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Philippines Holds Key Rate at 17-Year High as Price Risks Linger.
In: Bloomberg.com, 2024-05-16, S. N.PAG
Online
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Zugriff:
The Philippine central bank has decided to maintain its benchmark interest rate at 6.50%, the highest in 17 years, in order to stabilize the peso and control inflation. This decision was in line with the expectations of all 26 economists surveyed by Bloomberg. The country has experienced a recent increase in prices, driven by limited farm output due to dry weather conditions, and concerns have been raised about the inflation outlook. While the Philippine economy has shown growth in the first quarter, there are signs of strain, particularly in consumption, which has been slow to recover post-pandemic. [Extracted from the article]
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Philippines Holds Key Rate at 17-Year High as Price Risks Linger.
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Autor/in / Beteiligte Person: | Lopez, Ditas ; Calonzo, Andreo |
Zeitschrift: | Bloomberg.com, 2024-05-16, S. N.PAG |
Veröffentlichung: | 2024 |
Medientyp: | serialPeriodical |
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