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BSP unfazed by peso slump to 57:$1

By Inquirer - 7 months ago
MANILA, Philippines – The recent weakness of the peso is “not large enough” to upset inflation expectations and trigger any policy actions from the Bangko Sentral ng Pilipinas (BSP), Governor Eli Remolona Jr. said on Wednesday. At a press conference, Remolona said the local currency’s slump was “not a case of a weak peso, [but]

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