Philippine Central Bank Says Ready for More Rate Hikes
The Philippine central bank is prepared to raise interest rates as many times as necessary to counter the spillover effects of the oil price shock. Governor Eli Remolona spoke exclusively...
By Bloomberg Markets · Bloomberg Markets
The Philippine central bank is prepared to raise interest rates as many times as necessary to counter the spillover effects of the oil price shock. Governor Eli Remolona spoke exclusively to Bloomberg's The China Show after policymakers raised the benchmark interest rate, with the Iran war likely to spur inflation beyond the official target. (Source: Bloomberg)