Jonathan Ravelas
Jonathan Ravelas
compared flows sending teachers workers
The flows are getting bigger. We're sending more workers and we're sending more teachers compared with entertainers. So when they remit, it's bigger.
arising concerned containing crude higher inflation oil pressures response rising tax
It is a calibrated and preemptive response to rising inflation. They are more concerned with containing inflation pressures arising from higher value-added tax and crude oil prices.
exports good months news next perform point recovery three
This is good news but we can't say at this point that a recovery is now underway. We want to see first how exports will perform in the next two to three months before we can make any conclusion.
market next risk seems stable
The risk to the administration seems to be dissipating ... we will probably see a more stable market next week.
additional adverse consumer government help high impact mitigate oil prices spending strong taxes year
The strong remittances and additional government spending this year should help mitigate the adverse impact of additional taxes and high oil prices on consumer spending.
concerns market ongoing reacting threat
The market is reacting to ongoing concerns of a threat to oust the president.
bank central combat expect interest market persistent rates signal trying
The central bank is trying to combat persistent inflationary pressures. This is a signal to the market that interest rates have bottomed out and we should expect more increases.
expect next test
Next week, I expect the peso to test 51.
expect financial focus lifting markets next shift state test
Next week, I expect the peso to test 51. With the lifting of the state of emergency, the focus of financial markets will shift back to fundamentals.
full increase percentage point quarter total
There could be a quarter-point increase every quarter to (a total of) one percentage point for the full year.
ahead buy change falls opportunity recent taken
The recent falls should be taken as an opportunity to buy ahead of the index change in April.
attempted breach level next target time
The peso attempted to breach the 53 level for the first time in over two years. The next target would be for the peso to reach the 52-to-a-dollar level.
early levels likely next test
The peso is likely to test the 51-to-one levels as early as next week.
investors positively taken worried
This will be taken positively by the market. Investors have been worried about the government's finances.