Metrobank research team bags top forecaster award

CEBU, Philippines — Universal bank Metro Bank & Trust Co.’s (Metrobank) Research and Market Strategy Team is recognized as the Philippines’ 2023 top forecaster for exchange rate and for inflation at the FocusEconomics 2023 Analyst Forecast Awards.

“We always aim to form the most accurate and in-depth forecasts to guide our clients as they navigate volatile market conditions. Being ranked as the top institution for providing the most accurate forecasts for Inflation and for Exchange Rate in the country by FocusEconomics is truly an honor for the whole team,” said Metrobank Research and Market Strategy Team in a statement.

Metrobank ranked first for both the Exchange Rate and the inflation forecasting categories, besting other market strategy teams of financial institutions within the region.

FocusEconomics Analyst Forecast Awards recognizes the most accurate economic forecasters for six key macroeconomic indicators in 100 countries – GDP (Gross Domestic Product) Fiscal Balance, Inflation, Interest Rate, Exchange Rate and Current Account – and for 21 different commodities.

The bank’s Research and Market Strategy team has been releasing its macroeconomic forecasts and insights to guide the bank and its clients on their investment decisions.

Metrobank is one of the country’s largest private universal banks that empower both retail and business clients with customized financial products and services fit to help reach their goals and full potential.

It has an extensive consolidated network that spans over 940 domestic branches nationwide, more than 2,300 ATMs, and above 30 foreign branches, subsidiaries, and representative offices.

Metrobank’s consolidated assets stood at P3.2 trillion at the end of March 2024, making it one of the strongest and well-capitalized banks in the country.