MANILA -- The Philippine central bank on Thursday dialed back the pace of key rate increases to 25 basis points, as policymakers continue to combat inflation amid uncertainties in the global banking sector.
Economy
Philippine central bank slows rate hike to 25 basis points
Move comes amid stubbornly high inflation, global banking uncertainties
The Philippine central bank has yet to hit its target inflation range of 2% to 4%. © Reuters
Read Next
Latest on Economy
