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New Philippine Central Bank Head Signals at Least Two Hikes

  • Medalla says BSP likely to lift key rate to 2.75% by August
  • Incumbent Diokno says he’s on same page with Medalla
Felipe Medalla
Felipe MedallaPhotographer: Geric Cruz/Bloomberg
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The Philippines will likely follow its interest-rate increase last month with at least two more hikes to curb inflation, according to the central bank’s incoming governor.