22 Quotes by Jonathan Ravelas

The peso is likely to test the 51-to-one levels as early as next week.

The peso attempted to breach the 53 level for the first time in over two years. The next target would be for the peso to reach the 52-to-a-dollar level.

The recent falls should be taken as an opportunity to buy ahead of the index change in April.

There could be a quarter-point increase every quarter to (a total of) one percentage point for the full year.

We could still probably go to 150-170 (basis points on the Philippine five-year CDS). People are going to be waiting for the first-quarter tax numbers before taking it to those levels.

The risk to the administration seems to be dissipating ... we will probably see a more stable market next week.

The strong remittances and additional government spending this year should help mitigate the adverse impact of additional taxes and high oil prices on consumer spending.

This is good news but we can't say at this point that a recovery is now underway. We want to see first how exports will perform in the next two to three months before we can make any conclusion.

The lifting of the state of emergency is a clear signal that the threats against the government have been neutralized more so this would boost financial markets, particularly the peso.