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Another rate hike won’t derail economy, says BSP chief
MANILA – The Philippine economy remains capable of withstanding another increase in interest rates if needed, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said. Asked whether the economy could still handle further monetary policy tightening, Remolona replied: “Kayang-kaya pa (It still can).” The BSP’s Monetary Board last month raised its key policy rates…




