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Business > Top Business
Dollar-hedging facility rules tweaked by BSP
By Niña Myka Pauline Arceo
Apr 26, 2023 12:45 am

MONETARY authorities have approved operational amendments and expanded the coverage of a dollar-hedging facility in a bid to ease pressures in the foreign exchange (FX) spot market.

'The lessons from last year's weakness in the peso show that spillover of risks is inevitable in an increasingly global and interconnected world,' Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla said in a statement on Tuesday.

Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla. File Photo

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