STEADY POLICY. The peso continues to fall victim to the US dollar's strengthening but authorities said the local currency remains in the middle of the pack in terms of depreciation among Asian currencies. Monetary authorities said monetary policy tools are being used to help tame inflation rate as well as help buoy the peso. (PNA file photo) #PBBMSONA2022 MANILA - Monetary authorities maintain that a market-determined exchange rate policy is still good for the Philippine peso despite its depreciation. To date, the peso is trading at 56-level against the greenback, a far cry from its 53-level at the start of the year. The local unit has depreciated by around 10 percent against the greenback since the start of the year but authorities said this performance remains at the middle compared to its counterparts in the region. President Ferdinand "Bongbong" Marcos Jr. earlier said the rise in domestic inflation rate is due mainly to imported inflation, referring to the impact of