The country’s sound external liquidity position like the balance of payments (BOP) is a useful buffer to counter external shocks that negatively affect the movement of the peso, according to the Bangko Sentral ng Pilipinas (BSP).
“The weakening of the peso was not totally unexpected, just like the weakening of the other regional currencies. It’s not totally unexpected because there remains uncertainty about the speed and the duration of the Fed taper,” BSP Governor Amando Tetangco Jr. said during the Annual Reception to the Banking Community.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.