{"id":314053,"date":"2022-05-11T09:00:58","date_gmt":"2022-05-11T01:00:58","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=314053"},"modified":"2023-01-03T02:05:06","modified_gmt":"2023-01-02T18:05:06","slug":"commentary-nomura-expects-phl-inflation-to-surge-above-5-in-next-3-months","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/commentary-nomura-expects-phl-inflation-to-surge-above-5-in-next-3-months\/","title":{"rendered":"Nomura predicts PHL inflation to surge above 5% in next 3 months"},"content":{"rendered":"\n<p><em><strong>NOTE:\u00a0<\/strong>Here\u2019s a Special Report we provide exclusively to our Premium Access<\/em> <em>members, but we&#8217;re giving this to you absolutely free! To obtain full access to all Premium-exclusive stock recommendations, why not <strong><a href=\"https:\/\/www.pinoyinvestor.com\/stockpicks\/signup\">upgrade to Premium Access<\/a><\/strong><span style=\"color: #0000ff;\">\u00a0<\/span>for as low as P399.00 a month?<\/em><\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button aligncenter\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.pinoyinvestor.com\/stockpicks\/signup\">GET PREMIUM ACCESS FOR AS LOW AS P399 A MONTH<\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Japanese investment bank Nomura expects Philippine inflation to stay above five percent (5%) over the next three months after quickening to its highest level in more than three years to 4.9% in April 2022.<\/p>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Analysis and Recommendation<\/h2>\n\n\n\n<p>Nomura forecasts PHL inflation to surge over 5% for the next 3 months, before slowing down momentarily and then picking up once more for the remainder of the year. Their overall 2022 forecast of 4.6% aligns with the consensus outlook from economists that inflation will indeed overshoot the BSP\u2019s target of 2 to 4%, and this further reinforces the market\u2019s expectations of a potential 75 bps (0.75%) rate hike.<\/p>\n\n\n\n<p>As for the timing, however, of the rate hike, the chances of this taking place earlier than June are low given that clear evidence of second round effects is yet to be seen. <\/p>\n\n\n\n<p>Nevertheless, given the rising interest rate environment both in the PH and in the US, wherein 10Y Treasury Yields continue to hover near the 3% mark, we expect continued downside risk to Philippine equity valuations.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button aligncenter\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.pinoyinvestor.com\/stockpicks\/signup\">GET PREMIUM ACCESS FOR AS LOW AS P399 A MONTH<\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p style=\"font-size:16px\"><em><em>This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about <a href=\"https:\/\/www.pinoyinvestor.com\/smartinvestor\/our-partner-brokers\/\">our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s a commentary on an important issue or event affecting the stock market  <\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1236],"tags":[],"class_list":["post-314053","post","type-post","status-publish","format-standard","hentry","category-free-reports","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/314053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=314053"}],"version-history":[{"count":3,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/314053\/revisions"}],"predecessor-version":[{"id":320114,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/314053\/revisions\/320114"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=314053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=314053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=314053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}