USD/PHP: Philippines Intervened in Small Way to Defend Peso, BSP Governor Says

🌐 Bloomberg (PH) —

AI Summary

The Philippine central bank intervened modestly to support the peso amid weakening against the US dollar, according to Governor Eli Remolona. The move aimed to stabilize the currency after it hit a record low.

The Philippine central bank intervened in a small way to defend the peso last week, Governor Eli Remolona said, as the currency weakened to a record low.

Politics Markets Philippines peso currency intervention central bank Eli Remolona exchange rate

Read original source →