Halister News

(Bloomberg) -- Peso snaps four-day winning streak ahead of central bank policy meeting tomorrow.

• Policy makers will hold overnight borrowing rate, according to all 13 economists in Bloomberg survey
• Global investors bought net $23.1m of local equities yesterday, eighth straight day of inflows that marks longest stretch since Jan. 4, according to exchange data
• BSP reviewing regulations to prevent money laundering, Deputy Governor Espenilla says
• Local gasoline prices rise for fifth straight week, Philippine Star reports
• Peso falls 0.1% to 46.380 per dollar, according to bankers’ association data; USD/PHP 10-DMA is below 200-DMA for first time since May 4
• Peso’s one-month forwards rise 0.1% to 46.43 per dollar
• Favorable domestic demand and benign inflation environment suggest BSP will remain on hold during 2016, BMI Research writes in note dated March 21; concerns that increased financial volatility may arise from normalization of U.S. rates another factor for central bank to stand pat
• Yield on 8% govt bonds due July 2031 rises 8 bps to 4.1250%, according to Tradition pricing