The market-determined peso shied away from a P55 exchange rate to the US dollar on Friday, June 24, unlike the past two Fridays when the local currency breached new levels. The peso closed the week at P54.985, short by P0.015 to hit a 17-year low of P55, versus the strong US dollar. Week-on-week,
The Bangko Sentral ng Pilipinas (BSP) said the periodic review and refinement of the list of domestic systemically important banks (D-SIBs) will be based on the latest data instead of end-year information they are currently using. Banks considered as D-SIBs are those whose distress or disorderly fa
As expected by the market, the Monetary Board, the policy making body of the Bangko Sentral ng Pilipinas (BSP), has raised the benchmark rate by another 25 basis points (bps) to 2.5 percent on Thursday, June 23, with upside risks to inflation now detected up to 2023 due to persistent higher oil pric
The peso is about to breach P55 to the US dollar this week after depreciating further to P54.7 on Thursday, June 23, amid US recession and high inflation worries. This could be the third time this month that the peso slipped versus the strong greenback first at P53 last June 10 and before hittin
Peso sinks to fresh 16 5-year low as BSP hikes rates by just 25 bps bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.