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Philippines debt piles up to P15 02 trillion in April

Philippines debt piles up to P15 02 trillion in April
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Stocks, peso fall

Timing of BSP cuts uncertain – analysts | The Manila Times

THE Bangko Sentral ng Pilipinas (BSP) will still likely start cutting interest rates this year, but the timing has become more critical given the peso s recent decline, analysts said.

Philippine Peso Drops Past Key 58 Level in Headache to BSP

(Bloomberg) The Philippine peso dropped past the key 58-per-dollar level, putting pressure on the central bank to step up efforts to support the currency.Most Read from BloombergHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovyIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteJamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’One of the Last Big Bears on Wall Street Turns Bullish on US StocksFlorida’s 125% Surge in Property-Insurance Bills Sows HavocThe peso fel

Peso breaches 58:$1

The peso pierced the 58 to $1 level yesterday, weakening by 37 centavos to close at 58.27 from 57.90 last Monday, due to delayed rate cuts from the US Federal Reserve, the Bangko Sentral ng Pilipinas said.

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