Philippine Central Bank Surprises Markets With Bigger-Than-Expected Rate Hike
Bangko Sentral ng Pilipinas raised its benchmark interest rate more than expected, seeking to keep inflation in check amid an energy crisis and looming weather-driven shocks.
By Amanda Lee and Fabiana Negrin OchoaThe Philippine central bank surprised markets with a bigger-than-expected interest rate hike as it seeks to keep inflation in check during one of the worst energy crisis in decades and looming weather-driven shocks.Bangko Sentral ng Pilipinas raised its benchma…