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Philippine central bank governor says it is considering off-cycle rate hike

The Philippine central bank could hike interest rates ahead of its scheduled ​policy meeting on June 18, its governor said on ‌Friday. Bangko Sentral ng Pilipinas Governor Eli Remolona said in an interview with One News that the central bank's interest rate hike in April "didn't seem enough", noting ​that policymakers face a big and persistent supply shock. [....]