Section

BMI: Cutting ahead of Fed may send peso to record-low 59

By Inquirer - 5 months ago
The Philippine peso could potentially weaken to beyond the record-low 59 level should the Bangko Sentral ng Pilipinas (BSP) decide to ease ahead of the US Federal Reserve, BMI Research said. In a commentary sent to reporters on Thursday, the unit of the Fitch Group said it is still sticking to its 2024 year-end forecast

Topics:

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.