🚨 BREAKING: The Philippines has raised ₱6.39 BILLION in 364-day Treasury bills amid rising borrowing costs 💸
This follows the central bank’s first rate hike in over 2 years, lifting the policy rate to 4.5% 📈
Meanwhile, the Philippine peso hit an all-time low of ₱61.69 per USD 🇵🇭📉
Adding to the pressure, April inflation is expected to soar to a 2-year high of 5.5% 🔥
#EconomicAlert #PHLFinance #RisingRates
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