11.   The central bank has been tightening domestic liquidity, instead of increasing its borrowing rates, in an effort to prevent speculative attacks on the peso.

12.   The introduction of credit freeze on non-productive sectors imposed by Bank Negara will certainly tighten liquidity in the market.

13.   The weaker peso has caused the central bank to tighten domestic liquidity, which has forced banks to raise lending rates.

14.   The weaker peso prompted the central bank to tighten domestic liquidity to reduce the amount of money available for further speculation on the peso.

15.   TheBSP had earlier tightened liquidity to defend the peso.