10 of 12 Economists Expect Philippine Central Bank to Hike Rates 25bp to 4.75% on Thursday

According to a Wall Street Journal survey of economists, 10 of 12 expect the Philippine Central Bank to raise its policy rate by 25 basis points to 4.75% on Thursday. Two economists forecast a larger increase of 50 basis points. Capitalink macroeconomic analysts cited that the Philippines is among Asia's economies most affected by energy shocks, with recent inflation exceeding the central bank's target range.
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