(Bloomberg) -- The Philippine peso fell on the
central bank's plan to raise limits on overseas investment to
temper the currency's gains. Five-year bonds dropped.
Bangko Sentral ng Pilipinas may increase the limit on funds
invested abroad as early as the third quarter, Deputy Governor
Nestor Espenilla said in an interview on June 21. ``That will
help ease some pressure on the peso,'' said Ricky Cebrero,
treasurer at East West Banking Corp. in Manila.
Read more at Bloomberg Currencies News
central bank's plan to raise limits on overseas investment to
temper the currency's gains. Five-year bonds dropped.
Bangko Sentral ng Pilipinas may increase the limit on funds
invested abroad as early as the third quarter, Deputy Governor
Nestor Espenilla said in an interview on June 21. ``That will
help ease some pressure on the peso,'' said Ricky Cebrero,
treasurer at East West Banking Corp. in Manila.
Read more at Bloomberg Currencies News
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