Philippines cuts key rates and hints at more easing
BSP governor indicates more easing likely this year as inflation stays under control
The Philippines central bank cut its benchmark interest rate and hinted at more easing today (August 8), as inflation pressures eased and the prospects for the country’s economic growth worsened.
The Central Bank of the Philippines (BSP) slashed the overnight reverse repurchase rate by 25 basis points to 4.25%, citing easing price pressures and weaker global economic prospects.
The central bank also hinted at further easing, mentioning that inflation is likely to remain within the target of
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