PHP
PHP
Why it is moving
The pace and terminal level of BSP hikes remain unquantified from the source; the Fed Chair Warsh speech on 2026-08-28 [E3] and the Non Farm Payrolls Annual Revision on 2026-08-28 [E4] could shift U.S. rate expectations and affect the peso's relative attractiveness.
Updated 01:38 PM
High confidenceMain drivers
BSP explicitly tied further rate increases to stabilizing inflation expectations, indicating that inflation or inflation expectations remain elevated enough to warrant ongoing tightening.
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