Category: politics

BSP delivers surprise 0.25 ppt rate cut

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MANILA, Philippines – The Bangko Sentral ng Pilipinas yet again reduced its key policy rate by 0.25 percentage point to 4.75 percent, as concerns about infrastructure-related corruption made a dent in economic growth. “The outlook for growth has softened in the near term,” BSP Governor Eli Remolona Jr. said in a press briefing. READ: BSP

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