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Philippines: BSP has room to hike rates further – AMRO

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) still has room to continue raising key policy rates, following last week’s off-cycle rate hike, the ASEAN+3 Macroeconomic Research Office (AMRO) said. In a briefing, AMRO chief economist Hoe Ee Khor said the BSP’s recent 75-basis-point hike, which brought the key policy rate to 3.25 percent, […]

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Can inflation impact Philippines credit rating?

FOOD and non-alcoholic beverage price increases have caused the Philippine inflation rate to jump to a three-year high of 6.1 percent last month, exceeding the government’s target for this year. According to the Philippine Statistics Authority data, the current rate is the highest it has been in more than three years, or since October 2018, when it […]

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