Manila Bulletin - Business

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Business

Manila Bulletin

BSP lifts interest rates anew as inflation pressures broaden

Citing sustained price pressures, the Bangko Sentral ng Pilipinas (BSP) raised its key borrowing rate by 25 basis points to 4.75 percent from 4.5 percent, marking the monetary authority 's second consecutive benchmark hike. This hawkish move signals that despite a slight dip in recent headline...
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