Friday 20 July 2018
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30 days ago

Bangko Sentral hikes rates again amid high inflation

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) raised interest rates once again after  inflation surged to a fresh 5-year high last May. BSP Governor Nestor Espenilla Jr  said on Wednesday, June 20, that the Monetary Board decided to raise the overnight reverse repurchase (RRP) rate by 25 basis points to 3.5%. The central bank also ...

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