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Philippines: ‘Jumbo rate hikes over’

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has ruled out additional huge interest rate hikes after raising key policy rates by a total of 300 basis points. In an interview with reporters on the sidelines of a forum on digital economy, BSP Governor Felipe Medalla said the US Federal Reserve is set to […]

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Reform essential to restore economic stability in Laos

Laos faces increased challenges from currency depreciation and high inflation despite signs of economic recovery in early 2022, according to the World Bank’s latest economic update for the country. The “Lao Economic Monitor for October 2022: Tackling Macroeconomic Vulnerabilities”, released on Monday, identifies ambitious reforms that can help the country restore economic stability and sustain […]

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