THE peso is expected to remain stable against the US dollar in the coming months, an analyst said, especially given the continued readiness of local monetary authorities to act should the US Federal Reserve pause or hike interest rates next month.
"Any Fed rate decision, a possible +0.25 Fed rate hike or pause on May 3, 2023, would likely be matched locally on May 18, 2023 to maintain comfortable interest rate differentials that help stabilize the peso, import costs/prices, and overall inflation," Rizal Commercial Banking Corp. chief economist Michael Ricafort said.
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