MANILA -- The Philippine central bank on Thursday raised its key interest rate by half a percentage point in a bid to tame stubbornly high inflation.
Economy
Philippines hikes rates by half point to tame 'rampant' inflation
Central bank chief signals further tightening will be at moderate pace
The Philippine central bank in Manila: Monetary authorities in the country are raising interest rates as they battle surging inflation and a sagging currency. (Photo by Ken Kobayashi)
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