Philippine central bank chief sees lower pressure to match future Fed hikes

MANILA: The Philippine central bank chief said on Tuesday the pressure on local monetary authorities to match future interest rate hikes by the US Federal Reserve will be much lower.

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Bangko Sentral ng Pilipinas Governor Felipe Medalla also told reporters that the choice for the central bank was whether to raise interest rates by either 25 or 50 basis points at its next policy meeting.