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Economy

Duterte's new central bank chief signals potential rate cut

Diokno vows to maintain independence while analysts expect looser policy

Inflation in the Philippines is softening, allowing Bangko Sentral ng Pilipinas to consider a rate cut.   © Reuters

MANILA -- The Philippines' new central bank governor Benjamin Diokno on March 8 signaled a potential interest cut if inflation continues to decelerate and return to target this year.

"Given the decelerating inflation in the Philippines, there's an opportunity for monetary easing but as I've said, that would be dependent on the data that will be given to us by our technical staff who are world class," Diokno told reporters in his first official news conference as Bangko Sentral ng Pilipinas governor.

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