Try GOLD - Free
Peso to appreciate despite rate cuts
Manila Bulletin
|August 23, 2025
Fitch Solutions’ unit BMI said that despite monetary policy easing and the expected two more quarter-point cuts in key interest rates before year-end, it still sees the Philippine peso appreciating to as strong as P55 against the United States (US) dollar.
“Despite rate cuts by the BSP [Bangko Sentral ng Pilipinas], the peso will strengthen slightly from current levels as the evolving situation in the US weighs on the dollar,” BMI said in a report published Wednesday, Aug. 20.
On Wednesday, the peso strengthened against the US dollar, closing at P56.96, which was also its intraday high, from P57.1 last Tuesday, Aug. 19. The local currency hit an intraday low of ®57.39 after opening at 57.25.
This story is from the August 23, 2025 edition of Manila Bulletin.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Manila Bulletin
Manila Bulletin
Caloocan City gov't turn over housing units to 4PH beneficiaries
The Caloocan City government has started the turnover of housing units to over 125 individuals on Sunday, Feb. 8.
1 mins
February 10, 2026
Manila Bulletin
When music gave new hope to our poor kids
Last Saturday night, the music of The Rainmakers did more than entertain.
3 mins
February 10, 2026
Manila Bulletin
Crowd darlings renew PVL rivalry
Fan-favorites Creamline and Choco Mucho renew their rivalry when the two powerhouse squads collide in the Premier Volleyball League All-Filipino Conference on Tuesday, Feb. 10, at the Mall of Asia Arena in Pasay City.
1 min
February 10, 2026
Manila Bulletin
Mayor Isko orders probe on viral fistfight between Intramuros guards and teenager
Manila Mayor Francisco \"Isko Moreno\" Domagoso ordered an immediate investigation into the now-viral video of a fistfight between two Intramuros Administration security guards and a 17-year-old teenage boy at the Riverside Plaza Mexico Esplanade in Intramuros, Manila, on Sunday night, Feb. 8.
1 mins
February 10, 2026
Manila Bulletin
Fuel prices spike
Motorists are facing another squeeze at the pump as domestic fuel prices are set to climb for the sixth time this year, driven by tightening geopolitical sanctions and shifting trade alliances in the global crude market.
1 min
February 10, 2026
Manila Bulletin
Go, Gregorio laud Fil-Chi basketball tilt
Sen. Christopher “Bong” Go and Philippine Sports Commission (PSC) Chairman Patrick “Pato” Gregorio commended on Sunday, Feb. 8, the Fil-Chinese Athletic Association Inc. for staging a basketball tournament, believing such activity is just one way to staying fit and healthy.
1 min
February 10, 2026
Manila Bulletin
Fuse loan disbursements surge 65% to ₱362 B
Fuse Financing Inc., the lending arm of local fintech giant Mynt, reported a 65 percent surge in loan disbursements last year, leveraging its proprietary credit-scoring model to reach millions of unbanked borrowers.
1 min
February 10, 2026
Manila Bulletin
You nullify the word of God
What is clear here is that Jesus accepts the Law in the Decalogue (Ten Commandments) as binding.
2 mins
February 10, 2026
Manila Bulletin
Boosting the economy through responsible mining
The recent Memorandum of Understanding (MOU) between the United States and Philippine governments on the mining of critical minerals can be a significant milestone in attracting responsible mining investments, setting a framework for US-based mining companies as they pursue investments in the Philippines.
1 mins
February 10, 2026
Manila Bulletin
Marcos: Stable electricity key to productivity
President Marcos said a stable electricity supply is essential in ensuring productivity and creating economic opportunity, as he hailed the Caliraya-Botocan-Kalayaan (CBK) hydroelectric complex as a key stabilizer of the Luzon power grid.
1 mins
February 10, 2026
Listen
Translate
Change font size