Philippine policymakers reassure investors on peso, Marawi impact

Tokyo

PHILIPPINE policymakers brushed aside concerns about a falling peso and fighting against Islamic State-linked rebels on Tuesday as they courted foreign investment for the government's ambitious infrastructure programme.

A decline in the Philippine peso is in line with economic fundamentals and will support growth by encouraging more investment in infrastructure, central bank governor Nestor Espenilla said.

Speaking at a seminar in Tokyo, Mr Espenilla said he saw limited pass-through to inflat…