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Analysis by Region - Emerging Markets - Philippines
Analysis by Region - Emerging Markets - Philippines
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Analysis by Region - Emerging Markets - Philippines
Bangko Sentral ng Pilipinas hiked its policy rate off cycle in October, bringing the rate up by 25bps to 6.5%. After it paused for the fourth meeting in September, data showed a clear strength in price momentum, forcing BSP to move at a nonmonetary board meeting to prevent any second-round effects.