Bloomberg News

Philippines’ Guinigundo Says FX Volatility Remain a Concern

October 27, 2011

Oct. 27 (Bloomberg) -- Philippine foreign-exchange volatility remains a concern for the central bank, Deputy Governor Diwa Guinigundo said in a speech in Manila today.

Bangko Sentral ng Pilipinas has intervened in the foreign- exchange market to ensure orderly trading and reduce volatility, he said.

With assistance from Clarissa Batino in Manila.

To contact the reporter on this story: Norman P. Aquino in Manila at naquino1@bloomberg.net

To contact the editor responsible for this story: Karl Lester M. Yap at kyap5@bloomberg.net


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