BSP may step in to stem price risks as peso tests fresh lows

THE BANGKO Sentral ng Pilipinas (BSP) is likely to intervene in the foreign exchange market to smoothen sharp swings that may add to inflation risks as the peso remains under pressure. Reyes Tacandong & Co. Senior Adviser Jonathan L. Ravelas said the BSP’s presence in the market will likely be focused on maintaining price stability […]