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Philippines’ central bank policy not tied to Fed decisions, says governor -Breaking


© Reuters. FILE PHOTO – A Bangko Sentral ng Pilipinas logo is seen in their main Manila building on March 23, 2016, Philippines. REUTERS/Romeo Ranoco

MANILA, Reuters – Monetary policy decisions by the Philippine central bank are independent of US Federal Reserve decisions, Bangko Sentral ng Pilipinas Governor Benjamin Diokno stated Monday.

Economists are expecting 50 basis points rate increases when the U.S. Fed meets from June 14-15. Another rate rise has been signalled by the Philippines for its June 23 policy gathering.