Asks about peso weakness and BSP intervention.
Haslinda Amin
Frederick Go
BSP has policy to intervene only if currency movements are abrupt, not gradual. Recent moves more abrupt due to Iran war shock.
Asks if BSP needs off-cycle tightening given oil at $100.
Haslinda Amin
Frederick Go
Leaves off-cycle decision to BSP.
Asks about concerning peso level.
Haslinda Amin
Frederick Go
Concerned about abrupt/sharp movements, not a specific number. Weak peso benefits exports, BPO, remittances, tourism, mining.
Asks if growth projection intact.
Haslinda Amin
Frederick Go
Oil shock will affect GDP. Impact less than 10bps if short-term, more pronounced if persists 6 months.
Asks what oil price would force growth revision.
Haslinda Amin
Frederick Go
Over $80 already has effect. Close to $100 for 16 days will have effect.
Asks about inflation outlook.
Haslinda Amin
Frederick Go
Inflation band 2-4%, currently 2.4%. Will see numbers creep up as war persists.
Asks if BSP in difficult position managing inflation and growth.
Haslinda Amin
Frederick Go
BSP's main mandate is inflation. Signaled nearing end of easing cycle.
Asks about energy security and fuel shortages.
Haslinda Amin
Frederick Go
Government sourcing 2M barrels for buffer stock. Considering relaxing fuel product standards to access cheaper/more sources.