‘BSP won’t defend specific peso level’An individual exchanges her US dollar at an establishment for foreign exchange in Quezon City on January 15, 2026. Asked about comments from the Palace that President Marcos did not want the peso to reach the 60 to $1 level, Remolona said the BSP would stick to its long-standing approach in managing the currency. Asked directly if the BSP would allow the peso to reach 60 if market movement is not sharp, he replied: “Yes, probably. Remolona reiterated that the BSP does not target a specific exchange rate level and focuses instead on preventing excessive volatility. But it’s not the only factor.”Remolona also rejected the idea of pre-committing to just one more rate cut.

Source: Philippine Star January 24, 2026 19:42 UTC