MANILA -- The Philippine central bank on Thursday raised its key interest rate by 75 basis points to 3.25%, in a surprise off-cycle move that came a day after U.S. inflation data raised expectations of more aggressive Federal Reserve tightening.
Economy
Philippines lifts rates 75 basis points in unscheduled move
New governor seeks 'to help manage spillovers from other countries'
A logo of the Bangko Sentral ng Pilipinas is seen at its main building in Manila. (Photo by Ken Kobayashi)
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