Philippines hikes key interest rate again as inflation accelerates - Nikkei Asia

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Philippines hikes key interest rate again as inflation accelerates - Nikkei Asia

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The Federal Reserve last week hiked its benchmark interest rate by 75 basis points (0.75%) to between 1.5% and 1.75%.

Thursday's policy meeting was the last for Diokno as central bank chief.

The Philippines' central bank hiked its key rate for the second straight meeting on June 23.

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Article Details

Author / Journalist: Staff Writer

Category: InvestingFinanceAsia

Topics: Thursday Policy Points Basis Bank Inflation Increase Last Central Rate Hike

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 07:03:00

News Timezone: GMT +9:00

News Source URL:

Language: English

Reading Time: 4 minutes read

Article Length: 629 words

Coverage Area: Japan

Availability: Desktop Web, Mobile Web

News ID: 6043

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About Nikkei Asia

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Main Topics: InvestingFinanceAsia

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Update Frequency: 32 posts per day

Year Established: 1876

Headquarters: Japan

News Last Updated: 9h ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +9:00

News Language: English

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Publisher ID: #19

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