bottom? Is the BSP holding steady?... These are important concerns, of course, because where the peso is and where interest rates are, feed directly and quite concretely into the everyday lives of Filipinos.
But, I don’t have to speak about directionals tonight… Everyday you come across some quote from me on these financial prices… So I am certain you already know the stance of the BSP… One, that, the exchange rate will remain market-determined… although, Folks, be very aware that the BSP is watching how you conduct yourselves in the market… Two, that the policy interest rates will always primarily be dictated by the inflation outlook…but balanced off against concerns on excesses in other segments in the market such as real assets and capital flows.