Printer Friendly

-Philippines facing tough financial choices.

Global Banking News-March 14, 2013--Philippines facing tough financial choices(C)2013 ENPublishing -

Global Banking News - 14 March 2013

The Bangko Sentral ng Pilipinas(BSP) is facing a tough choice as it has run out of cash to fund market interventions.

The central bank has already spent large amounts to shield its currency and economy from the impact of inflow of foreign money and is now left with empty coffers.

Among the options available is letting the peso appreciate. While being the easiest option, it is also not desirable because of the advantage of easy policies and weak currencies held by major economies such as Japan and Britain, according to a Reuters report.

[Editorial queries for this story should be sent to]

((Distributed via M2 Communications -
COPYRIGHT 2013 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2013 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Global Banking News (GBN)
Date:Mar 14, 2013
Previous Article:-Bank of America hires Chamberlain from Nomura.
Next Article:-HSBC and Standard Chartered raise mortgage rates in Hong Kong.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters