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Philippine Central Bank's Policy Rate
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Overview
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The Philippine central bank maintains its policy rate at 6.5% while expressing a hawkish tone due to ongoing inflation concerns. Despite lowering inflation forecasts, the central bank is prepared to resume policy tightening if necessary. The central bank's decision to keep rates unchanged is driven by moderated inflation outlook, stronger peso, and lower global oil prices.
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How could the expected pause in local policy rates affect the Philippine currency and global oil prices?
How might the central bank's hawkish tone impact the Philippine economy in the long term?
What are the potential implications of the moderated inflation outlook on the country's monetary policy decisions?
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