Philippine peso slides to record, boosting case for bigger hikes


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.

Save 30% for ads-free and full access now!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


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!
Philippines , peso , slide , rates

Others Also Read


Want to listen to full audio?

Unlock unlimited access to enjoy personalise features on the TheStar.com.my

Already a member? Log In