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Philippines may narrow or pause rate hikes amid global headwinds

Philippines may narrow or pause rate hikes amid global headwinds

© Reuters. FILE PHOTO: Philippine Finance Secretary Benjamin Diokno attends an economic briefing following President Ferdinand Marcos Jr’s first State of the Nation Address, in Pasay City, Metro Manila, Philippines, July 26, 2022. REUTERS/Lisa Marie David By Neil Jerome Morales MANILA (Reuters) – The Philippine central bank could decide to opt for a narrower 25…

Japan says banking system stable, plays down risk of contagion

Japan says banking system stable, plays down risk of contagion

© Reuters. FILE PHOTO: Japan’s new Chief of Cabinet Secretary Matsuno Hirokazu announces new cabinet members at a news conference in Tokyo, Japan October 4, 2021. REUTERS/Kim Kyung-Hoon By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) -Japan’s top government spokesperson said on Monday the banking system was stable, seeking to reassure markets the country won’t…