THE peso is projected to stay 'broadly stable' against the dollar, driven by a mix of external and internal factors, following a decline earlier this year.
Bangko Sentral ng Pilipinas (BSP) Gov. Eli Remolona Jr. told The Manila Times that the currency would be 'influenced by external factors such as the timing and pace of US monetary policy easing, US election outcomes, China's economic slowdown and geopolitical concerns.'
The Bangko Sentral ng Pilipinas aims to smooth out excessive fluctuations that could impact inflation expectations and overall economic stability. PHOTO BY J. GERARD SEGUIA