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8/28/2008 04:06am
*PHILIPPINE CENTRAL BANK RAISES KEY RATE BY 25 BPS to TO 6.0% FROM 5.75% AS EXPECTED

- Says monetary plicy need to be appropriately tight; inflation could exceed 2008 and 2009 targets
- Says oil prices continue to pose inflationary risks
- Says economy strong enough to withstand recent interest rate increase



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