The Philippine central bank on Thursday decided to cut its policy interest rates by a quarter point as expected by economists to support economic activity and reinforce confidence.
The Monetary Board of the Bangko Sentral ng Pilipinas decided to reduce the overnight borrowing or reverse repurchase to 4 percent from 4.25 percent and the overnight lending or repurchase rate to 6 percent from 6.25 percent, effective immediately.
This rate cut follows the 25-basis-points reduction in policy rates that was implemented in January of this year. Policy makers said the benign inflation outlook allowed further scope for a measured reduction in policy rates.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.