BSP raises policy rate, as expected

MANILA — The Philippine central bank raised its key interest rate PHCBIR=ECI by 25 basis points to 5% on Thursday, in line with market expectations for a third consecutive tightening of policy. Twenty-five of 29 economists in a Reuters poll had expected the move. Four others had projected the central bank to keep the rate unchanged at 4.75%. The central bank […]

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