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Palace flags risks if peso slides to P60 versus dollar
Business World Philippines
|January 23, 2026
PHILIPPINE President Ferdinand R. Marcos, Jr. hopes the peso does not weaken to P60 against the dollar since a sharper depreciation would raise costs across the economy and add pressure to government debt, Malacañang said on Thursday.
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Palace Press Officer Clarissa A. Castro said Mr. Marcos remains in close coordination with the Bangko Sentral ng Pilipinas (BSP), though the central bank continues to see no need for immediate intervention in the foreign-exchange market.
“The BSP is more focused on preventing excessive volatility in the peso rather than targeting a specific exchange rate level,” she told a Palace news briefing in Filipino.
A weaker peso would push up the cost of imports for the Philippines, which depends heavily on overseas supplies of fuel, energy and pharmaceutical products.
Higher import prices could feed into broader inflation pressures and weigh on household spending.
This story is from the January 23, 2026 edition of Business World Philippines.
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