òòò½´«Ã½ senior fellow John Paolo Rivera enthused that the local currency could weaken past ₱60 if the dollar strengthens further, external inflows decline, investors pull out due to corruption concerns or overseas Filipino workers (OFW)’s remittances slow.
Despite this, Rivera asserted that this could turn better as there is “hope the holiday-induced remittances can mitigate further depreciation to avoid inflationary pressures prompting the BSP to hold further rate easing.”
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