Marcos Vows to Defend Peso and Lower Food Prices Amid Inflation
What happened
President Ferdinand Marcos Jr. stated that the government would continue to defend the Philippine peso against its record low against the US dollar. He also vowed to bring down food prices, acknowledging that inflation accelerated to 7.2 percent in September. Marcos attributed the peso's weakness partly to rising global oil prices.
From sunstar.com.ph
Why it matters
The peso's weakening makes imports, including fuel, more expensive, which could increase transport and household costs. Marcos noted that monetary policy alone cannot address inflation driven by supply constraints and higher production and import costs.
From sunstar.com.ph
Who's involved
- MarcosChief executive and political leader of the Philippines
- PhilippinesThe nation experiencing currency depreciation and inflation
- National Food AuthorityGovernment agency whose mandate is impacted by food price intervention
- PSBankFinancial institution operating within the geographical area of Muntinlupa
- San Beda College AlabangEducational institution located in the region
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- National Food AuthoritySpeculative
The National Food Authority might face increased pressure to intervene in food prices due to currency depreciation and inflation.
- PSBankSpeculative
PSBank could face increased operational risk and costs due to currency depreciation and inflation.
- San Beda College AlabangSpeculative
San Beda College Alabang may see higher operational expenses due to inflation and increased fuel costs.
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The entities involved
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Marcos
Indonesian politician (born 1985 in Jakarta)
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Muntinlupa
highly urbanized city in Metro Manila, Philippines
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Related events
- Marcos lauded the stock market listing in the Philippines on October 1, 2026.
- Marcos attended the inaugural session ceremony in Cotabato City on October 30, 2026.
- Marcos promotes Philippine culinary and tourism growth.
- Marcos administration highlights achievements via Presidential Communications Office while Social Weather Stations conducts a survey in the Philippines.