Friday, September 07, 2018

On the Peso depreciation

Lousy Dutertenomics. The previous day, the 6.4% August inflation rate report; yesterday the PSE was back to double digit negative, -10.8% ytd. Early today, the PH Peso/US$ is almost 54. Meanwhile, lousy Du30 politics focus on jailing its vocal critics. Mga bueng.

BPI's Chief Economist Jun Neri commented that Rupee, Rupiah and CNY are in the same boat as PHPeso, data as of end August 2018.

Mid-2016 or days before Duterte was officially inaugurated as President, the PH Peso was generally on the same level as its neighbors' currencies. After 2+ years...

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