Central Banks
Philippine Finance Chief Sees Quarter-Point Rate Hike or Halt
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The Philippine central bank may increase its key rate by 25 basis points or leave it unchanged at its policy meeting on Thursday, Finance Secretary Benjamin Diokno said.
A shift in the Federal Reserve’s stance to smaller interest rate hikes allows other central banks to slow their pace of monetary tightening, Diokno, a member of the Bangko Sentral ng Pilipinas’ monetary board, said at a forum on Monday.