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Philippine Central Bank's Interest Rate Stance
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Overview
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Philippine central bank to maintain its key interest rate at 6.50% for a second time, foreseeing rate cuts in the third quarter of 2024, in line with the Federal Reserve's approach. The central bank's hawkish stance is expected to continue until there is evidence of a sustained downturn in inflation.
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How might the central bank's decision to maintain interest rates impact the Philippine economy and its currency?
In what ways could the central bank's approach to managing interest rates reflect broader economic trends in the region?
What factors could influence the central bank's decision to keep rates unchanged, and how might these factors affect the country's inflation rate?
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