Philippine Peso Sinks Past 63:$1 for First Time Amid Inflation, Rate Hike Fears
The Philippine peso dropped past 63:$1 for the first time on Thursday, driven by a stronger US dollar amid expectations of higher US interest rates. The Bangko Sentral ng Pilipinas (BSP) faces pressure to address stubborn inflation and currency volatility.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- Inflation, Corruption Top Concerns of Filipinos in Latest Poll
A recent Pulse Asia survey reveals that 71% of Filipinos consider inflation their most urgent national concern, followed by corruption at 39%. The government assures ongoing efforts to combat hunger and control prices.
- Gatchalian Flags Upcoming Power Rate Hike Amid Inflation Surge
Manila Electric Company (Meralco) announced an upcoming increase in electricity rates for October, citing elevated fuel costs. Senate President Sherwin Gatchalian expressed concern over the hike amid the ongoing inflation surge, warning of its impact on household budgets.
- Inflation, Corruption Top Concerns for Filipinos: Pulse Asia Survey
A recent Pulse Asia survey reveals that Filipinos continue to prioritize controlling inflation and eradicating government corruption. The September 2026 Ulat ng Bayan survey indicates these issues are the primary concerns for the majority of the population.
- Inflation tops Filipinos' concerns -- Pulse Asia survey
A Pulse Asia survey reveals that 71% of Filipino adults consider rising prices the most urgent issue the government must address, up from 57% in July. Dissatisfaction with the administration's inflation control efforts stands at 81%.