Philippines: A weakening peso is creating a problem for BSP’s easy-money policy
MANILA, Philippines — The continued weakening of the peso could create a headache for the Bangko Sentral ng Pilipinas, which may be forced to tighten monetary policy earlier-than-expected at a time the economy still needs support to recover from a pandemic-led slump. After outperforming most Asian currencies last year, the local unit is now trading […]
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