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Philippines to Resist Large Swings in Peso, BSP Governor Says

Philippines to Resist Large Swings in Peso, BSP Governor Says

Bloomberg20-03-2025

The Philippine central bank will resist big swings in the peso, particularly if it is weakening, Governor Eli Remolona said, as emerging markets from Indonesia to Turkey turned volatile this week.
'A big swing toward the direction of depreciation tends to be inflationary,' Remolona said in an interview with Bloomberg TV's Haslinda Amin on Wednesday. 'So we worry about that, so we have to somehow resist that.'

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