The Philippine central bank has rebuffed a campaign by the country's exporters to persuade the central bank to intervene to keep the peso weak against the dollar.

菲律宾央行回绝了国内出口商的请求，后者欲说服央行出手干预以保持比索兑美元汇率的弱势。

youdao

The BoK also kept its benchmark interest rate unchanged at a record-low 2% whilst the Philippine central bank cut its benchmark rate by 25bps to 4%, the sixth cut in seven months.

韩国央行还将基准利率维持在纪录低点2%，而菲律宾央行下调基准利率25个基点到4%，这是七个月来第六次下调基准利率。

youdao

Analysts already hint that this will further complicate matters for the Philippine central bank.

WSJ: Review & Outlook: Manila Makes the Upgrade

The Philippine central bank proceeded to impose a 20% ceiling on banks' lending to the real estate sector -- a modest level by Asian standards.

FORBES: The Ronald Reagan of the Pacific

Philippine Central Bank Governor Gabriel Singson, a key promoter of an Asian BIS, says that the idea needs to be discussed further in light of the economic crisis.

CNN: In Search of a Tougher Cop