PIDS warns of severe forex fluctuations

by The Manila Times

Dec 04, 2022 12:19 am

THE country should prioritize avoiding severe exchange rate fluctuations as economic activity is expected to weaken next year given global headwinds, according to a Philippine Institute for Development Studies (PIDS) discussion paper.

Citing previous paper, authors PIDS senior research fellow Margarita Debuque-Gonzales, supervising research specialist John Paul Corpus and research analyst Ramona Maria Miral said sharp peso depreciation makes the fight against inflation even more difficult.

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