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Philippine central bank raises policy rate by 25 basis points, as expected

The Philippine central bank raised its key interest rate by ​25 basis points to 4.75% on Thursday, ‌it said in a statement. Twenty of 25 economists in a Reuters poll expected the Bangko Sentral ng Pilipinas ​to hike its overnight borrowing rate, opens new tab by ​25 basis points. Five others projected a ⁠50-basis-point hike to 5%. [...]