![BSP’s less_0517](https://firstmetro.com.ph/wp-content/uploads/2024/05/BSPs-less_0517.jpg)
- The Philippine central bank’s “less hawkish” stance has not affected the peso, Governor Eli Remolona says.
- Bangko Sentral ng Pilipinas has intervened in “small” amounts in the foreign exchange market recently, BSP chief says in an interview with Bloomberg TV’s Stephen Engle and Yvonne Man
- “It’s been a broadly strong dollar for the past several weeks, we don’t feel obliged to intervene but we want to keep the market orderly,” he says
- If there’s stress or large movements on peso, central bank might come in to FX market, Remolona adds
- Central bank comfortable with Philippine foreign reserves level, he adds