Eli Remolona, the Central Bank Governor of the Philippines, indicated on Friday that the nation is likely to persist with its monetary tightening policy in November. The exact number of rate increases has not been specified, but there is a strong possibility of further hikes as part of this cycle.

In a recent television interview, Remolona suggested that the forthcoming adjustment in November may not be the final one. His comments underline the central bank's ongoing commitment to a hawkish monetary policy stance.

The series of rate increases is part of a broader strategy to keep the country's economy on track. The decision by the central bank is expected to be closely observed by investors and analysts worldwide as they assess the potential impacts on the Philippine economy.

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