{"id":168832,"date":"2018-07-02T21:07:07","date_gmt":"2018-07-03T01:07:07","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=168832"},"modified":"2018-07-02T21:07:07","modified_gmt":"2018-07-03T01:07:07","slug":"peso-seen-within-target-range-this-year","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/07\/02\/peso-seen-within-target-range-this-year\/","title":{"rendered":"Peso seen within target range this year"},"content":{"rendered":"<figure id=\"attachment_45359\" aria-describedby=\"caption-attachment-45359\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/03\/pesos-money-peso-2.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-45359\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/03\/pesos-money-peso-2.jpg\" alt=\"The peso closed at 53.43 to the US dollar on Monday from previous close of 53.34. (Shuttertock photo)\" width=\"1000\" height=\"664\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/03\/pesos-money-peso-2.jpg 1000w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/03\/pesos-money-peso-2-300x199.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/03\/pesos-money-peso-2-900x598.jpg 900w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><figcaption id=\"caption-attachment-45359\" class=\"wp-caption-text\">The peso closed at 53.43 to the US dollar on Monday from previous close of 53.34. (Shuttertock photo)<\/figcaption><\/figure>\n<p><strong>MANILA<\/strong>\u00a0&#8212; The peso\u2019s depreciation against the dollar is no cause for alarm, as its average rate is expected to remain within target range for the year at 52 to 53 to the dollar, according to a ranking National Economic and Development Authority (NEDA) official.<\/p>\n<p>\u201cWe are looking at the year-to-date (average rate of) 52 something. DBCC\u2019s (Development Budget Coordination Committee) target range is up to 52 to 53. So we think for the year, it will just be around that range. I don\u2019t think this will be breached,\u201d said NEDA Undersecretary Rosemarie Edillon in an interview last week.<\/p>\n<p>The peso closed at 53.43 to the US dollar on Monday from previous close of 53.34.<\/p>\n<p>Analysts of First Metro Investment Corporation (FMIC) and the University of Asia &amp; the Pacific (UA&amp;P) have noted that a 10-percent depreciation adds only around 0.5 percent to inflation.<\/p>\n<p>The resulting additional inflation would only be 0.3 percent if the foreign exchange rate averages 6 percent higher, they said.<\/p>\n<p>Edillon said the government is undertaking measures to curb inflation.<\/p>\n<p>\u201cIf the cheap rice already comes in, that should bring down inflation. And you have more vigilant monitoring of the fresh produce (because) before, only monitored were the manufactured goods,\u201d she added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u00a0&#8212; The peso\u2019s depreciation against the dollar is no cause for alarm, as its average rate is expected to remain &hellip;<\/p>\n","protected":false},"author":33,"featured_media":45359,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[52505,11001,5972],"class_list":["post-168832","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-development-budget-coordination-committee","tag-national-economic-and-development-authority","tag-peso","mauthors-leslie-gatpolintan","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/168832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=168832"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/168832\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/45359"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=168832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=168832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=168832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}