Topic

peso exchange rate USD PHP

Latest Daily Tribune news and analysis on peso exchange rate USD PHP.

  2. ENERGY Secretary Sharon S. Garin

    Weak peso threatens higher power bills

    The Philippine peso's record low of P64 against the US dollar could drive up electricity bills and fuel prices as imported coal, diesel and liquefied natural…

    2 MIN READ

  3. Peso breaches P64 as record-low streak extends

    Peso breaches P64 as record-low streak extends

    The Philippine peso has closed above the P64 level for the first time in history, slumping to a sixth consecutive record low of P64.17, down 22 centavos from…

    3 MIN READ

  4. When the peso buys less

    When the peso buys less

    Higher rates can restrain inflation, but they can also increase borrowing costs for households and businesses, depending on their loan terms.

    2 MIN READ

  6. BANGKO Sentral ng Pilipinas Governor Eli Remolona Jr. has clarified that the central bank does not hike policy rates to prop up the peso. When the BSP raises interest rates (such as the 50-basis-point hike bringing the policy rate to 5.50 percent on Thursday, 22 October), it does so to combat broadening domestic demand pressures, oil/transport price shocks, and supply-side risks like El Niño, rather than to target the foreign exchange rate itself.

    Remolona: BSP not hiking rates to defend peso

    ‘We do intervene a little bit in the foreign exchange market, but that’s mainly to avoid swings in the exchange rate that tend to be inflationary.’

    2 MIN READ

  7. BANGKO Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. speaks at a press conference at the BSP Manila headquarters following the central bank’s “jumbo” 50-basis-point rate hike on Thursday.

    Remolona: BSP not hiking rates to defend peso

    Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. maintained the central bank’s hands-off approach to the Philippine peso, saying it does not use…

    2 MIN READ

  10. Peso sets another record low, stocks gain

    Peso sets another record low, stocks gain

    The Philippine Stock Exchange Index (PSEi) gained 0.26 percent to 5,797.90 on Monday as investors bought discounted shares amid easing global oil prices. The…

    2 MIN READ

  11. Peso sets another record low as stocks gain

    Peso sets another record low as stocks gain

    The Philippine Stock Exchange Index (PSEi) rose 14.98 points, or 0.26 percent, to 5,797.90 on Monday, while the peso weakened 10.5 centavos, or 0.17 percent,…

    2 MIN READ

  12. 50-point rate hike seen as peso weakens further

    50-point rate hike seen as peso weakens further

    The Bangko Sentral ng Pilipinas may consider a 50-basis-point interest rate hike as the peso weakens past ₱63 against the US dollar, according to BPI lead…

    2 MIN READ