The weakness of the recovery in the Philippines means that the central bank (BSP) is likely to lower interest rates at next Thursday’s scheduled meeting. The consensus is for no cuts before the end of this year. Hopes that an effective vaccine may be ready to deploy sooner rather than later have pushed some Asian equity markets up sharply. In response we have adjusted some of our equity market forecasts.
We are sending this Weekly one day earlier than usual because our Singapore office is closed for a Public Holiday on Friday, 13th November.
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