The Philippine central bank said that if the peso exchange rate continues to fall, it will intervene with greater force.

The Governor of the Central Bank of the Philippines, Eli Remolona, stated that if the peso continues to depreciate, they will intervene more aggressively in the foreign exchange market, as a weakening exchange rate could have an impact on inflation. A moderate depreciation of the peso will not affect the inflation environment. If safe-haven demand driven by global tensions strengthens the US dollar, intervening to support the peso would be futile. "We do not have enough reserves to do so," Remolona said.