Bangko Sentral ng Pilipinas may consider raising interest rates if the peso continues to weaken further against the US dollar, DBS Bank of Singapore said Thursday. DBS said it was interesting to see if the Bangko Sentral would maintain its stance going into 2018. The regulator has been holding rates steady throughout this year amid a rather soft inflation patch, especially in the mid-year. Bangko Sentral ng Pilipinas Deputy Governor Diwa Guinigundo said there was fundamental demand for US dollar for imports, outward investments and debt servicing. “This is not the first time that we are hitting these lows in the peso dollar rate.

Source: The Standard October 26, 2017 11:37 UTC