Philippines Central Bank Official Indicates Rate Increase

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Central bankers in developing economies face a difficult choice: raise their own rates and crimp growth, or allow inflation to accelerate as import prices surge

 

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The Govt should cut spending reducing inflation pressure so no interest rate increase needed to choke off small biz, 70% job creator, & thereby economic growth & jobs

Higher interest rates combined with a falling currency will lead to stagflation. This will slow down the economy but not curb import prices.

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