Latest news with #BangkoSentralNgPilipinas
Bloomberg
12 hours ago
- Business
- Bloomberg
Philippines to Step In Should Peso Weakness Threaten Prices
Philippine central bank Governor Eli Remolona said authorities are prepared to intervene more strongly in the foreign-exchange market should the decline in the peso threaten inflation. 'The effect of the exchange rate on inflation depends on how big the depreciation is, and we have estimates of that threshold,' Remolona said in an interview with CNBC on Friday. 'We would come in somewhat more forcefully than before' once such threshold is breached, he said.
Bloomberg
a day ago
- Business
- Bloomberg
Philippines Cuts Key Rate Again as Inflation Stays Below Target
The Philippine central bank lowered its key interest rate by a quarter point for the second time this year as widely expected, after inflation remained below target. The Bangko Sentral ng Pilipinas reduced its overnight target reverse repurchase rate to 5.25% on Thursday, matching the forecast by 29 of 30 economists in a Bloomberg survey. One saw a hold.
