The mouth speaks, the peso sinks - BusinessWorld Online

The mouth speaks, the peso sinks - BusinessWorld Online

It seems the peso is no longer sinking merely because of market forces but also because of what some public policy and officials say. Indeed, it is no less than the open-mouth operations of many in government that continue to drive the peso down. The other day, every major broadsheet bannered the Philippine currency’s latest fall: “slump” (BusinessWorld), “record low” (Philippine Star, Inquirer, Manila Times), “historic low” (Manila Bulletin), a…