THE Philippine peso remains broadly stable despite the strength of the greenback, Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. said on Tuesday, noting remittances and other dollar-earning sectors will continue to support the local currency.
During the Management Association of the Philippines (MAP) Economic Briefing 2017 in Makati City, Tetangco said prospects of higher interest rates in advanced economies like the United States have affected emerging markets like the Philippines in terms of foreign exchange.
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