Tuesday 22 January 2019
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inquirer - 7 month ago

Fed hike to weigh on BSP policy as peso slips to P53.27

The decision of the US Federal Reserve to raise interest rates in the world s largest economy will weigh on the Bangko Sentral ng Pilipinas own the upcoming discussions on whether it will further tighten monetary policy to combat stubbornly high local inflation. In a text message, BSP Governor Nestor Espenilla Jr. said last night s move by the US central bank to hike its key Fed funds rate by 25 basis points --- which historically has the tendency to weaken the peso by inducing invest

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