BSP chief says impact of peso weakness on inflation 'not large'
The Philippine Star|June 28, 2024
The effect of a weaker peso against the dollar would not be large enough to have an adverse impact on inflation, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said.
- KEISHA TA-ASAN
BSP chief says impact of peso weakness on inflation 'not large'

Following the Monetary Board's policy meeting yesterday, Remolona said monetary authorities are closely watching the movements in the foreign exchange market as they don't want the peso to depreciate too sharply.

"We occasionally intervene. I think (yesterday) we did intervene. We don't want the peso to depreciate too sharply (against the dollar)," Remolona said.

However, the impact of a weaker peso to inflation would not be very large, he said.

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