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Philippine central bank hikes rates by 25 bps, as expected

Channel News Asia LogoChannel News Asia1w ago

Philippine central bank hikes rates by 25 bps, as expected

Quick Summary

MANILA : The Philippine central bank raised its benchmark interest rate by 25 basis points for a second consecutive policy meeting on Thursday to curb red-hot inflation.

The Bangko Sentral ng Pilipinas (BSP) lifted the overnight reverse repurchase facility rate to 2.

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Article Details

Category: Economy

Topics: Bangko Bank Sentral Agree Pilipinas Mediacorp Rate Manila Material Receive Experience

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 15:09:08

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Reading Time: 1 minutes read

Article Length: 167 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 5568

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About Channel News Asia

Main Topics: Economy

Official Website: channelnewsasia.com

Update Frequency: 23 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 2h ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #27

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