Faltering Philippine Growth Spurs Calls for State Action, Pause in Rate Hikes

The Philippine economy contracted more than expected in the latest quarter, prompting central bank officials and economists to debate whether interest rate increases should continue. President Ferdinand Marcos Jr. faces pressure to implement policies to accelerate economic growth. The Bangko Sentral ng Pilipinas has not yet announced changes to its rate policy in response to the slowdown.

• Bloomberg — Faltering Philippine Growth Spurs Calls for State Action, Pause in Rate Hikes

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