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USDPHP: BSP signals high bar for more cuts – BNY
BNY’s Head of Markets Macro Strategy Bob Savage highlights that the Bangko Sentral ng Pilipinas has delivered a sixth straight rate cut but now signals a high bar for further easing. Governor Eli Remolona stresses that data must change significantly to justify more cuts.Fxstreet
Tue, Feb 24
CNY: PBoC on hold as Yuan firms – BNY
BNY’s Head of Markets Macro Strategy Bob Savage notes that the People’s Bank of China kept its 1-year and 5-year LPR unchanged at 3% and 3.5%, balancing growth support and currency stability. Despite weak GDP and persistent deflationary pressures, authorities are focusing on services consumption.
Fxstreet
Tue, Feb 24
USD/KRW: Range trade with slight downside bias – OCBC
OCBC’s Sim Moh Siong and Christopher Wong note that USD/KRW has traded lower but remains range-bound, supported by strong Korean exports and better sentiment. While US tariff uncertainty can be USD-negative, broader risk-off could still cap KRW gains.Fxstreet
Tue, Feb 24
BoE’s Governor Bailey: Rate cut at next meeting is a genuinely open question
Bank of England (BoE) Governor Andrew Bailey said on Tuesday that he expects inflation to return to close to target in April. During his testimony before the parliament's Treasury committee, he added that a possible rate cut in March is "a genuinely open question."Fxstreet
Tue, Feb 24
Bank of England: Cuts on the table, conviction still building
At the Treasury Select Committee (TSC) hearing following the February Monetary Policy Report, Governor Andrew Bailey struck a cautiously dovish tone, suggesting that with inflation returning to target, there should be scope for some further easing in monetary policy.Fxstreet
Tue, Feb 24
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