BSP to tighten gradually, Philippines election

Despite the sharp jump in inflation in the Philippines last month, the central bank looks set to raise interest rates only gradually. Meanwhile, the key event of the coming week is the presidential election in the Philippines. Ferdinand Marcos Jr., son of the former dictator, has a large lead in the polls and is the strong favourite. We plan to publish an Update when the results are announced. China Drop-In (12th May, 09:00 BST/16:00 SGT): Join our China and Markets economists for a 20-minute discussion about near to long-term economic challenges, from zero-COVID disruptions to US-China decoupling. Register now.

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