prices and supply disruptions are worsening growth, inflation and external balances in the Philippines. The report highlights rising odds of a Bangko Sentral ng Pilipinas (BSP) rate hike as inflation breaches target, but stresses that tighter policy alone is unlikely to change the Philippine Peso’s trajectory against the […]

NZD/USD falls fourth day as Middle East war, weak NZ data weigh

NZD/USD falls fourth day as Middle East war, weak NZ data weigh

NZD/USD falls for the fourth consecutive day and trades around 0.5750 on Friday, down 0.17% at the time of writing, pressured by renewed risk aversion and the resilience of the US Dollar (USD). The New Zealand Dollar (NZD) faces headwinds from a tense global backdrop marked by escalating geopolitical risks in the Middle East. US […]