The Bangko Sentral ng Pilipinas raises borrowing rates by a quarter point.<br /><br />This brings the key interest rate to 6.25 percent, the highest since November 2008, effective tomorrow.<br /><br />BSP Chief Felipe Medalla said further monetary policy action was needed to address price pressures despite inflation slightly easing to 8.6 percent last month.<br /><br />Joining us now is Shan Saeed, Chief Economist of Juwai IQI.<br /><br />Visit our website for more #NewsYouCanTrust: https://www.cnnphilippines.com/<br /><br />Follow our social media pages:<br /><br />• Facebook: https://www.facebook.com/CNNPhilippines<br />• Instagram: https://www.instagram.com/cnnphilippines/<br />• Twitter: https://twitter.com/cnnphilippines<br />
