Weak peso may spur inflation—analysts

Quick Summary:

FILIPINOS should brace for higher commodity prices in the coming months if the depreciation of the Philippine peso continues against the United States dollar, according to local economists.

The “knee-jerk reaction” is for the BSP to “defend the peso by supplying more dollars in the market.

On Thursday, the Philippine peso closed at P59 to the greenback.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: PhilippinesUnited States

Topics: Higher Philippine Peso Depreciation Ravelas Commodity Dollar Become Prices Greenback Services

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 21:17:15 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 646 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23744926

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Main Topics: BusinessStartups

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