MANILA — The Philippine central bank could intervene in the foreign exchange market to prevent a repeat of what happened last year when the peso slumped close the 60 per U.S. dollar level, a senior official said on Tuesday.
Bangko Sentral ng Pilipinas deputy governor Francisco Dakila, speaking during a panel discussion ahead of ASEAN Finance Ministers and Central Bank Governors meeting in Indonesia, said “there is room to have intervention in the forex market”.
—Reporting by Karen Lema; Editing by Martin Petty
