BusinessWorld E-paper
June 17, 2024
THE BANGKO SENTRAL ng Pilipinas (BSP) sees the recent peso weakness as temporary amid the expected delay in the US Federal Reserve’s policy easing.
“We also have to consider that this depreciation of the peso, we view it as temporary given the monetary policy stance of the US, particularly of delaying the reduction in the policy rate of the US. And we believe this is only temporary,” BSP Senior Assistant Governor Iluminada T. Sicat told a press briefing on Friday.
