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.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
by Renju Jaya
For comments and feedback: contact editorial@rttnews.com