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BSP raises key rate to 5.5% as inflation pressures build

The BSP raised its key policy rate to 5.50% as oil prices, transportation fares, and agricultural risks threaten to keep inflation elevated through 2027.

2 min read

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Peso falls to historic low ₱62.90

The peso closed at a record-low ₱62.90 per dollar as expectations of higher US interest rates strengthened the dollar and Philippine foreign reserves fell below $100 billion.

2 min read