BSP cuts policy rate, as expected

MANILA — The Philippine central bank cut its benchmark rate by 25 basis points on Thursday, a sixth straight reduction that matched the expectations of most economists in a Reuters poll. The move to lower the overnight reverse repurchase facility rate PCHBIR=ECI to 4.25% came after economic growth slowed to a near five‑year low of 3.0% last quarter. The central bank […] The post BSP cuts policy rate, as expected appeared first on Interaksyon.