Recent dovish comments from the Deputy Governor of the central bank of the Philippines (BSP), Diwa Guinigundo, which mention falling inflation expectations and the BSP having the “the flexibility to digest the recent rate hikes” support our view that the tightening cycle in the country has now come to an end. Meanwhile, we are keeping our GDP growth forecasts for Sri Lanka unchanged for now, but with the political crisis showing no sign of coming to an end, the risks are to the downside.
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