BSP has room to shift to less defensive FX policy — HSBC
THE BANGKO SENTRAL ng Pilipinas (BSP) has space to allow the peso to depreciate and provide much-needed support to exports and investment flows. “A more competitive peso benefits both exports and foreign direct investment,” HSBC economist for ASEAN Aris D. Dacanay and Global FX Strategist Lenny Jin said. “Hence, there is room for the BSP […]
THE BANGKO SENTRAL ng Pilipinas (BSP) has space to allow the peso to depreciate and provide much-needed support to exports and investment flows. “A more competitive peso benefits both exports and foreign direct investment,” HSBC economist for ASEAN Aris D. Dacanay and Global FX Strategist Lenny Jin said. “Hence, there is room for the BSP […]
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