A Reuters poll is showing that economists expect the BSP to be on hold not just at the September 20 meeting but for the rest of the year, despite the August rise in inflation. A resumption of tightening at this point seems unlikely as BSP Governor Remolona expects inflation to return to the target band by October. See the MNI BSP Preview.
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President Biden, South Korean President Yoon Suk Yeol, and Japanese Prime Minister Fumio Kishida are shortly due to conduct a joint press conference following the conclusion of their historic trilateral summit at Camp David, Maryland.