Philippine Central Bank Governor Signals Another Interest Rate Hike

Philippine Central Bank Governor Signals Another Interest Rate Hike

15 Jul    Finance News

Philippine central bank Governor Felipe Medalla discusses monetary policy, the economy and the local currency. Bangko Sentral ng Pilipinas unexpectedly raised borrowing costs by 75 basis points to 3.25% on Thursday. The Philippine peso is down more than 9% this year and adds to inflation in a country that imports goods from fuel to rice. Medalla speaks with David Ingles on “Bloomberg Markets: China Open.”

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