MANILA (Bloomberg): The Philippine peso tumbled to a record, boosting pressure on the central bank to raise interest rates more aggressively to stem the slide.
The currency on Friday (Sept 2) weakened beyond its previous all-time low set in 2004 after surging imports widened the trade deficit to an all-time high in June.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
