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Philippine central bank delivers larger-than-expected 50 bps hike to combat inflation
MANILA, Oct 22 : The Philippine central bank raised its key policy rate by a larger-than-expected 50 basis points (bps) to 5.5 per cent on Thursday, calling it a “decisive” move to combat price pressures while saying it was ready to tighten policy more to cool inflation.”The Monetary Board recognized the need
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