Investor Presentaiton
Metrobank Economic Research Forecasts
As of February 2022
2020A
2021A
2022F
2023F
GDP
-9.6%
5.6%
6.8%
6-7%
Inflation
2.4%
4.5%
3.4%
3-4%
BSP RRP rate
2.0%
2.0%
2.5%
3.0%
USDPHP Trend
48.0
50.8
52.1
53.4
DISCLAIMER INFORMATION
The report above is circulated for general information only. The opinions expressed are solely those
of the contributors and are based on prevailing market conditions and public sources that are believed
to be reliable. Metrobank and the report contributors/support staff do not make any guarantees or
representation as to the accuracy, completeness or suitability of this report. The report may contain
confidential or legally privileged material and may not be copied, redistributed, or published without
prior written consent. Opinions or strategies contained in this publication may change without prior
notice and should not take the place of professional investment advice or sound judgment on the part
of the reader.
© Metropolitan Bank & Trust Company | Investor Relations | February 2022 | MBT Company Presentation
8
GDP Forecasts
DBCC*
7.0% - 9.0%
N/A
ADB
5.5%
N/A
WB
5.9%
5.7%
Moody's
6.5%
N/A
Fitch
6.5%
N/A
IMF
6.3%
"close to 7%"
S&P
7.4%
N/A
*Development Budget Coordination Committee - formulates the National Government's fiscal program;
composed of the Office of the President, DBM, NEDA, and DOF. The BSP attends the Committee
meetings as a resource agency.
This material was produced by Metrobank for information purposes only and is intended to be used in presentations by the Bank at investor meetings and does not constitute a recommendation regarding the securities of the Bank or any of its affiliates.
It must not be released to other parties in whatever form without prior consent of the authors.
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