- Philippine central bank expects the peso to stay within the 55-58 per dollar assumptions by the interagency Development Budget Coordination Committee.
- “The peso could weaken but remain within the DBCC’s assumptions of 55.00- 58.00/US$1 for 2024 and 2025,” Bangko Sentral ng Pilipinas says in its monetary policy report for May
- “The baseline forecasts are consistent with market expectations of a 50-basis-point reduction in the US Fed funds rate each in 2024 and 2025,” BSP also says