Central Bank Rate Hikes Are Far From Over.

(Bloomberg) -- This week's blitz of interest rate hikes is unlikely to mark the end of a campaign by central banks to crush inflation even as they run the mounting risk of driving their economies into recession. Philippines The Philippine central bank raised its policy rate for a fifth time this year to quell inflation pressures amid a slumping currency and a hawkish Fed. Bangko Sentral ng Pilipinas raised the overnight reverse-repurchase rate by 50 basis points to 4.25%. [Extracted from the article]