Joselito Malig

Article (news)

Harlene Delgado

ABS-CBN News

MANILA - Malacanang said Thursday that President Ferdinand Marcos Jr. does not want the Philippine Peso and US dollar exchange rate to reach P60 citing its unfavorable impact to the country’s economy.Palace Press Officer Claire Castro said this when asked what it would take for the Bangko Sentral ng Pilipinas to intervene with the weakening of peso against the US dollar.“Ayaw po sana, ayaw po ng Pangulo na umabot pa ito sa 60 pesos na palitan. So, abangan na lang po natin kung ano po muli ang mapag-uusapan at kung ano ang gagawin ng BSP patungkol po rito,” Castro said in a Palace press briefing Thursday, January 22.  <div><a href="https://www.abs-cbn.com/news/business/2026/1/15/peso-falls-to-new-low-of-p59-46-to-us-dollar-1114">Peso falls to new low of P59.46 to US dollar </a> </div>Marcos Jr. met with Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. in Malacañang on January 21 to discuss about the Central Bank&#x27;s recent policy action to reduce interest rates and the country&#x27;s economic outlook.The peso closed at P59.160:$1 on Thursday from a previous close of P59.261.Should the exchange rate breach the P60 threshold, Castro said this will lead to the swelling of the country’s debt.“Kapag tumaas po kasi ng 60 pesos, bumaba iyong value ng peso definitely mag-i-increase iyong debt natin because iyong palitan po ay tataas po iyon,” she noted.  The Palace official attributed the peso slump versus US dollar to various global factors, noting that the BSP is focused on preventing peso’s further depreciation. “Sa usapin ng pamilihang pinansiyal, ang paghina ng piso ay dulot ng kakulangan sa balanse ng kalakalan at pananalapi. Hindi lamang ito nararanasan ng Pilipinas sapagkat maging ang ibang bansa sa Asia ay may katulad na kalagayan – nakakaranas din ng paghina ng kanilang mga pera noong 2025,” she said.“Ipinakikita rin nito ang pangkalahatang pag-igting ng US dollar at ang inaasahang pagkaantala sa pagbaba ng interest rates ng US Federal Reserve. So, mas nakatuon po ang BSP sa pagpigil sa labis na paggalaw ng halaga ng piso kaysa sa pagtatakda ng tiyak na antas ng palitan,” she noted.  <div><a href="https://www.abs-cbn.com/news/business/2026/1/7/philippine-peso-weakens-to-new-historic-low-of-p59-355-to-dollar-1713">Philippine peso weakens to new historic low of P59.355 to dollar</a></div>Castro maintains that country’s headline inflation remains &quot;controlled&quot; and expected within the 2026 and 2027’s target range.  “Ang produksiyon ay naapektuhan ng mahinang kumpiyansa ng merkado ngunit inaasahan ang unti-unting pagbuti ng ekonomiya simula sa second quarter ng 2026 hanggang 2027,” she said.“Gayunman, nananatiling mas mabigat ang mga hamon sa paglago lalo na kung mas mabagal ang pagbabalik ng tiwala ng mga namumuhunan at consumers,” Castro added. <div> </div>

Malacanang said Thursday that President Ferdinand Marcos Jr. does not want the Philippine Peso and US dollar exchange rate to reach P60 citing its unfavorable impact to the country’s economy.

Malacanang said Thursday that President Ferdinand Marcos Jr. does not want the Philippine Peso and US dollar exchange rate to reach P60 citing its unfavorable impact to the country’s economy.

Marcos does not want peso-dollar exchange rate to breach P60

News

Entertainment

Lifestyle

Sports

Metro.Style

More

Sudoku

Word of the Day

Lotto

Horoscope

Business

Marcos does not want peso-dollar exchange rate to breach P60

Harlene Delgado,

ABS-CBN News

Published January 22, 2026 11:01 PM PHT

|

Updated January 23, 2026 12:40 PM PHT

Read More:

Ferdinand Marcos Jr.

Palace

US dollar exchange

ABS-CBN is the leading media and entertainment company in the Philippines, offering quality content across TV, radio, digital, and film. Committed to public service and promoting Filipino values, ABS-CBN continues to inspire and connect audiences worldwide.

Corporate

Investors

Governance

International Distribution

Corporate

Governance

Investors

International Distribution

NPC Seal of Registration

Privacy Policy

AI Policy

Terms of Service

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.