Malacañang says low inflation, strong reserves to support Philippine peso - BusinessWorld Online

Malacañang says low inflation, strong reserves to support Philippine peso - BusinessWorld Online

THE Philippines’ economic managers remain confident the peso will be underpinned by low and stable inflation, ample foreign-exchange reserves and an improving investment climate, Malacañang said on Monday, even as the currency continues to trade near the P59-a-dollar level. Palace Press Officer Clarissa A. Castro said the Bangko Sentral ng Pilipinas continues to allow the peso to be determined by market forces, while maintaining what the central…