BSP faces ‘tremendous’ pressure to defend peso

MANILA, Philippines — Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said the central bank was ignoring the “tremendous” pressure to defend the peso, saying that present economic realities do not warrant a forceful intervention. Speaking at an event on Thursday, Remolona said the central bank was not alarmed by the prospect of the […]... Keep on reading: BSP faces ‘tremendous’ pressure to defend peso