Philippine Central Bank ‘very active’ in FX market: Governor - BusinessMirror

  • 📰 BusinessMirror
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 59%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The Philippine central bank has been “very active” in the foreign exchange market to curb excessive volatility and stem the peso’s depreciation, Governor Felipe Medalla said. Know more:

The Philippine central bank has been “very active” in the foreign exchange market to curb excessive volatility and stem the peso’s depreciation, Governor Felipe Medalla said.

“We will not allow excessive changes in the exchange rate,” the governor said. “We, of course, sell strategically. It’s wiser to keep your powder dry and shoot later.” Higher interest rates, intervention in the currency market, and sterilization should be sufficient to cushion the economy against risks, Medalla said. “I am confident that by selecting the correct combination of these three measures, we will be able to navigate.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 19. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

VMR predicts rise of NFT market to $231B by 2030 - BusinessMirrorNon-fungible tokens (NFTs) are going to occupy a significant position in the market, with their value swelling to $231 billion by 2030, according to a report by Verified Market Research (VMR). At the 6th General Membership Meeting of the Philippine Marketing Association (PMA) on Thursday, Dennis Lim, general manager of LuponWXC, a community-backed gaming and
Source: BusinessMirror - 🏆 19. / 59 Read more »