Tag: weak
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Peso to remain weak as BSP appears less likely to defend
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THE PESO may remain weak against the dollar as the Bangko Sentral ng Pilipinas (BSP) is not expected to “strongly” defend the currency amid its recent dovish policy signals, Bank of America (BofA) Global Research said. “(The Philippine peso) remains on the weaker side, taking cues from the BSP’s dovish…
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NG debt rises in April on weak peso
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THE NATIONAL Government’s (NG) outstanding debt returned to the P15-trillion level as of end-April due to the weaker peso, the Bureau of the Treasury (BTr) said.
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Recto expects BSP to keep rates steady amid weak peso
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LATEST INFLATION DATA and the recent peso performance will likely prompt the central bank to extend its policy pause, Finance Secretary Ralph G. Recto said. “We’ll take a look at the data. So far, the way I see it, unless something changes between now and then, I think (it will…