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Philippine Central Bank Hikes Rates Amidst Oil Price Surge
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Overview
API
The Philippine central bank raises its target rate by 25 basis points to 6.5% in response to global oil prices rising due to the Middle East conflict. BPI Wealth sees gains in Philippine bonds due to expectations of interest rate lowering. The Philippine peso approaches the 57 per dollar level, raising concerns about foreign exchange defense.
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How might the rate hike by the Philippine central bank impact the country's economy and inflation?
What factors could influence the outcome of the expected interest rate lowering?
What measures might the central bank consider to stabilize the peso amidst the ongoing concerns about foreign exchange defense?
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