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Philippine peso fell through 62 per USD to a record low on Friday; central bank reiterated it will intervene to counter disorderly conditions and extreme volatility, though the central bank governor stated policymakers will not defend a specific exchange rate level.

The Philippines' central bank recorded a balance-of-payments deficit of $1.5 billion in July 2026.

The Philippine peso fell to a record low against the USD, pressured by rising oil prices, with Brent crude up over 5% in four days; BNY Mellon strategist says the central bank may lean toward raising rates again to defend the peso, while FX reserves have fallen nearly 7% this year to $103 billion.

Philippines central bank governor signals readiness to adopt more measured approach to inflation control if economic growth continues to slow.

Philippines central bank governor states need for clearer growth and inflation trends before considering monetary easing.