A “forceful” intervention by the Bangko Sentral ng Pilipinas (BSP) prevented the peso from hitting a new 20-month low on Thursday, demonstrating the central bank’s readiness to defend the local ...
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Defending the peso
The Bangko Sentral ng Pilipinas (BSP) has adopted a new approach to guide its foreign exchange interventions. In an interview with Bloomberg, Governor Eli Remolona Jr. said the central bank is ...
Volatility mitigation: People lounge around against the backdrop of a sunset at Manila Bay. Remolona says global factors, rather than domestic ones, are often the key drivers of volatility in emerging ...
Make this your preferred source to get more updates from this publisher on Google. The Philippine peso edged up against the US dollar on Friday following the Bangko Sentral ng Pilipinas’ (BSP) ...
Make this your preferred source to get more updates from this publisher on Google. PANGLAO, Bohol — The Bangko Sentral ng Pilipinas (BSP) on Monday said it only steps in to help manage the peso-dollar ...
A peso depreciation to record-low 59:$1 “looks likely” as the currency continued to be overpowered by a rallying dollar, although a deeper fall beyond that level is unlikely as the Bangko Sentral ng ...
IN EARLY APRIL, the central bank lowered its forecast for risk-adjusted inflation to 2.3% this year from the 3.5% prediction it made in February. — BLOOMBERG THE PHILIPPINE central bank said its ...
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