BSP sees room to intervene in forex market — deputy gov

Bangko Sentral ng Pilipinas headquarters in Manila. The central bank’s first quarter Consumer Expectations Survey (CES) for 2018 showed an index of 1.7 percent, down from the previous quarter’s 9.5 percent and year-ago’s 8.7 percent. (Reuters file photo)

 The Philippine central bank could intervene in the foreign exchange market to prevent a repeat of what happened last year when the peso slumped close the 60 per U.S. dollar level, a senior official said on Tuesday.

Bangko Sentral ng Pilipinas deputy governor Francisco Dakila, speaking during a panel discussion ahead of ASEAN Finance Ministers and Central Bank Governors meeting in Indonesia, said “there is room to have intervention in the forex market”.

—Reporting by Karen Lema; Editing by Martin Petty

Show comments