BSP says ready to stem peso volatility

By

-

2 weeks ago

MANILA, Philippines — The Bangko Sentral ng Pilipinas said it is ready to manage any “excessive” weakness of the peso, which has fallen to 17-month lows. In a statement, BSP Governor Eli Remolona Jr. said the peso’s weakness stemmed from a strengthening dollar, as geopolitical risks and diverging US rate outlook stoke capital flight to Read The Rest at :

Inquirer

Topics:

ready

volatility

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.