Key facts
- President Ferdinand Marcos Jr. believes the Bangko Sentral ng Pilipinas will intervene to strengthen the peso.
- The central bank's core functions include ensuring monetary and financial stability, as well as efficient payment systems.
Philippine President Ferdinand Marcos Jr. has expressed confidence that the nation's central bank, the Bangko Sentral ng Pilipinas (BSP), will take measures to address the weakening peso. The BSP's official mandate includes promoting and maintaining monetary and financial stability, along with efficient payment and settlement systems. The president's statement suggests an expectation of intervention or policy adjustments by the central bank to support the currency.