
The Philippines Central Bank
The Philippine central bank cut its policy rate to a record low with a 50 basis point rate cut on June 26.
The Bangko Sentral ng Pilipinas is ready to take further steps to support “non-inflationary growth”, governor Benjamin Diokno said during an online briefing. The BSP lowered the overnight reverse repurchase facility rate to 2.25%, the fourth cut this year. It has reduced the policy rate by 175bp since February.
The International Monetary Fund projects that the Philippines economy will
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Original Source