The Philippine central bank decided to cut the policy rates by 25 basis points on Thursday, as economic growth undershot expectations on weaker domestic demand.
The Monetary Board of the Bangko Sentral ng Pilipinas reduced the target reverse repurchase rate by 25 basis points to 4.25 percent.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.