Philippine central bank monitors FX market amid disorderly conditions
Bangko Sentral ng Pilipinas said it intervenes to address disorderly FX conditions and smooth extreme volatility that could accelerate inflation. It added: "We are monitoring the FX market."
The Philippine central bank said on Wednesday it intervenes in the foreign exchange market to address disorderly market conditions and smooth extreme volatility, especially when these can accelerate inflation."We are monitoring the FX market," the Bangko Sentral ng Pilipinas said in a statement, wh…