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Philippine Central Bank Signals Series of Modest Rate Hikes

Philippine Central Bank Signals Series of Modest Rate Hikes

The Philippine central bank plans a series of modest interest rate hikes to combat inflation driven by the global oil shock, according to Governor Eli Remolona. The moves aim to stabilize prices amid ongoing economic pressures, with no specific amounts or dates provided. The policy signals a cautious approach to managing inflation without significantly hindering economic growth.

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