Dutch financial giant ING expects the Philippine peso to depreciate against the United States (US) dollar in the near term as the US President Donald Trump-led global trade war rages on and the domestic economy weakens. "We look for the Singapore dollar and Philippine peso to underperform in a...
The Philippine peso's gains against the United States (US) dollar at the start of the year may be erased by the widening current account deficit, according to the World Bank. In its Philippines Monthly Economic Developments report for March 2025, the Washington-based multilateral lender noted that...
The peso's recent relative strength against the US dollar would unlikely last for long amid external and domestic threats, according to Singapore-based United Overseas Bank (UOB). While the local currency had traded flat against the US dollar year-to-date as of the first week of this month, "the...
The Philippines will buck the downward trend and lead economic growth acceleration among emerging markets in 2025, according to the London-based think tank Capital Economics. A Feb. 20 report of Capital Economics assistant economist Lily Millard showed that among emerging markets that are...
The US dollar's strength is expected to linger for the rest of the year, potentially hiking borrowing costs for emerging markets like the Philippines, according to the Washington-based Institute of International Finance (IIF). "A strong US dollar will be a key feature of 2025 and beyond. While...
The intensifying conflict between President Ferdinand Marcos Jr. and Vice President Sara Duterte-Carpio may deter foreign capital and funds from flowing to the Philippines, according to Dutch financial giant ING. In a Feb. 14 report, ING cited the Marcos-Duterte rift as a key investor concern as...
The peso continued its downward slide, depreciating further as it returned to the 59 level against the US dollar. According to data from the Bankers Association of the Philippines, the peso depreciated by 0.01 centavo from Wednesday’s finish of P58.99 against the greenback. During the...
(MANILA BULLETIN) Economist-solon Albay 2nd district Rep. Joey Salceda has advised the Philippine government to "adapt" amid concerns that the peso slide against the United States (US) dollar would persist well into 2025. Incidentally, January...
Think tank Capital Economics has flagged potential risks to Asian currencies, including the Philippine peso, should Donald Trump secure victory in the upcoming US presidential election. In a report, Capital Economics said that Trump's protectionist policies could exert depreciation pressures...
The relative strength or weakness of the Philippine peso would be a consideration for monetary authorities in determining the extent and pace of the ongoing policy easing cycle, economists said. Following the 25-basis point (bp) reduction in the policy rate to six percent on Wednesday, Oct. 16,...
The country’s inflation rate may have peaked this year after the rice tariff cut was implemented, analysts have suggested. In its June inflation report, the Bank of the Philippine Islands (BPI) stated that the July inflation data will likely remain near the upper limit of the Bangko Sentral ng...
The depreciation of the peso has not only driven up prices for imported goods for Filipino consumers but has also contributed to the substantial increase in the government's debt burden. According to the Bureau of the Treasury, the peso's “considerable” weakening, reaching a low point not seen...
