OPINION
NEWS
REGIONS
WORLD
BUSINESS
SPORTS
ENTERTAINMENT
LIFESTYLE
THE SUNDAY TIMES
SPECIAL FEATURES
SPECIAL SECTIONS
TMT NEWSWIRE
FAST TIMES
LEGAL ADVICE
CAMPUS PRESS
VIDEOS
EXPATS & DIPLOMATS
PHOTOS
BUSINESS FORUM
PODCASTS
RESOURCES
WEATHER
MARKET OVERVIEW
CLASSIFIEDS
EXAM RESULTS
TMT DIGITAL EDITION
TMT CSI
TMT 126TH ANNIVERSARY
QUIZZES
GAMES
Business > Top Business
Peso weakness temporary – BSP
By Niña Myka Pauline Arceo
Jun 17, 2024 12:40 am

THE peso's current weakness is expected to be temporary, a Bangko Sentral ng Pilipinas (BSP) official said, and a higher balance of payments (BoP) surplus this year is expected to be a stabilizing factor.

'We believe that this is only temporary... the peso will be largely influenced by the foreign exchange supply and demand,' central bank Senior Assistant Governor Iluminada Sicat said in a briefing on Friday.

Central bank Senior Assistant Governor Iluminada Sicat

Related Articles

NG gross borrowings markedly lower in Nov

Pharma firm looking to build ecozone – PEZA

Compliance with consumer redress standards deferred

Trade deal to notably benefit PH agriculture

Amended rice tariff law a 'fitting Christmas gift' to farmers, says Tiu Laurel

Top Line optimistic to drive growth in 2025

Managing for society: A 2024 review