Peso Climbs on Hawkish Signals From BSP Chief - BusinessWorld Online

Bangko Sentral chief sends hawkish signal

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has room to raise interest rates to contain an oil-driven surge in inflation, Gov. Eli Remolona Jr. said, expressing hope that a meaningful rebound in government spending could help offset the drag on growth from tighter monetary policy. “We also know that government spending will pick […]...Keep on reading: Bangko Sentral chief sends hawkish signal

Peso climbs on hawkish signals from BSP chief - BusinessWorld Online

THE PESO strengthened anew against the dollar on Thursday, supported by hawkish signals from the Philippine central bank chief and amid continued market uncertainty due to the Middle East war. The local unit climbed by 14.5 centavos to close at P59.97 against the greenback from its P60.115 finish on Wednesday, data from the Bankers Association of the Philippines showed. The currency opened Thursday stronger at P59.999 per dollar. Its intraday be…