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BSP: Peso at ₱60 not imminent
Manila Bulletin
|January 26, 2026
Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. signaled that while the central bank remains vigilant against currency volatility, a slide to the P60-per-dollar threshold is not imminent.
Speaking at the 2026 annual reception for the banking community on Friday, Jan. 23, Remolona indicated that any potential intervention would be dictated by the velocity of the peso's decline rather than specific psychological floor.
"Not soon," Remolona told reporters when asked whether it is inevitable for the local currency to trade weaker at P60 against the United States (US) dollar.
This comes on the heels of President Ferdinand Marcos Jr. signaling resistance to a further slide of the peso toward the P60 level.
Remolona said the central bank's response to foreign exchange (forex) movements will mainly center on the pace of depreciation. Last week, the peso maintained an appreciation streak after a series of plunges to record lows.
Diese Geschichte stammt aus der January 26, 2026-Ausgabe von Manila Bulletin.
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