Rate decisions this week
The Central Bank of the Philippines starting unwinding its extraordinary support measures on Thursday by raising its rediscount rate from 3.5% to 4%. Amando Tetangco, the central bank's governor, said the rediscount rate had been set 0.5% lower than the benchmark last March to increase lenders' access to funds.
Barclays Capital, an investment bank, said the rediscount rate hike had come sooner than expected. It added, however, that the move was more a "normalisation" from crisis measures than a
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