The Philippines joins the list of countries hiking rates to ward off inflation, boosting its...

|By:, SA News Editor

The Philippines joins the list of countries hiking rates to ward off inflation, boosting its benchmark 25 basis points to 4.25%. Inflation recently embarked on a new leg higher, jumping to 4.3% in February after averaging 3.8% in 2010. EPHE is flat, but -9.6% YTD.