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Peso not in freefall: Philippine central banker

He tries to soothe frayed forex nerves after the currency hits 11-year low

"It is natural for the peso to show volatility as it adjusts to market conditions and all the "short-term uncertainties" such as heightened geopolitical tension." - Bangko Sentral ng Pilipinas governor Nestor Espenilla.


THE Philippine central bank on Sunday sought to soothe frayed nerves in the foreign exchange market after the peso hit an 11-year low, saying it was not in a freefall and assuring it would be on guard against excessive volatility.

"Let's calm down," Bangko Sentral ng...

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