BSP says ready to stem peso volatility

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7 months 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

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