Philippines central bank cuts policy rates for third time this year
Governor Diokno says benign inflation outlook provides more room for further rates reduction
The Philippines central bank cut its key rates for the third time this year on Thursday (September 26), and hinted at more reductions as expected inflation remains within its target band.
The monetary board of the Central Bank of the Philippines (BSP) lowered the overnight reverse repurchase rate by 25 basis points to 4%, citing easing inflationary pressures and stronger headwinds in the domestic economy.
The move is the central bank’s third rate cut this year, after it lowered rates in
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