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  • Philippines
    Wednesday Jul 2, 1997
    1997 Asian financial crisis

    Crisis is triggered

    Philippines
    Wednesday Jul 2, 1997

    Thailand triggered the crisis on 2 July and on 3 July, the Bangko Sentral intervened to defend the peso, raising the overnight rate from 15% to 32% at the onset of the Asian crisis in mid-July 1997.




  • Philippines
    Wednesday Jul 2, 1997
    1997 Asian financial crisis

    Crisis is triggered

    Philippines
    Wednesday Jul 2, 1997

    Thailand triggered the crisis on 2 July and on 3 July, the Bangko Sentral intervened to defend the peso, raising the overnight rate from 15% to 32% at the onset of the Asian crisis in mid-July 1997.




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