Foreign currency remained in short supply in the formal market at the prevailing official exchange rate, and a parallel exchange market emerged. Following the recent move to a floating regime ...

In doing so, the floating exchange rate helps to maintain a balance between total supply and demand in the economy and that helps keep inflation under control. This process also works in reverse. The ...

MAINTAINING low inflation and a floating exchange rate ... the BSP added. Even if exchange rates are used as a policy tool to boost trade, addressing supply side factors that limit domestic ...