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RPT-Manila c.bank says sees inflation pressures ahead

2008-11-20 07:49:35 GMT (Reuters)

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(Repeats without changes in text)

MANILA, Nov 20 (Reuters) - The Philippine central bank said on Thursday current foreign exchange volatility, with the peso hovering at two-year lows, was a factor that could put pressure on inflation.

The central bank said it opted not to reduce policy rates at its meeting on Thursday as it could negatively affect capital flows and lead to further weakness in the local currency. (Reporting by Karen Lema and Manolo Serapio Jr.)

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