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 value transactions of banks and non-banks via the PESONet and InstaPay reached P3.81 trillion in the first quarter 2024, up 33 percent from same time last year of P2.87 trillion, based on data from the Bangko Sentral ng Pilipinas (BSP). The combined volume of both PESONet and InstaPay in the...
The peso slipped back to the P56 level versus the US dollar. It closed at P56.01 on Tuesday, Jan. 9, 2024, from P55.69 on Monday, Jan. 8. The last time the peso breached P56 was Dec 13, 2023 when it closed at P56.055. It appreciated below P56 the next day and has stayed at the mid-P55 level for the...
The peso closed higher at P48.64 to the US dollar on Tuesday, (Feb. 23) from P48.70 the previous day. The weighted average rate depreciated to P48.701 from P48.562. Total volume amounted to $1.221.2 billion,...
