BusinessWorld E-paper
October 13, 2022
THE BANGKO SENTRAL ng Pilipinas (BSP) on Wednesday said the peso depreciation has been fueling inflationary pressures, adding that this strengthens the case to “act decisively.”
The Philippine peso closed at P58.965 against the dollar on Wednesday, losing
10 centavos from its P58.865 finish on Tuesday. This is just 3.5 centavos away
from the local currency’s record close of P59 on Oct. 10.
