Reported about 16 hours ago
The Philippine peso is nearing an all-time low as the central bank plans to further cut interest rates due to slowing economic growth, with predictions it could breach the 60-per-dollar mark by midyear. The peso has already fallen 2.4% since cuts began, impacted by a strong US dollar and ongoing uncertainties regarding US trade policies, particularly under Donald Trump's presidency. Experts suggest that continued rate cuts may intensify the currency's decline, amid concerns over economic performance and investment outflows.
Source: YAHOO