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Another rate hike looms next month Â

The Bangko Sentral ng Pilipinas is not ruling out another rate hike in August after delivering an aggressive 75-basis-point interest rate increase on Thursday, the biggest in 20 years. In an interview with Bloomberg Television, BSP Governor Felipe Medalla said monetary authorities still have room to further raise interest rates next month depending on inflation.
Louella Desiderio Bangko Sentral Felipe Medalla Bloomberg Television Monetary Board Capital Economics

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