Philippine Central Bank Says Ready for More Rate Hikes
•The Philippine central bank is prepared to raise interest rates as many times as necessary to counter the spillover effects of the oil price shock.
•Governor Eli Remolona spoke exclusively to Bloomberg's The China Show after policymakers raised the benchmark interest rate, with the Iran war likely to spur inflation beyond the official target.
هذا الخبر من Bloomberg. خبر يقدم أدوات ذكاء اصطناعي للتلخيص والترجمة والاستماع.
The Philippine central bank is prepared to raise interest rates as many times as necessary to counter the spillover effects of the oil price shock. Governor Eli Remolona spoke exclusively to Bloomberg's The China Show after policymakers raised the benchmark interest rate, with the Iran war likely to spur inflation beyond the official target. (Source: Bloomberg)المصدر: Bloomberg | Source: Bloomberg
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This article was originally published by Bloomberg. Khabr is a licensed Jordanian AI-powered news platform (Registration #82086). We add editorial value through: AI-powered news analysis, automated summaries, AI audio narration, multi-language translation (Arabic, English, French, Turkish), and AI fact-checking. Our mission is to make news more accessible and understandable for Arabic-speaking audiences worldwide.
