THE stock market plunged below 6,000 on Friday and the peso also succumbed as investors digested the country's below-target economic growth and worried over the pace of interest rate cuts.
The peso may weaken further in 2025 and 2026, settling slightly above the government’s foreign exchange rate assumptions, as the US Federal Reserve might take a slower approach to monetary policy ...
IN RECENT YEARS, the Philippines has experienced a sharp rise in inflation and fluctuating exchange rates. The peso depreciated by 10.5% against the US dollar in 2022, briefly recovered with a 1% ...