56:$1 LEVEL AGAIN Here's the foreign exchange rate for the Philippine peso as of May 16. CDNDigital READ:
The local currency traded at as weak as 56.09 against the US dollar before ending the day at its weakest in almost a month or since closing at 56.21:$1 last April 19.Michael Ricafort, chief economist at the Rizal Commercial Banking Corp., said the peso weakened in the wake of strong signals about a possible pause in the policy rates of the Bangko Sentral ng Pilipinas.
Ricafort said the depreciation happened also amid recent signals on a possible reduction in BS policy rates as early as August if inflation continues to ease.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Manila LGU presents official candidates of Miss Manila 2023The local government of the City of Manila presented the 22 official candidates for Miss Manila 2023 during the sashing ceremony at Bulwagang Rodriguez, City Hall of Manila on Monday, May 15. | ManilaBulletin
Read more »
Coast Guard installs buoys in parts of West Philippine SeaTo strengthen the country’s maritime stakes in the West Philippine Sea following persistent Chinese incursions, the Philippine Coast Guardhas installed additional navigational buoys within its exclusive economic zone. | FMangosingINQ /PDI
Read more »
Centro Launches Low-Cost Econovan Truck Body | CarGuide.PH | Philippine Car News, Car Reviews, Car Prices
Read more »
Award-Winning XL750 Transalp Lands At Philippine Honda Big Bike Dealerships | CarGuide.PH | Philippine Car News, Car Reviews, Car Prices
Read more »
Lalamove PH Welcomes New Managing Director | CarGuide.PH | Philippine Car News, Car Reviews, Car Prices
Read more »
Good news, Pinoy horror fans: 'True Philippine Ghost Stories' marks comeback with call for entriesCult classic horror book series True Philippine Ghost Stories is staging a comeback after over a decade. | via philstarlife
Read more »