Manila, Dec. 15 -- Malacanang on Monday said the country's economic managers and the Bangko Sentral ng Pilipinas (BSP) discussed a wide range of measures to address economic challenges, including a weak Philippine peso, in a meeting last week.

Palace Press Officer Claire Castro said the BSP reiterated that the exchange rate remains market-determined, while the country continues to maintain strong foreign exchange buffers.

"The Bangko Sentral ng Pilipinas allows the exchange rate to be determined by market forces. We continue to maintain robust reserves," Castro said in a Palace press briefing.

"At kung ano po ang kanilang mga hakbang, ito po at ating iisa-isahin. Iha-highlight lang po namin: (And as for the steps they will take, we wil...