BSP remains 'very active' to control peso

By Tiziana Celine Piatos

Oct 09, 2022 12:17 am

THE Bangko Sentral ng Pilipinas (BSP) said on Friday evening it has been a 'very active' foreign exchange market to control the Philippine peso from depreciating and reduce excessive volatility.

At the sidelines of the 2022 Annual Reception for the Banking Community, BSP Governor Felipe Medalla told the reporters that the Monetary Board (MB) makes its decisions concerning the country's inflation.

A general view of the Bangko Sentral ng Pilipinas Building in Malate, Manila. TMT FILE PHOTO

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