Latest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
The Philippine peso hit a 19-month low for the third consecutive trading day on Wednesday, following the release of local economic data that showed consumer prices grew at six-month high pace in May.The local unit lost 7 centavos to close at P58.78:$1 from Tuesday’s finish of P58.71:$1. This is the worst showing since November 3, 2022’s finish of P58.80:$1.The depreciation comes after the Philippine Statistics Authority reported May inflation at 3.
ASEAN economist Aris Dacanay said at a separate briefing in Taguig City.Dacanay cited the current account deficit, the elevated inflation, and hike rates by the Federal Reserve in 2022, factors which he said are no longer present.“Those things aren’t happening today, so I do think that even without the BSP intervention… it’s much better for it to support the peso and to basically not reach that , hopefully,” he said.According to BSP governor Eli Remolona Jr.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Philippine peso edges closer to record lowThe Philippine peso is trading precariously close to its all-time low against the US dollar.
Baca lebih lajut »
Scared but staying put: Pag-asa Island residents play crucial role in PH-China rowLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Baca lebih lajut »
Mikael Daez visits Ilocos Norte with Megan Young: 'I have lots of memories here'Latest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Baca lebih lajut »
Metro Manila Subway eyes 'full operations' by 2029Latest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Baca lebih lajut »
Solenn Heussaff to Nico Bolzico on 8th wedding anniversary: 'You have given me the family of my dreams'Latest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Baca lebih lajut »
Peso slips to P58:$1 levelLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Baca lebih lajut »