Philippine Central Bank Chief Is Comfortable With Peso Rally
- Central bank hasn’t intervened in FX market lately: Remolona
- Remolona expects revamped repos, swaps traded by year-end
Eli Remolona
Photographer: Lisa Marie David/BloombergThis article is for subscribers only.
The Philippine central bank is comfortable with the peso’s recent rally as the gains are not as outsized as those seen in most Asian peers, Governor Eli Remolona said. The peso rose.
“We’re in the middle compared to our peers,” Remolona said in an interview Thursday. Bangko Sentral ng Pilipinas has not intervened in the foreign-exchange market lately to curb the peso’s appreciation, he said. The peso touched 55.45 in September, the strongest since March.