- The Bangko Sentral ng Pilipinas governs the financial infrastructure of the Philippines while regional conflict impacts economic stability and OFW remittances from Riyadh.
- BSP manages monetary policy amidst Middle East supply shocks, while Arsenio Balisacan advises on Philippine long-term growth strategy.
Peso depreciation is driven by US Treasury yields and strong dollar, while the BSP manages policy and Balisacan analyzes the drivers.
1 report, 1 independent
Updated Sep 1
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What happened
Peso depreciation is driven by US Treasury yields and strong dollar, while the BSP manages policy and Balisacan analyzes the drivers.
Who's involved
What this event is mainly aboutKeep exploring
Part of
BSP manages monetary policy amidst Middle East supply shocks, while Arsenio Balisacan advises on Philippine long-term growth strategy.Also in this story
- Policy rate impacts overall economic stability. Exchange rate against the US dollar affects investment. A consultancy advises on market trends in the country.
- Tensions in the Strait of Hormuz due to the Iran conflict are adding to global economic shocks.
- BSP signals monetary relief while the Philippine peso weakens amid Middle East developments stemming from US-Iran talks.
The entities involved
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Philippines
archipelagic country in Southeast Asia
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Bangko Sentral ng Pilipinas
central bank of the Philippines
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Arsenio Balisacan
Filipino economist, academic, and government official
Nothing else this week.
Related events
- BSP monitors peso volatility and inflation risks as global dollar strength drives peso weakness.
- The Bangko Sentral ng Pilipinas manages monetary policy, with policy hikes impacting the peso against the USD.
- Geopolitical instability affects oil prices and remittance flows, leading to discussions on free trade agreements and infrastructure spending.
- BSP manages policy to stabilize the Philippine economy amidst external pressures.
- Current account deficit impacts the peso in the Philippines.