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Philippines May Resume Cutting Key Rate, Central Bank Chief Says

  • Higher prices, Mideast tensions won’t alter bank’s easing plan
  • Governor Diokno notes 100 bps of 2018 hikes yet to be undone
Benjamin Diokno
Benjamin DioknoPhotographer: Paul Miller/Bloomberg

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The Philippines may cut its key interest rate in the first quarter of the year, with a pickup in December inflation and heightened Middle East tensions unlikely to derail the central bank’s plan to unwind past aggressive monetary tightening.