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Philippine central bank governor says it is considering off-cycle rate hike

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Philippine central bank governor says it is considering off-cycle rate hike

[MANILA] The Philippine central bank could hike interest rates ahead of its scheduled policy meeting on Jun 18, its governor said on Friday (May 22). Bangko Sentral ng Pilipinas governor Eli Remolona said that the central bank's interest rate hike in April "did not seem enough", noting that policymakers face a big and persistent supply shock. "It's a toss-up whether…

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