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    Business

    Philippine central bank raises key interest rate by 50 basis points

    Philippine central bank hikes key rate 50 bps to 5.50%, beating forecasts as inflation hits 7.2%, growth slows, and peso strengthens ahead of December policy meeting

    ReutersReuters
    1 min read
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    Eli Remolona, BSP governor (Photo: X/Bangko Sentral)

    Eli Remolona, BSP governor (Photo: X/Bangko Sentral)

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