Philippines just dropped fresh inflation numbers for November, and they're cooling off. This gives their central bank more room to slash rates again. But here's the twist - a corruption scandal just blew up, and it's hitting consumer and investor sentiment hard. Rate cuts might be coming, but confidence? That's another story. Markets hate uncertainty, and this scandal's creating plenty of it.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
6 Likes
Reward
6
4
Repost
Share
Comment
0/400
PortfolioAlert
· 18h ago
Rate cuts have arrived, but confidence is gone—this is a tough blow for the Philippines.
View OriginalReply0
WalletManager
· 18h ago
A corruption scandal is even more damaging than expectations of interest rate cuts... You can't see it in on-chain data, and that's what's most concerning.
Philippines just dropped fresh inflation numbers for November, and they're cooling off. This gives their central bank more room to slash rates again. But here's the twist - a corruption scandal just blew up, and it's hitting consumer and investor sentiment hard. Rate cuts might be coming, but confidence? That's another story. Markets hate uncertainty, and this scandal's creating plenty of it.