Editor
Moves come after interest rate hikes by South Korea and New Zealand a day earlier.
Singapore and the Philippines’ central banks have unveiled a surprise tightening of monetary policy in the latest sign of heightened inflation concerns in the Asia Pacific.
Bangko Sentral ng Pilipinas (BSP) lifted its benchmark interest rate by 0.75 percentage point in an unscheduled rate hike on Thursday, as the central bank signalled it was ready to take further action to tackle rising inflation.
The hike…
