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Story summary
- The Philippine peso fell to a record low of P62.625 per US dollar on September 8.
- Energy Secretary Sharon Garin said depreciation added 68 centavos to fuel prices.
- Inflation hit 6.1 percent in August, above Bangko Sentral ng Pilipinas (BSP)’s 2-4 percent range.
- The trade deficit widened 29 percent to US$37 billion in months of 2026, cutting reserves to US$103 billion.
- BSP Governor Eli Remolona said the bank will smooth swings but will not defend a rate.
