Philippine Central Bank Lifts Rate By 50 Bps

The Philippine central bank tightened its policy again with a 50 basis point hike, citing further uptick in headline inflation and pent-up demand. The Monetary Board of the Bangko Sentral ng Pilipinas decided to raise the benchmark overnight reverse repurchase facility rate by 50 basis points to 5.50 percent.

from RTT - Top Story https://ift.tt/39YBl2T
via IFTTT