メルバ先生 英文記事紹介 No.103
For more than three months, Philippine peso has dropped over 0.6 percent as the Federal Reserves interest rates increases. U.S borrowing has increases as the inflation rates increases. A dollar will costs 44.110 pesos and that was the biggest loss since March 20 and pared the currency’s gain this year to 0.6 percent. Bangko Sentral ng Pilipinas (BSP) said they will probably raise forecast on the consumer -price gains this year even amidst inflation. Policy makers are aiming to set the average rate within a 3 percent to 5 percent range in 2014, and within 2 percent to 4 percent in 2015.
There are a lot of overseas Filipino workers around the world today and it has been an attitude for them to really support their families left in the country. Their remittance is one of the surviving factor that every family needs. When a dollar drops its value to the Philippine peso, families got sad because of less amount in peso they could get but when it increases they are much happy.That is somewhat positive to the people but to the economy it could lessen the imported goods because of much higher payment needed. Borrowing interest rates would also be much higher as a result.