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Philippine Central Bank Lifts Rate By 50 Bps To Tackle Inflation

The Philippine central bank lifted its key interest rates by 50 basis points, the biggest hike in a decade, to tackle surging inflation despite slowing growth.The Monetary Board of the Bangko Sentral ng Pilipinas, on Thursday, raised the overnight reverse repurchase rate by 50 basis points to 4.00 percent from 3.50 percent.
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