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Philippine central bank gov: Peso decline in line with fundamentals

Kitco News

TOKYO, Sept 26 (Reuters) - The Philippine central bank has allowed a mild depreciation in the peso since the start of this year, in line with economic fundamentals, Governor Nestor Espenilla said on Tuesday.

Speaking at a seminar in Tokyo, Espenilla said he saw limited pass-through to inflation from moves in the peso and said the current account balance was manageable.

(Reporting by Stanley White)

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