Asian Currencies Steady as Markets Await U.S. Jobs Data 
Philippine GDP Growth Slows to 2.3% in Q2 
Eurozone Bond Yields Fall as Oil Slump Eases Inflation Fears Ahead of Central Bank Meetings 
Fed Holds Interest Rates Steady as Kevin Warsh Says Rising Treasury Yields Tighten Financial Conditions 
BOJ Rate Hike Expectations Rise Ahead of September Meeting 
Singapore Central Bank’s Exchange Rate Policy Explained: Why MAS Uses the S$NEER Instead of Interest Rates 
Asian Stocks Cautious Ahead of US Jobs Data as Oil Rises 
Gold Prices Hold Near Seven-Week High as Markets Await U.S. Inflation Data 
China Holds Loan Prime Rates Steady for 14th Month as Economic Recovery Remains Uneven 
US Stock Futures Flat as Iran Strait of Hormuz Demands Fuel Oil Concerns 
Asian Stocks Rise as Weak US Jobs Data Eases Fed Rate Hike Bets 
South Korean Won Leads Asian FX Losses as Dollar Rises 
The Bangko Sentral ng Pilipinas (BSP) kept its policy rate unchanged, citing global uncertainties, with Governor Eli Remolona hinting at possible 50 basis point cuts in 2025.
The unexpected decision reflects concerns over global trade tensions. Remolona told CNBC, “We’re hedging to avoid reversing course. We aim to stay on an easing trajectory.” On One News TV, he added that pausing now was less disruptive than cutting prematurely and backtracking.
The move follows U.S. President Donald Trump’s call for reciprocal tariffs, heightening trade war risks and inflation concerns. While Remolona noted limited direct impact from U.S. policies, he warned of significant global spillover effects.
The Philippine economy, driven by domestic consumption, underperformed in Q4 2024. To address global uncertainties, the 2025 growth target widened to 6.0%-8.0% from 6.5%-7.5%.
The BSP will continue monitoring global trends and consult with peers before its next policy review on April 3. Investors await further signals on the central bank's easing path.
