Philippine Central Bank Unlikely to Raise Rates Today, HSBC's Arbis Says

The video discusses the cautious approach of the BSP towards rate hikes, noting that inflation has peaked but core inflation is rising. It highlights the impact of supply-side factors like oil prices and the potential effects of new excise taxes. The discussion also covers the record trade deficit and concerns about economic overheating and crowding out due to fiscal expansion. The forecast for the peso suggests continued weakness due to a current account deficit.

Discuss the implications of the trade deficit mentioned in the text.

What are the expected trends for the peso and current account deficit into next year?