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BSP easing puts pressure on peso
Manila Bulletin
|August 11, 2025
Dutch financial giant ING said the Philippine peso is likely to continue losing ground against the United States (US) dollar as the Bangko Sentral ng Pilipinas (BSP) remains unfazed by its weakening and is expected to deliver substantial cuts in key borrowing rates.
“Given our expectations of still large rate cuts and BSP’s increasing tolerance for currency weakness, we expect Philippine peso to trade with a weakening bias,” said Deepali Bhargava, regional head of research at ING Asia-Pacific.
Last Friday, the Philippine peso—shedding 14 cents—depreciated against the US dollar to close the week at P57.11 from P56.97 last Thursday.
According to the Bankers Association of the Philippines (BAP), the local currency hit an intraday low of P57.22 and a high of P56.845 after opening at P56.92 on Friday, Aug. 8. Total trading volume declined to $2.456 billion from Thursday’s $2.706 billion.
Diese Geschichte stammt aus der August 11, 2025-Ausgabe von Manila Bulletin.
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