Philippine central bank Governor Eli Remolona stated that the peso at 63.50 per dollar might be acceptable, provided the slide remains orderly and avoids stoking inflation. His comments address growing market attention on the currency's recent weakness.

This threshold suggests authorities are monitoring depreciation but may tolerate a gradual adjustment. A rapid fall often pressures import costs, particularly for energy and food, feeding into broader price increases. The central bank's stance balances external vulnerabilities with domestic price stability.

Remolona's remark implies a degree of flexibility, signaling that the Bangko Sentral prioritizes managing the pace of change over defending a specific level. This approach aims to prevent panic while guarding against second-round inflation effects. Markets will watch for policy signals if volatility accelerates.