• USD/PHP up 0.2% to 55.820, gained 0.8% on week with it set to snap its three week losing streak
  • BSP raised its overnight borrowing rate by 50bps as forecast to 5.50%
  • Cooling inflation overseas gives scope for “moderate” tightening, and Bangko Sentral ng Pilipinas is “not as concerned now” about matching the Federal Reserve’s moves, Governor Felipe Medalla said Thursday after the decision