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Peso inches lower vs the dollar on PSEi’s drop, central bank meeting - BusinessWorld Online

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The local unit closed at P52.35 per dollar, slipping by 1.5 centavos from its P52.335 finish on Friday, based on data from the Bankers Association of the Philippines. READ:

nish on Friday, based on data from the Bankers Association of the Philippines.

The BSP’s policy-setting Monetary Board is expected to keep benchmark interest rates steady at its March 24 meeting as it supports economic recovery, 15 out of 17 analysts polled byGlobal oil prices have been surging after the Feb. 24 Russian invasion of Ukraine, further raising inflation concerns here and abroad.

The benchmark Philippine Stock Exchange index fell by 51.03 points or 0.72% to close at 6,956.60 on Monday, while the broader all shares went down by 20.41 points or 0.54% to 3,697.63.

 

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