RAPPLER.COM - CALIXTO V. CHIKIAMCO - Lesson from history for Pres Aquino
- The Aquino administration seems CLUELESS that the strong peso is a GRAVE THREAT TO THE ECONOMY and that it is HURTING large swaths of the economy, including the retail, housing, and education sectors which are dependent of OFWs money. Instead of being PRO-ACTIVE like the governments in Japan, Switzerland, and Brazil which voice out their desire to make their respective currencies competitive and whose central banks embark on aggressive quantitative easing, the Aquino government seems to be MUTE AND BEHIND TO CURVE, allowing the BSP to make tepid responses to the strengthening peso.
- The Aquino administration seems CLUELESS that the strong peso is a GRAVE THREAT TO THE ECONOMY and that it is HURTING large swaths of the economy, including the retail, housing, and education sectors which are dependent of OFWs money. Instead of being PRO-ACTIVE like the governments in Japan, Switzerland, and Brazil which voice out their desire to make their respective currencies competitive and whose central banks embark on aggressive quantitative easing, the Aquino government seems to be MUTE AND BEHIND TO CURVE, allowing the BSP to make tepid responses to the strengthening peso.
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