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Philippines: Rates to rise by another 75 bps

As inflation continues to accelerate   MANILA, Philippines — Economists are expecting the central bank to deliver another huge 75-basis-point hike on Thursday, as pre-announced by Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla. Security Bank chief economist Robert Dan Roces said the aggressive rate hike is justified as inflation accelerated to a 14-year high […]

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Philippines: Debt payments cut by 7.7% in 9 months

MANILA, Philippines — The government paid less debts during the nine-month period of the year largely due to a decline in principal amortization. Data from the Bureau of the Treasury showed the government slashed its debt payments by 7.67 percent to P889.85 billion in January to September from P963.78 billion in the same period last […]

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