MANILA/JAKARTA -- The Philippines' central bank on Thursday lifted its key interest rate by 50 basis points after inflation hit a fresh 14-year high, while Indonesia kept its benchmark unchanged for the first time in half a year.
Economy
Philippines raises key interest rate to 6%, Indonesia holds steady
Manila's hike of 50 basis points follows fastest price rises in 14 years
Onions are displayed at a public market in Manila in January, when inflation hit a 14-year high of 8.7%. © Reuters
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