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

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
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