MANILA, Feb 16 (Reuters) - The Philippine central bank
raised its benchmark interest rate by 50 basis
points to 6.0% on Thursday to tame inflation, which is running
at 14-year highs.
Just over half of economists polled by Reuters, 13 of 24,
had expected the Bangko Sentral ng Pilipinas to hike rates by a
half-point on Thursday. The rest had pencilled in a smaller
quarter-point rise.
(Reporting by Neil Jerome Morales and Karen Lema; Editing by
Kanupriya Kapoor)
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