Quotes by Jonathan Ravelas

“The change itself should be positive for the market.”

“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.”

“The flows are getting bigger. Were sending more workers and were sending more teachers compared with entertainers. So when they remit, its bigger.”

“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.”

“This will be taken positively by the market. Investors have been worried about the governments finances.”

“We are seeing the governments commitment to solve its fiscal problems more aggressively. That will translate to more investments.”

“The rising geo-political risks in Iran and Nigeria have put pressure on oil prices, raising concerns that inflation might escalate again.”

“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.”

“Theres still an upside for the peso.”

“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.”