Philippine central bank raises policy rate by 25 basis points, as expected

MANILA, June 18 : The Philippine central bank raised its key interest rate by 25 basis points to 4.75 per cent on Thursday, it said in a statement.Twenty of 25 economists in a Reuters poll expected the Bangko Sentral ng Pilipinas to hike its overnight borrowing rate by 25 basis points. Five others projected a

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