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Philippine central bank Governor Eli Remolona said third-quarter GDP growth may have recovered modestly from the 2.3% post-pandemic low recorded in the second quarter. He added that a widening negative output gap could reduce the likelihood of further rate hikes.
A slower economy and possible pause in BSP tightening would weigh on Philippine feed demand growth and on the peso, while easing rate pressure could support import demand at the margin.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.