Indonesia, Philippines hike key rates in bid to tame inflation

Prices rising faster than central bank targets in both Southeast Asian nations

20221117 Central Bank

The central banks of Indonesia and the Philippines both raised rates on Thursday. (Source photos by Reuters) 

NANA SHIBATA, ISMI DAMAYANTI and CLIFF VENZON, Nikkei staff writers

BALI, Indonesia/MANILA -- The central banks of Indonesia and the Philippines both raised their benchmark interest rates on Thursday, as the two Southeast Asian economies seek to tame inflation.

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