Philippine Central Bank Raises Rates By 25 Bps

The Philippine central bank hiked its key interest rates again by 25 basis points, as widely expected, and signaled further tightening as inflation is set to remain above the target in the near-term. The Monetary Board the Bangko Sentral Ng Pilipinas decided to raise the key interest rate, which is the overnight reverse repurchase facility rate, by 25 basis points to 2.50 percent, effective Jun