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Nomura raises Philippine inflation forecast

MANILA, Philippines — Japanese investment bank Nomura expects the Philippines’ terminal rate hitting 6.75 percent, as stubbornly high inflation would prompt the Bangko Sentral ng Pilipinas (BSP) to deliver more interest rate increases. Nomura chief ASEAN economist Euben Paracuelles and analyst Rangga Cipta said the bank has raised its inflation forecast for the Philippines to […]

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