Credit Suisse Pegs No-Change in Philippines Rates on Thursday

        0346 GMT [Dow Jones] With inflation slightly above expectations but within a comfortable range, and money supply showing sequential moderation, the Philippines central bank is unlikely to change monetary policy on Thursday, Credit Suisse says. Analysts are split though, with ANZ voting for a 1% rise in the reserve ratio requirement. Credit Suisse says adjustments to policy rates are likely later in the year, with the RRR being brought back up to 21% from 19% currently. "Looking forward into 2014 we continue to believe that the central bank will use the reserve ratio requirement as a first line of defence, possibly with a macroprudential measure on real estate," Credit Suisse says. (jake.watts@wsj.com)
        (END) Dow Jones Newswires

        May 05, 2014 23:46 ET (03:46 GMT)