Page content
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%. [...]